Luxury automaker Lucid Group Inc (LCID) is reportedly set to launch a dedicated security vehicle for the Saudi Arabian police force, further strengthening its ties with the Kingdom. The rumors of this initiative were sparked by social media posts on Reddit and Twitter, although Lucid has not officially confirmed the venture.
The significance of this development lies in the fact that the Saudi Kingdom’s sovereign wealth fund owns over 60% of Lucid. It also comes shortly after the opening of Lucid’s new manufacturing unit, AMP-2, in Saudi Arabia, where Air sedans are being assembled. The introduction of a security vehicle for the Saudi police force could further solidify Lucid’s presence and influence in the Kingdom.
Interestingly, the Lucid police car has already been spotted in use in Saudi Arabia, with sightings reported in the King’s motorcade. The vehicle is currently stationed at the World Defense Show in Riyadh, awaiting its formal introduction.
The close association between Lucid and Saudi Arabia can be traced back to April 2022 when the company secured a deal with the Saudi government to sell up to 100,000 electric vehicles over the next decade. The Public Investment Fund (PIF) of Saudi Arabia, led by Prince Mohammed bin Salman, is the majority owner of Lucid and recently announced a multi-year partnership with Formula E, Extreme E, and E1 as part of the Electric 360 partnership.
These strategic moves highlight the growing relationship between Lucid and Saudi Arabia, positioning the automaker as a key player in the Saudi automotive market. The launch of a dedicated security vehicle for the Saudi police force further strengthens this partnership and underscores Lucid’s commitment to the Kingdom.
As Lucid continues to expand its presence and influence globally, it remains to be seen how this collaboration with the Saudi Arabian police force will impact the company’s future endeavors. Nevertheless, it is evident that Lucid’s ties with Saudi Arabia are becoming increasingly significant, opening up new opportunities for growth and innovation in the luxury automotive sector.
Disclaimer: This article was written by an AI program and has not been reviewed or edited by human editors at Benzinga.
