The company expects to report a loss from operations in the range of $765mn to $790mn for the quarter ended September 30
Lucid electric vehicle
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Electric car
Lucid boss: Saudi Arabia ‘absolutely’ set to be global automotive hub with ‘relentless pursuit of innovation’
Lucid Middle East’s VP and MD speaks to Arabian Business about the all new Jeddah facility, Vision 2030, the launch of its SUV line and more
Electric car
Lucid announces UAE expansion with Dubai showroom, EV prices start at $84,000
Saudi-owned Lucid Group opens second Middle East studio with retail outlet and service centre in Dubai
electric vehicle
Saudi Arabia’s Lucid sees shares jump after record sales
Saudi-backed electric vehicle maker Lucid sees shares climb amid delivery boost
Dubai Airshow
Riyadh Air unveils new-look planes at Dubai Airshow 2023
Riyadh Air is showcasing new livery on its planes and Lucid Air electric vehicles at Dubai Airshow 2023
electric vehicle
Saudi Arabia a world leader in electric vehicle market: minister
Saudi Arabia can lead global electric vehicle market said government minister as Lucid factory inaugurated in King Abdullah Economic City
Electric car
Lucid opens Saudi car manufacturing facility
Lucid plans thousands of jobs in Saudi Arabia amid electric vehicle push
Aston Martin
Saudi-backed Lucid strikes Aston Martin electric car deal
Lucid and Aston Martin will team up to advance iconic supercar maker’s electrification drive
electric carmaker
Saudi wealth fund ‘supportive’ during supply crunch: electric carmaker Lucid
The supply crunch forced the Newark, California-based startup to cut two production targets this year
automotive industry
Construction starts on Lucid’s first electric vehicle factory in Saudi Arabia with investments of $3.4 billion
Once complete, the manufacturing facility will build up to 155,000 electric vehicles, which are initially slated for the Saudi Arabian market, with Middle East regional deliveries of Lucid Air expected to begin later this year
electric carmaker
PIF-backed Lucid announces deal to sell up to 100,000 electric vehicles to Saudi government
The purchase will take place over a 10-year period
automobile industry
Saudi-backed Lucid Motors sinks after cutting production goal
The luxury electric car manufacturer dropped its 2022 target from 20,000 to maximum 14,000 amidst logistic and supply chain challenges
Andrew Liveris
Luxury electric car maker Lucid inks deal for Saudi manufacturing hub
Lucid signs $30m lease agreement with Emaar Economic City for an industrial plot in King Abdullah Economic City
electric vehicle
Lucid says to build electric car factory in Saudi Arabia by 2026
Chairman Andrew Liveris says company is in negotiations with ministries in the kingdom
Churchill Capital Corp IV
Lucid Motors sees second-half production start, plant expansion
Lucid plans to have as many as 20 retail locations by year-end and reiterated ambitions to enter the energy storage market
electric carmaker
Ex-Tesla engineer takes over as CEO of Saudi-backed Lucid Motors
Saudi Arabia’s Public Investment Fund invested more than $1bn in a deal closed earlier this month
electric carmaker
Tesla rival Lucid Motors eyes Saudi manufacturing facilities
Lucid Motors is backed by Saudi Arabia’s Public Investment Fund