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Electric carmaker Lucid Motors plans to build an EV plant in Saudi Arabia

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Corporate developments

Lucid Motors has planned a ramp up to achieve a production capacity of up to 90,000 EVs per year by the end of 2023

Electric carmaker Lucid Motors is planning to set up an EV plant in Saudi Arabia by 2025-2026 and is in the process of negotiating details with the ministries in the kingdom, according to a report published by Bloomberg Quint on 13 January 2022.

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