22 Hrs
Source:
الاقتصادية
Lucid's Saudi Plant Moves to Production
Lucid has entered the manufacturing phase at its Saudi factory, AMP-2, as part of efforts to localize electric vehicle manufacturing in the Kingdom and reduce reliance on imports. Production equipment is currently being installed and operated at the plant, with a future focus on manufacturing the Air and Gravity models, aiming to gradually increase production to reach 150,000 vehicles annually by 2029, primarily for export to Gulf and global markets. This step aligns with Saudi Arabia’s initiatives to develop a local supply chain and support the national economy, backed by significant investments from the Public Investment Fund and the opening of a research and development center in Riyadh, where Saudis constitute around 70% of the workforce. It is expected that this factory will contribute to achieving Saudi Arabia’s vision of an advanced local electric vehicle industry.
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