Luxury automaker Lucid Group Inc LCID is reportedly developing a dedicated security vehicle for the Saudi Arabian police force. This initiative could further deepen the company’s longstanding ties with the Kingdom.
Online Murmurs: According to Drive Tesla, Lucid, in which the Saudi Kingdom’s sovereign wealth fund holds over 60% ownership, is poised to introduce a security vehicle tailored for the Saudi police.
The report originated from social media posts on Reddit and Twitter. Lucid has not immediately responded to Benzinga’s request for comment.
These rumors surface shortly following the inauguration of Lucid’s new manufacturing facility, AMP-2, in Saudi Arabia, which remanufactures Air sedans initially assembled at AMP-1 in Arizona.
The Lucid Air is also said to be joining the Kingdom’s police force, with intentions to unveil the police car at the World Defense Show in Riyadh, commencing on Feb. 4.
Intriguingly, the Lucid police car has been spotted in use in Saudi Arabia, reportedly seen in the King’s motorcade last week. The vehicle, covered in protective plastic, stands ready at the World Defense Show for its official introduction.
Significance: The Public Investment Fund (PIF) of Saudi Arabia, led by Prince Mohammed bin Salman, the majority owner of Lucid, recently announced a multi-year collaboration with Formula E, Extreme E, and E1. This partnership, dubbed the Electric 360 alliance, aims to spur the growth of electric motorsports.
In April 2022, Lucid cemented a deal with the Saudi government to sell up to 100,000 EVs over the next decade. These strategic moves underscore the growing rapport between Lucid and Saudi Arabia, which is now poised to expand with the development of a dedicated security vehicle for the Saudi police force.
Engineered by
Benzinga Neuro, Edited by
Ramakrishnan M
The GPT-4-based Benzinga Neuro content generation system harnesses the extensive Benzinga Ecosystem, including native data, APIs, and more to craft comprehensive and timely stories.
Learn more.