In Saudi Arabia, Lucid manufactures 1,55,000 electric cars a year

In Saudi Arabia, Lucid manufactures 1,55,000 electric cars a year
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Riyadh, Saudi Arabia: The Lucid Company produces 1,55,000 electric cars each year in Saudi Arabia. Next year, production of the electric car at Rabig Lucid will begin. Here will be produced four models of electric car. Total investment in the Lucid factory in Saudi Arabia is 1,230 crore Rial. Around 95% of the cars made here are exported. This will bring benefits to other industries and create new investment opportunities.

Recently, the Saudi government signed an agreement to purchase 50,000 to 100,000 electric vehicles for its government departments. This will be done within a period of ten years. Investment Minister Khalid al-Falih stated that Saudi Arabia wants to reach carbon neutrality by 2060. It will diversify the Saudi economy and transfer technology, as well as develop capabilities.

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