And according to what the “Saudi Shaft” website mentioned in an article that was re-published by the Saudi Public Investment Fund on its official account on Twitter, the car that was developed three years ago will be unveiled in next April.
The Lucidair will be the first car launched by the Electric Vehicle Company, which the Public Investment Fund invested in $ 1 billion in September 2018.
It is scheduled that the price of the new car that aspires to compete with the cars of “Tesla” company starts from 60 thousand dollars, or about 225 thousand Saudi riyals, but the price of the modified models may exceed 100 thousand dollars.
The interior design of the car will be characterized by leather seats and wooden additions, as the design of the rear seats is inspired by the aircraft seats, to be extendable and thus save a lot of legroom.
The car also adopts the use of many innovative technologies, including futuristic headlights that use so-called taper lenses and self-driving sensors.
The company is currently adopting manufacturing at its main factory located in the US state of Arizona, but Lucid Motors is also planning to transfer its auto manufacturing operations to Saudi Arabia in the future, according to the Saudi Shaft website, which specializes in car news.
The Lucid Air was first announced in 2017 when its initial version was shown at the Las Vegas Electronic Products Show.
Lucid Motors is seeking to compete with the famous Tesla company in the field of environmentally friendly electric cars, as CEO of Lucid Motors, Peter Rollinson – who worked on developing the Tesla Model S – in an earlier interview with CNN, said: There will be a major shift to electric transmission, he said, adding that the electric car market is still intangible, and that Tesla actually has no competitor in the current market.