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PIF-backed Lucid opens first international EV plant in Saudi Arabia – Arab News

PIF-backed Lucid opens first international EV plant in Saudi Arabia – Arab News

JEDDAH: Lucid Group, backed by the Public Investment Fund, on Wednesday opened its first international manufacturing facility in Saudi Arabia’s King Abdullah Economic City. As Lucid’s second Advanced Manufacturing Plant, AMP-2, and first international plant, the facility will produce Lucid’s groundbreaking electric vehicles for Saudi Arabia and export to other markets. Through the development of electric transportation, Lucid will support the Saudi Green Initiative’s imperative to ensure that 30 percent of new car sales in the Kingdom are electric by… 

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