Cali based Lucid Motors is looking for locations across the Kingdom of Saudi Arabia for their luxury studios.
Lucid Motors CEO Peter Rawlinson told Arab News in a recent report about the expansion plans, and how ‘vital’ the $1 billion investment by Saudi Arabia’s Public Investment Fund (PIF) has been to realize this and move forward with its larger vision to manufacture an affordable, efficient and sustainable transportation that will eventually replace gasoline-based vehicles.
“We are reciprocating, and we are going to do something amazing with PIF in the Middle East and Saudi Arabia, and that will be very much in line with Vision 2030 to really reduce their economy’s dependence upon fossil fuels,” Rawlinson said.
“I think sunshine will last future generations longer than oil. And if they can leverage that sunshine with the energy-storage solutions that Lucid Technologies can provide, linked to our cars and our automotive technology, we are going to do something huge in the Kingdom, and hopefully, we are going to make an announcement regarding those plans very soon.”
With Rowlinson’s team recently returning from their scouting trip, we are now convinced that we will only see the Lucid Air on Middle East roads in 2022. If they do open up a studio in late 2021 as per their initial plan, we will most likely get to see it up close and personal then – and even possibly drive it.
Though Lucid is pretty much always compared to Tesla, and the Model S to be specific, Rowlinson says that they are the first EV manufacturer to take on the luxury giants like Mercedes-Benz, Porsche, and BMW. Their edge? More range, high-quality sustainable materials, and less costly. We believe that!
Article based on source: Arab News