Automotive

Saudi Government Orders 100,000 Vehicles From Lucid

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Saudi Government Orders 100,000 Vehicles From Lucid

Saudi Arabia is a significant investor in EV start-up Lucid. The company received a boost from the Saudi government, which agreed to purchase up to 100K vehicles over the next ten years. 

Up to? The deal will guarantee 50K purchases, with an option for an additional 50K left over to the Ministry of Finance. Deliveries will begin next year.

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