Lucid Motors CEO Peter Lawrence revealed that Saudi Arabia ranks second, in terms of pre-orders for Lucid cars.
In his speech at the Future Investment Initiative conference, he added that the Lucid Air will be available to the company’s customers during this weekend.
Lucid, to which the Public Investment Fund contributes, is the first electric vehicle company to be listed on the stock exchange through the SPAC deal to produce a vehicle that is actually salable to consumers.
The achievement is crucial for Lucid, which debuted on the Nasdaq in July and is seen as a front-runner to rival electric car pioneer Tesla.
In previous statements, Lawrencen said, “I am pleased that production cars with this level of efficiency are now moving out of the factory.”