Lucid Plans To Build Saudi EV Factory by 2026: Chairman

The transcript covers Lucid's plans to establish a factory in Riyadh, their production achievements and supply chain challenges, and their strategy for entering the European market. It also touches on an investigation involving Lucid and discusses Saudi Arabia's economic diversification efforts, including potential privatization of Aramco assets.

What is the expected timeline for Lucid Motors to establish a factory in Riyadh?

• 2025-2026

• 2023-2024

• 2029-2030

• 2027-2028

Which market is Lucid Motors focusing on with its luxury car that boasts a 525-mile range?

• Australia

• Europe

• Asia

• Africa

What is the European Commission investigating regarding Lucid Motors?

• Its luxury car range

• Its factory plans in Riyadh

• Its merger with Churchill Capital

• Its supply chain issues

What is a key aspect of Saudi Arabia's Vision 2030?

• Encouraging private sector involvement

• Reducing foreign investment

• Focusing solely on oil exports

• Increasing state ownership

What sector is Aramco planning to expand into as part of its future strategy?

• Telecommunications

• Renewable energy

• Petrochemicals

• Automotive