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Saudi government orders 100,000 Lucid luxury electric cars

Lucid Air Dream Edition

The Saudi Arabian (Saudi Arabia) government is quite active in investing in Western companies, one of which was an earlier injection of $1 billion in exchange for a 62% stake in luxury electric car brand Lucid. Now there is another big order, that is, the Saudi government announced to subscribe Lucid for up to 100,000 electric vehicles in the next 10 years, including at least 50,000 Air RVs and an additional 50,000 new models launched before 2023. right.

In addition to producing in the Arizona plant, Lucid also plans to set up a plant in Saudi Arabia. It is expected to start production at a rate of 1,000 to 2,000 vehicles per year next year, and an annual output of 4,000 to 7,000 vehicles in 2025. Back to Lucid’s models, including the off-the-line Air Dream Edition Performance Touring, a premium 1,111-hp, 450-mile range priced at $169,000, the $139,000 Air Grand Touring, the $95,000 Air Touring and $80,000 Air, you can roughly estimate the amount of the Saudi government’s order this time.

However, Saudi Arabia’s main product is still exporting oil, so even if they have the so-called Saudi Vision 2030 zero-emission vision, they will continue to drill for oil in the name of a “circular carbon economy”, which has drawn criticism from environmentalists.