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Lucid Will Sell Up to 100,000 EVs in Deal With Saudi Arabia

Lucid Air 

Lucid Air 

Photographer: Frederic J. Brown/AFP/Getty Images 

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Lucid Group Inc. will sell as many as 100,000 electric vehicles to the Kingdom of Saudi Arabia over the next decade, ranking among the largest-ever purchases of plug-in models.

The automaker reached a deal with Saudi Arabia’s Ministry of Finance for 50,000 EVs over that span, with the option for another 50,000, according to a statement Tuesday. Lucid said it would start delivering the vehicles by the second quarter of 2023.