The Californian company is preparing the debut of a Sport Utility Vehicle with a price around 50 thousand dollars: it will be manufactured in the Jeddah plant
Even theSaudi Arabia officially enters the group of car producing countries, through an electric car destined to compete with none other than the best seller Tesla Model Y. The name to be associated with the image is still missing, even if this has already been released by the American company Polished on his social profiles. It will not be built in Newark, California, where Lucid is based, but at the plant in the King Salman Automotive Cluster in Jeddahin Saudi Arabia. It is no coincidence, considering how the latter has supported the financial fortunes of Lucid in recent years through its public Sovereign Fund. Founded in 2016, it has certainly had a long and more tortuous path than its designated rival Tesla. The purely economic events are also very different, with Lucid selling in 2025 15,841 vehicles, with an increase of 55% compared to 2024, but which still did not allow him to avoid net losses for 2.7 billion dollars.
for many but not for all
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The Casa Grande plant, in Arizona, dedicated an hour to the creation of the sedan Air and the SUV Gravitythe latter reaching up to 839 HP of power and 748 km/h of declared autonomy. According to the company, the arrival of a third electric model, with a more contained price list and around 50 thousand dollars, could allow it to reach the quota of 25 thousand vehicles delivered every year, while increasing profits. The car will aim directly to compete with Tesla Model Y, thanks to a completely new mechanical platform designed to reduce costs and is expected for 2027.
