Ceer revealed EXOBOT on Monday, the new flagship electric SUV and sedan from Saudi Arabia’s first EV brand and auto manufacturer.
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Lucid Motors is peppering the public with press releases this morning, sharing a slew of exciting updates. In addition to naming its next CEO, Lucid has confirmed a new funding raise totaling over 1 billion dollars, consisting of a registered public offering of common stock, plus increased investments from existing partners like Uber.
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It’s not a Hyundai, BMW, or Rimac, but it uses components from all three. Ceer is a new EV brand, and its first vehicle was just spotted out in public with a design that’s… unique, to say the least.
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Saudi Arabia has its sights set on shuttling people around its desert megacity on flying electric boats. While it may sound like science fiction, the wings are already in motion. To achieve its goal, Saudi Arabia even already purchased eight of the Swedish electric boatmaker Candela’s new P-12 electric ferries.
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Saudi Arabia Holding Co. has announced plans to deploy thousands of “automatic” single—and dual-seat eCopter aircraft from FlyNow Aviation to transport the public during the upcoming Riyadh Expo 2030. These unique electric aircraft will begin with cargo before flying actual people around the kingdom.
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Autonomous robotaxi startup Pony.ai continues to expand the reach of its autonomous operations – this time venturing outside of China into the NEOM development of northwest Saudi Arabia. The company announced a new joint venture with NEOM today that includes an $100 million investment to establish a local presence and implement robotaxi rides across the Middle East.
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Hyundai and Saudi Arabia’s Public Investment Fund (PIF) announced plans Monday to establish a new auto manufacturing plant in “The Kingdom.”
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California-based EV startup Lucid Motors (LCID) just gained its operating license to begin EV production in one of Saudi Arabia’s special economic zones.
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Korea’s top automaker, Hyundai, is looking to tap into Saudi Arabia’s post-oil era with a dedicated EV assembly plant in the region.
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A Saudi Arabian company has installed the largest wind turbine in Central Asia, in the Bukhara region of Uzbekistan.
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American EV maker Lucid Motors (LCID) is expanding overseas. Lucid’s EVs are now available for lease for the first time in Saudi Arabia.
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Canoo (GOEV) is making good on its promise to bring EVs to everyone with a new distributor partnership that will expand its network to Saudi Arabia.
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One of the last nations you would expect to join the electric vehicle revolution, Saudi Arabia, has announced its intentions to build and export EVs. The world’s largest oil-exporting nation, Saudi Arabia, aims to export over 150,000 EVs in 2026.
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Lucid Group has announced a new agreement with long-time supporter Saudi Arabia and its Ministry of Finance. Under the terms of the agreement, the Government of Saudi Arabia has committed to purchasing 50,000 EVs from Lucid Motors over the next ten years, with the option to purchase an additional 50k over that same timeframe.
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Lucid Motors shared 4Q and 2021 financial earnings with investors today, alongside a 2022 outlook. While the automaker only delivered 125 of its flagship Air sedan in 2021, it has already surpassed that number in 2022. However, overall output is expected to be quite a bit lower than originally anticipated. Lucid now expects to produce 12,000–14,000 EVs this year, down quite a bit from previous estimates of 20,000.
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