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Lucid opens EV factory in Saudi Arabia, home of its largest shareholder – TechCrunch

Lucid opens EV factory in Saudi Arabia, home of its largest shareholder – TechCrunch

Luxury EV maker Lucid Group has opened its first international factory in Saudi Arabia, the home of its largest shareholder.The factory, located in Jeddah, will have initial capacity to assemble 5,000 Lucid vehicles annually, according to the company. Lucid said it plans to expand the facility to 150,000-vehicle production capacity. Workers at the plant will initially re-assemble Lucid Air vehicle kits that are pre-manufactured at the company’s U.S. factory in Casa Grande, Arizona. Lucid aims to transition the Saudi Arabian… 

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