Written by Cláudio Afonso | LinkedIn | X
The EV maker Lucid Motors announced on Wednesday that signed a strategic agreement with EVIQ to collaborate in developing public high-speed charging capabilities and support the electric vehicle sector in the Kingdom.
In its website, the joint-venture company between the Public Investment Fund (PIF) and Saudi Electricity Company (SEC), claims that will build 1,000 charging points consisting of 5,000 EV chargers across the Kingdom by 2030.
In line with Saudi Vision 2030, the memorandum of understanding with the Electric Vehicle Infrastructure Company (EVIQ) outlines plans to utilize its “extensive network of fast-charging stations, significantly improving the ownership experience for Lucid customers” in the country.
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Lucid Motors‘ CEO Peter Rawlinson has criticized Tesla earlier this week, suggesting the company is “distracted” and “losing its way” adding that it “really falls to Lucid to take the technology to a whole new level”.
In a previous talk with the Financial Times earlier this month, the chief executive had said manufacturers from China are “many years behind Tesla” despite admitting “they’re a lot better than they’ve been”.
The electric vehicle startup is reportedly gearing up to announce a partnership providing Hyundai’s premium brand, Genesis, with electric motors.
The collaboration aims to accelerate the development of a new all-electric sports car slated for a 2025 launch by Genesis. Additionally, Hyundai plans to release the GV90, an electric sport utility vehicle from Genesis by late 2025.
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As reported by EV on Friday, Lucid is cutting its workforce as part of a restructuring and cost reduction plan, according to former employees and some of the teams affected include vehicle engineering, IT, Human Resources, Powertrain, and Manufacturing.
In a statement, Lucid stated that will see “productivity improvements through a reduction of the Company’s current employee workforce by approximately 400 employees, or approximately 6 percent”.
In the first quarter of the year, the EV maker produced 1,728 units of its Air luxury sedan with deliveries reaching 1,967 vehicles, an increase of 39.9 percent compared to the same period of last year.
Lucid CEO admitted that Chinese OEMs have been improving a lot over the last years while expecting a second wave of improvement as the focus shifts to powertrain technology.
Written by Cláudio Afonso | LinkedIn | X
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The post Lucid Partners with Eviq to Co-Develop Charging Stations Across Saudi Arabia first appeared on EV.