Saudi Arabia

10 'Saudi Arabia' stories February 2022 - October 2023

Pony.ai secures $100 million investment to bring autonomous rides to NEOM and Middle East

Scooter Doll Oct 25 2023 - 9:00 am PT

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 follows Lucid partnering with Saudi’s PIF to build a new manufacturing plant

Peter Johnson Oct 23 2023 - 7:56 am PT

4 Comments

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

Lucid (LCID) obtains license to begin EV production in Saudi’s economic megacity

Peter Johnson Sep 22 2023 - 12:20 pm PT

27 Comments

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

Hyundai sets sights on Saudi Arabian EV plant to spearhead Middle Eastern rollout

Peter Johnson Sep 18 2023 - 11:19 am PT

8 Comments

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

The Saudis just installed the largest wind turbine in Central Asia

Michelle Lewis Aug 9 2023 - 8:50 am PT

4 Comments

A Saudi Arabian company has installed the largest wind turbine in Central Asia, in the Bukhara region of Uzbekistan.

Expand Expanding Close

Lucid (LCID) EVs are available for lease for the first time in Saudi Arabia

Peter Johnson Jul 18 2023 - 3:41 pm PT

12 Comments

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 bringing its EVs to Saudi Arabia with new exclusive distributor partnership

Peter Johnson Jan 25 2023 - 7:03 am PT

13 Comments

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

Saudi Arabia

The world’s largest oil exporting nation targets 150,000 EV exports in 2026

Peter Johnson Oct 21 2022 - 11:29 am PT

0 Comments

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 Motors announces agreement with Gov’t of Saudi Arabia to purchase up to 100k EVs over the next decade

Scooter Doll Apr 26 2022 - 3:04 pm PT

0 Comments

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’ Q4 earnings: 125 Air deliveries in 2021, 2022 production estimates slashed as much as 40% due to ‘supply chain constraints’

Scooter Doll Feb 28 2022 - 3:07 pm PT

0 Comments

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