Riyadh: Saudi Arabia has signed an agreement with US-based Lucid Motors to buy 50,000 to 100,000 electric vehicles in 10 years.
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According to Arab News, the Ministry of Finance said in a statement that the initiative aims to make healthy changes in the lives of Saudi citizens, build new sectors for the future and create jobs for future generations. There is a step towards.
Saudi Arabia plans to set up the country's first electric vehicle manufacturing plant here in partnership with Lucid to manufacture electric vehicles in the country, with the goal of ensuring that by 2030, 30 percent of all vehicles in the capital Riyadh will be battery-powered instead of oil. To make
It should be noted that this will be the first plant of Lucid Motors Company outside the United States. This factory to be set up in Saudi Arabia will have the capacity to produce 1.5 million electric vehicles every year.
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