• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 21st, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
The LUCID electric car logo os shown above one of the company retail stores in a shopping mall in San Diego, California, U.S.,October 20, 2023.     REUTERS/Mike Blake
The LUCID electric car logo os shown above one of the company retail stores in a shopping mall in San Diego, California, U.S.,October 20, 2023. REUTERS/Mike Blake
A view shows a wheel of a Lucid 'Gravity' SUV during the press day preview of the Los Angeles Auto Show in Los Angeles, California, U.S. November 16, 2023. REUTERS/David Swanson
A view shows a wheel of a Lucid 'Gravity' SUV during the press day preview of the Los Angeles Auto Show in Los Angeles, California, U.S. November 16, 2023. REUTERS/David Swanson
A Lucid 'Gravity' SUV is displayed during the press day preview of the Los Angeles Auto Show in Los Angeles, California, U.S. November 16, 2023. REUTERS/David Swanson
A Lucid 'Gravity' SUV is displayed during the press day preview of the Los Angeles Auto Show in Los Angeles, California, U.S. November 16, 2023. REUTERS/David Swanson
Home
Business
Autos & Transportation

Lucid has assembled near 800 cars in Saudi plant, focused on training -VP

December 13th, 2023 | 18:04 PM BUSINESS Autos & Transportation 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Samsung hikes chipmaking prices by up to 15% on demand spike, sources say
Chery's robot unit eyes IPO, targets overseas market for police robots
Einride forecasts faster growth, adds 500 Tesla Semi trucks to fleet
China's Pony.ai plans to deploy more than 4,000 robotaxis abroad
By Pesha Magid

Lucid Group (LCID.O) has assembled almost 800 cars in its Saudi Arabian factory since its opening, with its main focus on training more than 200 local employees, the EV maker's Middle East managing director said on Wednesday.

California-based Lucid opened its first plant outside the United States in September, with an initial capacity to produce 5,000 EVs a year, after the Saudi government pledged to buy up to 100,000 vehicles from it over 10 years.

"The car is fully built in Arizona ... then it gets de-assembled... then the car gets shipped here as a kit, and that kit is then put back together," Faisal Sultan, who is also Lucid's Global Vice-President, told Reuters.

Workers in the factory in Jeddah re-attach the battery, put the trim and tyres back on and re-test the vehicle, he added.

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), which owns an over 60% stake in Lucid, invested billions in the company, as part of the government's plans to establish a hub for the EV industry.

Lucid has recorded an accumulated $9.5-billion loss as of September and posted losses every year since its started.

"It (the Saudi factory) is a small operation for us. The reason why we have kept it this way is that we want to take baby steps in our approach of training people," said Sultan.

"You are doing roughly 16, 17 to 20 vehicles a day, rather than an hour, you can spend time with them to really train them," he said.

Lucid is preparing the staff, half of whom are Saudis, for the opening of a complete build unit (CBU), a factory capable of manufacturing a car, in 2026, for which construction has begun.

The CBU's opening depends on supply chains and workforce development, Sultan said, adding: "It has to make business sense at the end of the day for us to open that factory, but construction continues."

Lucid hopes the plant would help encourage key parts suppliers to establish presence in the kingdom.

"We cannot have operations up and running and not be efficient by bringing parts from all over the world."

  • Topic
  • SAUDI
  • LUCID/FACTORY (PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Samsung hikes chipmaking prices by up to 15% on demand spike, sources say

Related Posts

Autos & Transportation
August 19th, 2026

Samsung hikes chipmaking prices by up to 15% on demand spike, sources sa...

Autos & Transportation
August 19th, 2026

Chery's robot unit eyes IPO, targets overseas market for police robots

Autos & Transportation
August 18th, 2026

Einride forecasts faster growth, adds 500 Tesla Semi trucks to fleet

Autos & Transportation
August 18th, 2026

China's Pony.ai plans to deploy more than 4,000 robotaxis abroad

Autos & Transportation
August 17th, 2026

Tesla prepares for Cybercab launch in August starting with rides to empl...

Autos & Transportation
August 17th, 2026

Uber, Zipline partner on US drone delivery for Uber Eats

The Wire
Aug 21st 5 h ago
Science

China hunts for lunar ice in one of solar system's coldest ...

Aug 20th 6 h ago
Asia Pacific

Japan July core CPI rises 1.8% yr/yr

Aug 20th 6 h ago
Government

DOJ seeks to question FBI officials tied to search of Trump...

Aug 20th 6 h ago
Sports

Cowboys, Saints each fined $500K for brawling at joint prac...

Aug 20th 6 h ago
Asia Pacific

Japan's core inflation accelerates in July, bolsters case f...

TRENDING ON FINANCETIME
Aug 20th, 2026 United Kingdom

UK consumer confidence jumps to two-year high, GfK says

Aug 20th, 2026 India

Focus: AI reshapes India's IT services sector contracts as clients demand more for less

Aug 20th, 2026 China

China, Indonesia ministers meet on Friday, to discuss security and economic issues

Aug 20th, 2026 Government

Ex-Google engineer's conviction for stealing AI secrets partially overturned    

Aug 20th, 2026 Sports

NFL committees recommend approval of $9.6B Seahawks sale

Markets-Sectors
TECHNOLOGY -0.29%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT