American electric vehicle manufacturer Lucid Group Inc has reportedly planned to build its first plant outside the United States in Saudi Arabia.
The manufacturing plant will have the capacity to manufacture 155,000 vehicles a year and will initially cater to the local market. Later, the vehicles will be exported to international markets.
It is worth noting that Lucid’s facility in Arizona can manufacture 350,000 units a year.
According to Chief Executive Officer Peter Rawlinson, the new facility will enable the company to expedite plans to manufacture close to half a million cars a year