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Saudi Arabia cruises toward becoming global player in EV market – The Jerusalem Post

Saudi Arabia cruises toward becoming global player in EV market – The Jerusalem Post

California-based luxury electric vehicle maker Lucid Group recently opened its first international manufacturing plant in Jeddah, Saudi Arabia, as the kingdom moves further ahead with its plan to become a global player in the electric vehicle manufacturing industry.For more stories from The Media Line go to themedialine.org Partly owned by Saudi Arabia’s Public Investment Fund, the new plant is ultimately expected to produce 155,000 electric vehicles a year.Faisal Sultan, the Lucid Group’s vice president and Middle East managing director, said… 

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