Luxurious automaker Lucid Group Inc LCID is to launch a devoted safety automobile for the Saudi Arabian police power, if on-line murmurs are to be believed, in an initiative that would deepen the corporate’s already significant ties with the Kingdom.
What Occurred: As per Drive Tesla, Lucid, of which the Saudi Kingdom’s sovereign wealth fund owns over 60%, will quickly roll out a safety automobile particularly for the Saudi police.
The report was based mostly on a few social media posts seen on Reddit and Twitter. Lucid didn’t instantly reply to Benzinga’s request for remark.
The rumors come shut on the heels of Lucid’s new manufacturing unit, AMP-2, in Saudi Arabia, which reassembles Air sedans initially constructed at AMP-1 in Arizona.
The Lucid Air can also be reportedly set to affix the Kingdom’s police power. Whereas Lucid has not formally introduced the enterprise, it intends to launch its police automotive on the World Protection Present in Riyadh, beginning on Feb. 4.
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Intriguingly, the Lucid police automotive is already in use in Saudi Arabia, with sightings reported within the King’s motorcade final week. The automobile, shrouded in plastic to guard it from mud, is stationed on the World Protection Present, prepared for its formal introduction.
Why It Issues: The Public Funding Fund (PIF) of Saudi Arabia, led by Prince Mohammed bin Salman, which is almost all proprietor of Lucid, lately introduced a multi-year partnership with Formulation E, Excessive E, and E1. This alliance, dubbed the Electrical 360 partnership, goals to gasoline the expansion of electrical motorsports.
Again in April 2022, Lucid secured a take care of the Saudi authorities to sell up to 100,000 EVs over the forthcoming decade. These strategic strikes underline the rising relationship between Lucid and Saudi Arabia, which is now set to develop with Lucid’s devoted safety automobile for the Saudi police power.
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