Riyadh - Sharikat Mubasher: Lucid, the global manufacturer of luxury electric vehicles (EVs), plans to start manufacturing cars in Saudi Arabia by the end of 2026, according to Interim Chief Executive Officer Marc Winterhoff.
The EV maker plans to transition from assembly to full-scale vehicle manufacturing at a new facility near Jeddah, contributing to the Kingdom’s ambitions to create a domestic auto manufacturing hub and reduce imports, Winterhoff stated in an interview with Bloomberg on the sidelines of the Future Minerals Forum 2026.
He stated that the company has already begun moving equipment, adding that the output will ramp up gradually in 2027 and 2028 before the plant reaches its full capacity of 150,000 vehicles in 2029.
Lucid is taking bold moves to establish a formidable presence in Saudi Arabia, anchored by a strategic partnership with the Public Investment Fund (PIF). In October 2025, the EV maker announced the successful production of over 3,800 vehicles, with more than 1,000 additional vehicles built for Saudi Arabia.
It also launched the first Innovation Center for EV in the Middle East in partnership with King Abdulaziz City for Science and Technology (KACST). This new center enables Lucid to expand its engineering capabilities in the Kingdom, advancing efficiency, localizing key components, and developing solutions tailored to Saudi conditions.