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Lucid's Dual Strategy: Strong Saudi Expansion in Manufacturing Amid Slowing Global Demand for Electric Vehicles
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1 Articles
Lucid Group, the luxury electric vehicle manufacturer backed by Saudi Arabia’s Public Investment Fund (PIF), is implementing a strategic expansion plan in the Middle East. This plan aims to establish Saudi Arabia as a pivotal global hub for electric vehicle manufacturing and retail, despite the company acknowledging a significant slowdown in demand for electric vehicles in key markets such as the United States and Europe. Saudi Arabia: Lucid’s G…
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