Lucid’s new Saudi plant is official. Lucid announced a long-term plan to bring advanced automotive manufacturing to Saudi Arabia to address global demand. The plant will be designed for a maximum annual production capacity of 150,000 vehicles. Lucid estimates that the site could result in up to $3.4 billion in value for the company over 15 years.
The plant is expected to create “several thousand highly skilled jobs.” Lucid estimates that the location of Lucid’s first international manufacturing plant in Saudi Arabia may result in up to $3.4 billion of value to Lucid over 15 years. New international manufacturing plant targets 150,000 vehicles per year at the King Abdullah Economic City, and will leverage U.S. engineering, R&D, and manufacturing expertise in assembling new models for global markets and complement Lucid’s flagship manufacturing site in Arizona, USA. The manufacturing facility will bring several thousand high-skilled jobs to Saudi Arabia, creating diverse job opportunities and supporting skills development for the region.