Lucid Group, Saudi Arabia agree to 100,000 EV fleet deal

Credit: Lucid Group

Lucid Group announced today that it had reached an agreement with the Government of Saudi Arabia to purchase up to 100,000 electric vehicles from the automaker over ten years. The deal will start with an initial commitment of at least 50,000 vehicles with the option to purchase 50,000 additional cars over the same period.

“Delivering up to 100,000 Lucid electric vehicles in Saudi Arabia represents another pivotal moment in our acceleration of sustainable transportation worldwide,” Lucid Group CEO Peter Rawlinson said. “We are delighted to be supporting Saudi Arabia in achieving its sustainability goals and net-zero ambitions, as outlined by Saudi Vision 2030 and the Saudi Green Initiative, by bringing our advanced luxury EVs to Saudi Arabia.”

Lucid and Saudi Arabia have had ties since before the automaker started deliveries of its first all-electric car, the Lucid Air Dream Edition. In March 2021, Lucid and Saudi Arabia came to a deal that would see the automaker launch a new electric vehicle production plant in the country. The commitment was made after Lucid accepted a financing package worth over $1 billion from the Saudi Pacific Fund in 2018. In March, Lucid solidified plans for its first production facility outside of the United States with a 150,000 production capacity facility in Saudi Arabia.

“Lucid aspires to be a catalyst for change wherever we go, so it makes perfect sense that we are bringing electric vehicles to one of the world’s biggest oil-producing nations,” Rawlinson said regarding the deal. “Establishing a global manufacturing footprint is a practical, natural step and enables us to grow our brand, scale our business, and address worldwide and untapped market demand on an entirely new level, while also taking action to address climate change through inspiring sustainable transportation.”

The deal between Lucid and Saudi Arabia includes a pledge from the country to buy Lucid Air vehicles, along with future models the automaker plans to offer in the coming years. Order quantity is expected to range from 1,000 to 2,000 vehicles annually, with increases to between 4,000 and 7,000 cars by 2025. The automaker said that delivery will commence no later than the second quarter of 2023, with vehicles being built at both the AMP-1 facility in Arizona and the future manufacturing facility in Saudi Arabia.

The partnership also surges Saudi Arabia and Lucid’s need for employees at its future plant. The deal will “provide thousands of highly skilled job opportunities and provide economic benefit to the Kingdom in line with Vision 2030.

Pricing of the vehicles will be determined based on the lower standard retail price for the applicable vehicle in Saudi Arabia and the standard retail price for the applicable vehicle in the United States, Lucid said. It will also include logistics and importation costs.

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Joey Klender: Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his time at TESLARATI, Joey has broken several big stories, including the first images of the Tesla Model S Plaid, the imminent release of the 4680 Model Y through EPA certification, and several expansions to the Lucid AMP-1 factory in Arizona, to name a few. His stories have been featured in several publications, including Yahoo! Finance, Fox News, CNET, and Seeking Alpha. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at He is also on Twitter @KlenderJoey.
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