Lucid Motors to launch first Saudi-assembled EV in September: exec

Lucid Motors’ Global Vice President and Managing Director Middle East Faisal Sultan 

Faisal Sultan, Global Vice President and Managing Director Middle East for Lucid Motors, partially owned by the Public Investment Fund (PIF), revealed that first electric vehicle (EV) to be assembled in Saudi Arabia will be launched in September. 

The target is to reach a stand-alone plant in the near future in Saudi Arabia and localize its industries, Sultan said during his participation in the PIF private sector Forum, as quoted by the Saudi Press Agency (SPA). 

He emphasized that Saudi Arabia is one of the largest car consumers in the region, stressing that Lucid is working to localize jobs and raise employment rates among Saudis.  

Sultan noted that Lucid has grown and developed further after becoming part of the PIF portfolio, adding that the company is on track toward reaching its goals.