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.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close
Hyundai and Saudi Arabia’s Public Investment Fund (PIF) announced plans Monday to establish a new auto manufacturing plant in “The Kingdom.”
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close
A Saudi Arabian company has installed the largest wind turbine in Central Asia, in the Bukhara region of Uzbekistan.
Expand Expanding Close
American EV maker Lucid Motors (LCID) is expanding overseas. Lucid’s EVs are now available for lease for the first time in Saudi Arabia.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close