Lucid plans to build a factory of auto electric in Saudi Arabia by 2026

The company announced Lucid Motors electric vehicles In America, he plans to build his own factory in Saudi Arabia by 2025 or 2026.

Company president Andrew Liveris said the company is currently negotiating with the Saudi Ministry of Investment in this regard, especially following the company’s success in manufacturing and selling automobiles in the United States, according to the Bloomberg agency.

Interestingly, the Saudi Public Investment Fund owns a 67% stake in Lucid, listed on the US stock market in July 2021, with investments of $ 1.3 billion.

Saudi Investment Fund Governor Yasser Al-Rumayyan announced in January 2021 that the fund was in negotiations with the company to build a factory of auto electric in Saudi Arabia.

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