Daily Management Review

Saudi Arabia decides to support Tesla rival


Saudi Arabia has signed a contract with US electric car maker Lucid Company to buy up to 100,000 Lucid Air electric vehicles over ten years.

Automotive Rhythms
Automotive Rhythms
Lucid Air, the rival to Tesla electric car, was launched last autumn.

In order to diversify the vehicle fleet and spread eco-friendly transport, Saudi Arabia has signed an agreement with Lucid Company to purchase up to 100,000 electric vehicles over ten years.

The deal comes as part of Saudi Crown Prince Mohammed bin Salman's proposed "green Saudi Arabia" and "green Middle East" environmental initiatives.

source: reuters.com