Lucid To Sell Up To 100,000 EVs To Saudi Government Over The Next Decade | Carscoops carscoops
sell the government up to 100,000 electric vehicles over a 10-year period.
Saudi Arabia’s Public Investment Fund owns a 61 per cent stake in Lucid. It has made an initial commitment to purchase 50,000 vehicles and has the option of purchasing an additional 50,000 EVs over the same period., as well as future Lucid models, that are built and assembled at the automaker’s factory in Arizona. Future models will also be produced at Lucid’s international manufacturing facility in Saudi Arabia.
“Delivering up to 100,000 Lucid electric vehicles in Saudi Arabia represents another pivotal moment in our acceleration of sustainable transportation worldwide,” Lucid chief executive and chief technology officer Peter Rawlinson said. “We are delighted to be supporting Saudi Arabia in achieving its sustainability goals and net-zero ambitions, as outlined by Saudi Vision 2030 and the Saudi Green Initiative, by bringing our advanced luxury EVs to Saudi Arabia.
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