Lucid Motors is ready to start EV production in Saudi Arabia

After a busy 2025, Lucid Motors is now getting ready to start full-scale production at its new factory in Saudi Arabia. This is part of the company's new plan to build many more EVs in the local markets and sell them to people all over the world.

Lucid's boss, Marc Winterhoff, recently spoke at a meeting in Riyadh, the capital of Saudi Arabia. He confirmed that the company is on track to start making complete cars at its new plant in 2026. The factory is located in King Abdullah Economic City, a special economic area right on the Red Sea.

Up until now, the company only put together cars that were partly built in the US and then imported to Saudi Arabia. But starting soon, the factory will handle the whole production process. Lucid has already started moving heavy machines and equipment into the new building to get ready. The goal is to grow the business until it can make 150,000 electric cars every year by 2029.

The company did well last year. In the last three months of 2025 alone, Lucid made over 8,400 EVs. For the whole year, they produced 18,378 vehicles. This was more than double the 9,000 cars they made in 2024. Even though they had to lower their goals earlier in the year, they still hit their final target of 18,000 cars.

Lucid is currently the only company selling cars made in Saudi Arabia, but they won't be alone for long. Big names like Hyundai are also planning to build cars there. There is even a local brand called Ceer that is working on its first electric car. These companies want to take advantage of the 0% tax and other deals the Saudi government is offering in its special economic zones.

Lucid is known for making luxury electric cars like the Lucid Air and the new Lucid Gravity SUV. These cars are packed with high-tech features which proved to be a bit of a bother for the Gravity when it launched. The company had to reshuffle entire teams but claims the problems are now being fixed.

The Gravity is a large SUV that can fit seven adults, and it has a massive battery that allows it to drive for up to 450 miles on a single charge. It is also very fast - it can go from 0 to 62 mph in just 3.6 seconds. If you are in a hurry, it can charge enough to go 199 miles in less than 11 minutes. The price for this luxury starts around $79,900 for the mid-range model. The smaller Lucid Air sedan is a bit cheaper, starting at $69,900 in the US.

While Lucid is building more cars than ever, it is still spending a lot more money than it brings in. The Public Investment Fund (PIF) of Saudi Arabia owns more than half of the company, and it has already given Lucid over $8 billion since 2018. The company already said it might not get more money from the PIF soon, meaning Lucid needs to find other people to invest in it or start making a profit by selling more EVs.

The company is also working on a new "midsize" car that should be cheaper than their current models. This car is expected to start production by the end of 2026. If they can sell this new car for around $50,000, many more people might be willing to buy one, which would help the company grow even faster and maybe even compete with brands like Tesla.

But why is Lucid making cars in Saudi Arabia? That's because Saudi Arabia wants to stop relying only on oil to make money. This is part of a plan called Vision 2030. They want 30% of all cars in Riyadh to be electric by the year 2030, and to make this happen, they are building 5,000 fast chargers across the country. By helping companies like Lucid, the country hopes to become a hub for making and exporting EVs to other parts of the world.

Lucid will share more news about its money and sales on February 24. For now, the company is focused on its new factory and getting more EVs on the road. With new models like the Lucid Gravity and the upcoming midsize car, the next few years will be very important for the brand's success.

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