Lucid Air EV

Lucid Motors is ready to start EV production in Saudi Arabia

After a busy 2025, Lucid Motors is now getting ready to start full-scale production at its new factory in Saudi Arabia. This is part of the company's new plan to build many more EVs in the local markets and sell them to people all over the world.

Lucid's boss, Marc Winterhoff, recently spoke at a meeting in Riyadh, the capital of Saudi Arabia. He confirmed that the company is on track to start making complete cars at its new plant in 2026. The factory is located in King Abdullah Economic City, a special economic area right on the Red Sea.

Up until now, the company only put together cars that were partly built in the US and then imported to Saudi Arabia. But starting soon, the factory will handle the whole production process. Lucid has already started moving heavy machines and equipment into the new building to get ready. The goal is to grow the business until it can make 150,000 electric cars every year by 2029.

The company did well last year. In the last three months of 2025 alone, Lucid made over 8,400 EVs. For the whole year, they produced 18,378 vehicles. This was more than double the 9,000 cars they made in 2024. Even though they had to lower their goals earlier in the year, they still hit their final target of 18,000 cars.

Lucid is currently the only company selling cars made in Saudi Arabia, but they won't be alone for long. Big names like Hyundai are also planning to build cars there. There is even a local brand called Ceer that is working on its first electric car. These companies want to take advantage of the 0% tax and other deals the Saudi government is offering in its special economic zones.

Lucid is known for making luxury electric cars like the Lucid Air and the new Lucid Gravity SUV. These cars are packed with high-tech features which proved to be a bit of a bother for the Gravity when it launched. The company had to reshuffle entire teams but claims the problems are now being fixed.

www.arenaev.com

Lucid Motors is ready to start EV production in Saudi Arabia

Lucid Group is expanding its reach by launching full-scale production of its high-tech electric cars in Saudi Arabia this year.
www.arenaev.com www.arenaev.com

1768478030803.png
 
Lucid Motors trims staff, moves focus to future affordable SUV

Lucid Motors is making big changes to its team. The electric car company announced it is cutting its workforce by 12%. This decision was revealed by an internal memo shared with employees. Unsurprisingly, the company wants to make its operations run smoother and save money. Losing a job is never good news, but Lucid says this decision is necessary to help the brand finally start making a profit.

Even though many people are leaving, the workers who build the cars are staying. The layoffs do not include hourly employees in manufacturing, logistics, or quality control. This means the people actually putting the electric cars together are still on the job. Based on the 6,800 full-time workers Lucid had at the end of 2024, these cuts likely affect several hundred people and it means the company is trying to keep its factories running at full speed while thinning out the office staff.

Marc Winterhoff, who is currently leading the company as interim CEO, sent a message to the team about the news. He mentioned that saying goodbye to coworkers is a difficult task. To help those leaving, Lucid is offering severance pay, bonuses, and health benefits. They are also providing support to help these workers find new jobs. It is a tough time for the company, especially since they still do not have a permanent CEO after Peter Rawlinson left in early 2025.

The timing of these cuts is interesting because Lucid is very busy right now with the production of the Lucid Gravity still ramping up. This large SUV is a major part of their plan to grow. In the beginning, the company had some trouble making the Gravity quickly and keeping the quality high. Those issues have now been fixed, and the production numbers have already doubled. Keeping the factory workers on board shows that the Lucid Gravity remains a top priority.

 
Lucid Motors targets affordable EV market with new Cosmos and Earth models

Lucid Motors has been making expensive, high-end electric cars like the Air sedan or the Gravity SUV, but now, the company wants to build EVs that more people can afford. During a meeting with investors, Lucid shared plans for a new midsize platform, which will help them build EVs that cost less than €43,000. For a brand that usually sells cars for over $100,000, this is a big change.

The company announced the names of its next two vehicles: the Lucid Cosmos and the Lucid Earth. These models are smaller than the current Air and the Gravity. Lucid also mentioned a third vehicle is coming later, but they haven't picked a name for it yet. This mystery model looks like it will be a very large vehicle, almost like a van.

To make these new electric cars cheaper, Lucid is changing how it builds them. The engineers found ways to use fewer parts and simpler manufacturing. One of the biggest updates is a new motor called "Atlas." This motor is smaller and lighter than the ones used by the company now. It also uses 30% fewer parts, and because it is easier to make, it costs Lucid much less money to build each car.

Battery packs are usually the most expensive part of any EV, and Lucid plans to save money here, too. The company is known for making very efficient cars that go a long way on a single charge. Because the technology is so good, Lucid can use smaller, lighter batteries. These smaller batteries can still reach the same driving range as competitors who use much bigger, heavier ones. This trick helps lower the price of each car by thousands of dollars.

www.arenaev.com

Lucid Motors targets affordable EV market with new Cosmos and Earth models

Lucid Motors is launching a new midsize platform featuring the Cosmos and Earth models to bring high-performance electric cars to drivers for under {{$50,000}}.
www.arenaev.com www.arenaev.com

1773473122617.png
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X