Saudi Arabia Will Receive 100 Electric Cars From Lucid Company

Saudi Arabian Lucid
Saudi Arabian Lucid

Saudi Arabia has agreed with Lucid to purchase approximately 100.000 electric cars The Saudi Arabian government has announced that it has signed an agreement with Lucid to purchase a minimum of 10 electric vehicles and a maximum of 50.000 vehicles within 100.000 years, in order to diversify its environmentally friendly vehicle fleet.

This agreement is an important step towards achieving the goals of Saudi Vision 2030, which aims to carry out far-reaching reforms in the economy, society and quality of life, diversify the Kingdom's economy and build new sectors. At the same time, it was announced that the government made this agreement to reduce carbon emissions and promote the use of Sustainable transportation.

Lucid was chosen when building a factory to assemble these vehicles within the Kingdom, which will eventually go into full production to support local content that will contribute to diversifying the economy and generating returns in line with the Saudi Vision 2030. Lucid aims to produce up to 150.000 cars per year, as well as making Saudi Arabia an important hub for the regional and global industry for next-generation electric cars.

By purchasing these vehicles, Saudi Arabia aims to diversify technologies used in private transportation as part of its efforts to develop vehicle emission management technologies, including but not limited to the production of electric vehicles using modern technologies, programs.

The kingdom's signing of this agreement comes at a time when the world is witnessing a noticeable increase in demand for electric cars, and such demand has come from many other governments. The agreement also provides an opportunity for the Kingdom to work with Lucid to develop new models and vehicles suited to the needs of the government fleet.

The agreement includes Lucid's electric sedan model Air, as well as the Gravity SUV and other electric cars that the brand will produce in the future. The electric vehicle sales deal forms part of the Vision 2030 plan, which aims to shift the Saudi kingdom's economy away from fossil fuels.

1 Billion Dollar Investment

61 percent of Lucid is owned by the Saudi Arabian Public Investment Fund (PIF). The Saudi Arabian Public Investment Fund bought most of the company's shares in 2018 with an investment of $1 billion. With this investment, Lucid's hand was relieved, which had difficulties in producing the Air model.

While deliveries are expected to start in the first quarter of 2023 at the latest, between 2 and 2025 Lucid vehicles will arrive in Saudi Arabia annually. By 4, this figure is planned to increase to between 7 and XNUMX thousand vehicles. It is not yet known what kind of price tag Lucid will set for these vehicles.

Günceleme: 30/04/2022 08:01

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