Lucid Motors | Al Bawaba

Lucid Motors latest

Financial backing from Saudi Arabia’s Public Investment Fund (PIF), announced last year, will allow Lucid to proceed with the development of the all-electric sedan, as well as fund the $240 million cost of building the first phase of its factory in the US. (Arab News)

February 21st, 2019 - 08:52 GMT

Tesla Rival Lucid Motors Mulls Building Factory in Saudi Arabia

A US-based electric-vehicle company that raised more than $1 billion from Saudi Arabia wants to build a factory in the Kingdom, and says its mission to build “the best car in the world” is well underway.