Market Chatter: Lucid Plans to Start Making Cars in Saudi Arabia This Year

MT Newswires Live01-14 22:55

Lucid (LCID) plans to start making vehicles in Saudi Arabia this year, Bloomberg reported Wednesday, quoting the company's interim chief executive, Marc Winterhoff.

The company, which has Saudi Arabia's sovereign wealth fund as its top shareholder, will move from assembly to full-scale manufacturing by the end of this year at a new plant near Jeddah, the report said.

Winterhoff did not provide initial estimates, but he said production would increase gradually in 2027 and 2028 before the plant is expected to be at its full capacity of 150,000 cars in 2029, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 10.96, Change: +0.02, Percent Change: +0.14

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2603561272?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-14 22:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2603561272","market":"sh","top_or_hot":-1,"title":"Market Chatter: Lucid Plans to Start Making Cars in Saudi Arabia This Year","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/LCID\">Lucid</a> (LCID) plans to start making vehicles in Saudi Arabia this year, Bloomberg reported Wednesday, quoting the company's interim chief executive, Marc Winterhoff.</p><p>The company, which has Saudi Arabia's sovereign wealth fund as its top shareholder, will move from assembly to full-scale manufacturing by the end of this year at a new plant near Jeddah, the report said.</p><p>Winterhoff did not provide initial estimates, but he said production would increase gradually in 2027 and 2028 before the plant is expected to be at its full capacity of 150,000 cars in 2029, according to the report.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 10.96, Change: +0.02, Percent Change: +0.14</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Lucid Plans to Start Making Cars in Saudi Arabia This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Lucid Plans to Start Making Cars in Saudi Arabia This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-01-14 22:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/LCID\">Lucid</a> (LCID) plans to start making vehicles in Saudi Arabia this year, Bloomberg reported Wednesday, quoting the company's interim chief executive, Marc Winterhoff.</p><p>The company, which has Saudi Arabia's sovereign wealth fund as its top shareholder, will move from assembly to full-scale manufacturing by the end of this year at a new plant near Jeddah, the report said.</p><p>Winterhoff did not provide initial estimates, but he said production would increase gradually in 2027 and 2028 before the plant is expected to be at its full capacity of 150,000 cars in 2029, according to the report.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 10.96, Change: +0.02, Percent Change: +0.14</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4555","symbol_name":"新能源车","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2603561272","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603561272","pubTimestamp":1768402503,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Lucid  plans to start making vehicles in Saudi Arabia this year, Bloomberg reported Wednesday, quoting the company's interim chief executive, Marc Winterhoff.The company, which has Saudi Arabia's sovereign wealth fund as its top shareholder, will move from assembly to full-scale manufacturing by the end of this year at a new plant near Jeddah, the report said.Winterhoff did not provide initial estimates, but he said production would increase gradually in 2027 and 2028 before the plant is expected to be at its full capacity of 150,000 cars in 2029, according to the report.Price: 10.96, Change: +0.02, Percent Change: +0.14","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4555":"新能源车","BK4596":"哈里斯概念","BK4551":"寇图资本持仓","LCID":"Lucid Group Inc","BK4099":"汽车制造商"},"translate_title":"市场热议：Lucid计划今年开始在沙特阿拉伯制造汽车","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LCID":1.5},"content_text":"Lucid (LCID) plans to start making vehicles in Saudi Arabia this year, Bloomberg reported Wednesday, quoting the company's interim chief executive, Marc Winterhoff.The company, which has Saudi Arabia's sovereign wealth fund as its top shareholder, will move from assembly to full-scale manufacturing by the end of this year at a new plant near Jeddah, the report said.Winterhoff did not provide initial estimates, but he said production would increase gradually in 2027 and 2028 before the plant is expected to be at its full capacity of 150,000 cars in 2029, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: 10.96, Change: +0.02, Percent Change: +0.14","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2603561272","isCrawlerRequest":true}