Key Takeaways Lucid Group plans to launch full vehicle manufacturing at its KAEC facility in Saudi Arabia starting in 2026.Production will ramp gradually, with capacity targeted at 150,000 vehicles annually by 2029.PIF holds over 50% of LCID and has invested more than $8 billion to support global expansion plans.An electric vehicle (EV) startup, Lucid Group, Inc. (LCID) , is preparing to begin a full-scale vehicle manufacturing unit in Saudi Arabia this year, marking a significant step in the company’s glob ...