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Saudi EV Plant Likely to Be One of Three in Kingdom, Says Investment Minister

25 May 2022 | Abstracted from US News

"United States-based EV maker Lucid Motors, which is more than 60% owned by Saudi Arabia's sovereign wealth fund, plans to build its first overseas production factory in Saudi Arabia later this year. The plant is expected eventually to produce up to 150,000 vehicles a year."

Speaking at Davos, Falih did not reveal who the other plants might be built for.



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