Power consumption of 7.4 kWh per 62 miles made this the Mercedes Vision EQXX’s most efficient long-range drive to date
Located next to the world’s fastest rollercoaster, the Qiddiya Speed Park Track is expected to join the F1 calendar in 2027
Saudi Arabia wants to produce 500,000 EVs annually by 2030. So far they’ve managed 800
Saudi Arabia wants to become a hub of automotive manufacturing and Hyundai will open a plant in the country in 2026
Lucid looks set to fall short of its goal of building 10,000 vehicles this year
The plant is Saudi Arabia’s first automotive manufacturing facility and its location isn’t surprising as Lucid is effectively a Saudi-owned company
The Saudi Arabian government has already committed to buying 50,000 EVs from Lucid over the next decade
Lucid will use the extra $3 billion for capital expenditures, working capital, and more
The Saudi Prince originally paid the equivalent of $186,000 in today’s money for the unique Mini
Gerrit Marx thinks push to e-fuels and EVs will “turn Europe into Cuba,” its roads dominated by old cars
Nations typically associated with oil production or dependence are now gearing up for an EV future
Foxconn plans to start building its first EVs created with the Saudis in 2025
Saudi Arabia’s EV brand, dubbed Ceer, will license component technology from BMW
Saudi Arabia’s Public Investment Fund owns 61 per cent of Lucid’s common stock
The Saudi Public Investment Fund owns a 61 percent stake in Lucid Motors
And prove that even billionaires mistakenly rely on handshake deals sometimes
The race will continue as scheduled but F1 is in communication with teams and drivers
Saudi Arabia’s Public Investment Fund is a key investor in Lucid
