Saudi Arabia signs an agreement to buy up to 100,000 Lucid EVs

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Saudi Arabia signs an agreement to buy up to 100,000 Lucid EVs
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that the company and the world’s largest oil exporter, the Government of Saudi Arabia, have signed an agreement concerning the purchase of 100,000 electric vehicles.

Rawlinson continued,"We are delighted to be supporting Saudi Arabia in achieving its sustainability goals and net zero ambitions, as outlined by Saudi Vision 2030 and the Saudi Green Initiative, by bringing our advanced luxury EVs to Saudi Arabia." In 2018, Lucid received a massive influx of funding from the Public Investment Fund of Saudi Arabia , which owns 61 percent of Lucid. More recently in 2021, the company secured

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