News
Lucid Customers In Saudi Arabia Gets First Deliveries Of The Air Luxury Electric Sedan
Lucid’s operations in Saudi Arabia are picking up speed. Its factory in King Abdullah Economic City is on track to be finished within months, with production scheduled to start before the end of this year. On top of that, the company confirmed it is raising €2.80 billion of fresh cash injection through the stock sale, with a majority of the investment coming from Saudi Arabia’s Public Investment Fund.
On the back of all these developments, the Vice President of Lucid Middle East, Faisal Sultan, confirmed that the first units of Lucid Air have been already delivered to customers. The company initially promised to deliver those vehicles by the end of last year, but due to various delays, the first tranche has only just arrived in Saudi Arabia.
Lucid is planning to deliver hundreds of its luxury electric sedans every week to Saudi Arabia from its Arizona factory. The company wanted that number to be in the thousands, but unfortunately, shipping is the issue. This is hoped to be resolved once the assembly plant goes online later this year.
Initially, the Lucid plant in KAEC will only assemble vehicles from kits sent from Arizona. The factory is expected to reach its full production capacity late in 2025, and it should be able to produce 150,000 vehicles every year. Lucid has got a great market cornered for itself, with 100,000 Lucid Air units ordered by the government alone.
The first showroom in Riyadh, the capital of Saudi Arabia, was opened last October. The next one is planned in the UAE by the end of this year. Lucid Air starts in Saudi Arabia at €109,300 for the Pure version, and the top-of-the-range Dream Edition is priced at €238,600. That’s slightly more expensive than in the US, but almost the same as in Europe.
-
Car Theft1 week agoFear Of Theft: Indian Man Hires Crane To Park New Mahindra SUV On Rooftop Before Traveling To Israel
-
Celebrities Auto3 days agoMost Expensive In Africa : Burna Boy Takes Delivery Of His ₦9B Bugatti Chiron VXX
-
News1 week agoBMW iX5 Hydrogen Enters Real-World Testing Ahead Of Production, Targets 750km Range, 5-Minute Refuelling Time
-
News1 week agoMission Efficiency: Volkswagen Unveils World’s Most Efficient Near-production Electric Car
-
Auto Sport6 days agoThree Rare 1926 Bugatti Type 41 Royales Reunite at Bugatti’s Spiritual Home to Mark 100th Anniversary
-
News5 days agoMercedes And Rheinmetall Unveil G-Class-Based Timber Wolf And Silver Wolf For British Army
-
News4 days agoMercedes-Benz Starts Production Of 657-km Range 2027 GLA Electric SUV
-
Celebrities Auto4 days agoInside Andrew Tate’s Bugatti Chiron With Custom “Tate” Headrests, Which He Claimed Was Rented