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Will lucid expand to the Middle East?

Lucid previously announced that production of its second vehicle, the Gravity SUV, will begin later this year. It wouldn’t be surprising for Lucid to further expand into the Middle East, as Saudi Arabia’s Public Investment Fund (PIF) and subsidiary Ayar Third Investment Company are the largest shareholders of the company.

How much EV revenue will lucid make in 2024?

Meanwhile, UAE EV revenue for 2024 is expected to be $270.3 million, according to Statista. Assuming Lucid receives 5% of that revenue would add $13.52 million of sales for the company. Lucid reported first-quarter revenue of $172.7 million.

Does lucid make a car?

Lucid’s studios offer customers the chance to experience and learn about the the Lucid Air, which is currently the company’s only vehicle. Lucid previously announced that production of its second vehicle, the Gravity SUV, will begin later this year.

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