This morning, the Public Investment Fund (PIF), which is the majority shareholder in Lucid Motors, released a new video about the King Abdullah Economic City (KAEC) in Saudi Arabia. The video emphasizes the significance of Lucid Motors, as well as partners like Ceer Automotive, Hyundai, and Pirelli in relation to Vision 2030.

Lucid Motors Middle East shared a video showcasing recent milestones and updates regarding the progress of the Advanced Manufacturing Plant (AMP-2) in the region. The vertical construction and further expansion of phase two of AMP-2 will one day allow the production of 150,000 electric vehicles annually.

It’s exciting to witness the ongoing growth of the AMP-2 facility, along with the consistent and unwavering support from the PIF. It is evident that the PIF fully endorses the mission of Lucid Motors and plays a crucial role in the long-term success of the country