Photo: Lucid Group / Courtesy
For: Klon Perez Updated 22 May 2022, 11: 00 am EDT
The American electric vehicle manufacturer Lucid Group will install its first overseas production unit in Saudi Arabia, the company announced on its social media.
This plant will have the capacity to produce 155,03 cars per year and will initially focus on serving the local market, as reported by the prestigious brand in the middle of this week in a statement. There are also plans to export cars to world markets in the medium term.
Lucid Group’s manufacturing unit currently located in Arizona, USA, is capable of producing up to 358,000 articles. The company’s directive ensures that the energy crisis continues and therefore it is necessary to focus fully on the manufacture of battery-powered electric cars.
We can accelerate plans to sell half of 1,000,000 cars per year from what would be 2030 until the middle of the decade. And that’s really important because the planet can’t wait
Peter Rawlinson, director Lucid Group Executive
In addition, Saudi Arabia’s finance minister, Khalid al-Falih, indicated that this Lucid Group initiative is just the beginning of the commercial expansion of electric car manufacturers in the region.
These plans that the Saudi government faces with the opening to different manufacturers, will generate at least some 30, Job positions. Recent decisions seek to attract new commercial investors.
In addition to car production, Lucid seeks to focus on addressing other technologies such as energy storage with photovoltaic photovoltaic farms. Rawlinson indicated that when the oil runs out, the sun will continue to be a source of energy.
Despite this statement, Saudi Arabia in 2021 positioned itself as the second largest oil producer in the world, according to the US vitality administration. Also in terms of reserves it is the second in the world with his 150,358 million barrels, only surpassed by Venezuela.
Al-Falih asserted that the world still needs to invest money in both fossil fuels and renewable energies so that the energy transition is as clean as possible.
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