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<\/p>\nAin Alalam – Rashad Iskandrni<\/p>\n
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Lucid Group, Inc. (NASDAQ: LCID), maker of the world\u2019s most advanced electric vehicles (EV), announced today its membership in the \u2018Made in Saudi\u2019 program. With Lucid\u2019s in-country assembly of the award-winning Lucid Air and growing presence in Saudi Arabia, this affiliation grants Lucid the privilege to feature the Saudi Made logo, a symbol of excellence, authenticity and pride within the country.<\/p>\n
This milestone reflects Lucid\u2019s unwavering dedication to the Kingdom, demonstrated by the company\u2019s strides in local workforce development with over 65 percent of roles filled by Saudi nationals, as well as its active participation in HRDF and NAVA educational and on-site training programs, and its leadership in sustainable automotive innovation. Lucid has also played a pivotal role in leading the country\u2019s sustainable automotive innovation, underscored by Lucid\u2019s manufacturing facility in King Abdullah Economic City. The facility, which recently celebrated its first anniversary in September 2024, features a semi knocked-down assembly operation center and is undergoing an expansion to include a completely-built-up assembly operation, marking a transformative step toward enhancing local production capabilities.<\/p>\n
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From his side, His Excellency the Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, emphasized that Lucid’s inclusion in the \u2018Made in Saudi\u2019 program as the first automotive manufacturer to receive the \u2018Saudi Made\u2019 label reflects the strategic transformation underway in the Kingdom to establish a comprehensive ecosystem for electric vehicle manufacturing. This aligns with the goals of the National Industrial Strategy, which focuses on empowering promising sectors and attracting high-quality investments in advanced industries.<\/p>\n
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His Excellency explained that the Kingdom has now become a key destination for electric vehicle manufacturing, supported by modern infrastructure, incentive policies, and qualified human resources. He noted that the presence of major companies in the Saudi market, such as Lucid, enhances the Kingdom\u2019s role as a global hub for future industries. This contributes to increasing local content, boosting non-oil exports, localizing industries, and transferring knowledge.<\/p>\n
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Al-Khorayef also highlighted that the industry and mineral resources ecosystem is committed to developing an investment environment that supports leading companies and enables them to contribute to achieving industrial transformation and innovation, which are at the heart of the Kingdom\u2019s vision for a sustainable future rooted in modern technologies.<\/p>\n
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“We\u2019re delighted to achieve Saudi Made membership and the right to use the Saudi Made logo \u2013 a true badge of honor \u2013 for our vehicles assembled right here in King Abdullah Economic City,” said Faisal Sultan, Vice President and Managing Director Middle East at Lucid. “Lucid strives to embody everything Saudi Made stands for \u2013 quality and excellence; authenticity of identity and heritage; sustainability for the future; and a focus on striving for innovation. As Saudi Arabia focuses on expanding access to electric vehicles, Lucid aims to offer even more customers access to the world\u2019s most advanced electric vehicle.”<\/p>\n
The Saudi Made program, an initiative led by the Saudi Export Development Authority (SAUDI EXPORTS) under the National Industrial Development and Logistics Program (NIDLP), aims to support local businesses by encouraging consumers to choose locally made products and assisting companies in increasing their exports to priority markets.<\/p>\n
\u00a0Lucid\u2019s local presence extends beyond its manufacturing facility. The company operates two digitally oriented studios in Saudi Arabia, in addition to two service centers in Riyadh and Jeddah, providing customers with unparalleled access to Lucid\u2019s cutting-edge EV technology. Furthermore, Lucid\u2019s partnerships with organizations such as the Public Investment Fund (PIF), King Abdulaziz City for Science and Technology (KACST), King Abdullah University of Science and Technology (KAUST), and the Electric Vehicle Infrastructure Company (EVIQ) are pivotal in advancing battery technology, adapting EVs to local conditions, and driving the development of fast-charging networks.<\/p>\n
By sharing knowledge and expertise through these strategic collaborations, Lucid is not only advancing research and innovation but also actively contributing to the Kingdom\u2019s economic diversification.<\/p>\n[\/mhc_text][\/mhc_column][\/mhc_row][\/mhc_section]\n","protected":false},"excerpt":{"rendered":"
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