EV startup announced that 'vehicle re-assembly operations' are expected to begin next month at its second factory.
only started a year ago and the facility is still under construction, but Rawlinson said Lucid will start sending partially assembled vehicles from the US to the Saudi Arabia facility that will finish the production process.
The new plant will receive all the parts of the Lucid Air from the AMP-1 factory in Casa Grande, Arizona, and will assemble the cars locally, the executive said according to"Construction of Lucid's new manufacturing facility in Saudi Arabia is well underway, with vehicle re-assembly operations expected to commence in September 2023. At its peak, we expect to manufacture up to 155,000 vehicles per year at the facility.
During the earnings call, Rawlinson also revealed that Lucid finalized the purchase agreement with the Government of Saudi Arabia. The first Lucid Air deliveries to the government look set to take place before the end of the year. "We're on track to execute on deliveries under the purchase agreement with the government of Saudi Arabia, and thus far I'm pleased with consumer and government demand."first announced in April 2022The Saudi Arabian government through its Public Investment Fund is Lucid Group's majority stakeholder with 60.5 percent of shares.through an equity offering that brought the EV startup a total of $3 billion – $1.
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