Written by Cláudio Afonso | LinkedIn | X
Electric vehicle (EV) maker Lucid Motors is expanding its plant in Saudi Arabia, the first one outside the United States.
Currently, the AMP-2 facility is performing semi knocked-down (SKD) assembly, reassembling Lucid Air vehicle kits pre-manufactured at the company’s factory in Arizona, with an annual capacity to assemble 5,000 vehicles.
In an interview to the local media Argaam, the company’s Vice President and Managing Director for the Middle East region, Faisal Sultan, confirmed that the work is underway to complete seven to eight additional buildings, supplementing the existing assembly plant.
Lucid‘s manufacturing plant in Saudi Arabia, officially opened last September, is the company’s second Advanced Manufacturing Plant (known as AMP-2) and the first one outside the United States.
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The facility is designed to support the production of Lucid‘s EVs for both the local market and export.
The company has recently expanded its presence in the UAE by opening a new showroom at Dubai’s City Walk. This follows the late 2022 launch of the Riyadh Studio, which marked the company’s first retail location in the Middle East region.
On Thursday morning, Lucid’s CEO said the company is “going to reveal a product” that achieves 5 miles per kWh “very soon”.
The EV maker reported on Monday that it delivered 2,394 vehicles in the second quarter of the year, while producing 2,110 units, beating expectations from Wall Street analysts.
Lucid scheduled a conference call to discuss its second quarter 2024 financial results on August 5 at 5:30 pm eastern time immediately after releasing its Q2 report.
Written by Cláudio Afonso | LinkedIn | X
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