Cars & Autos | Thursday 22 February, 2024 1:34 pm

Lucid’s Q4 revenue below estimates, raises production target in 2024

Lucid Group reported quarterly losses as revenue declined due to weak consumer demand for electric vehicles (EVs) but expects production to increase to 9,000 EVs in 2024.   The American EV maker's business results showed a net loss of...

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Cars & Autos | Monday 19 February, 2024 10:43 pm

Wallan Trading Company celebrates ZEEKR partnership with the launch of a luxury electric vehicle lineup

Wallan Trading Company — the leading player in the Saudi automotive sector — has signed a strategic agreement withZEEKR, the global electric mobility technology and solutionsbrand owned by Geely Automobile Holdings. The agreement will see the two entities collaborate as partners, with...

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Cars & Autos | Saturday 17 February, 2024 3:13 am

Lucid to offer home charger allowance to boost sales

Lucid Group is trying to ensure that customers have the best possible charging experience, adding that an allowance of SAR 3,750 will be provided to help customers get the Lucid Home Charger available in the Saudi market.   The car maker will also focus on reducing Lucid Air prices,...

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Cars & Autos | Sunday 11 February, 2024 8:22 am

Lucid to announce CBU production in Saudi Arabia soon

Lucid Motors Co. plans to announce the second phase of production in Saudi Arabia soon, Al Eqtisadiah reported, citing Firas Kandalaft, Marketing Director, Middle East.   In the second phase, Lucid will shift to complete build unit (CBU) production of some models at its facility in...

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Cars & Autos | Friday 2 February, 2024 1:18 am

Accelerating into the Future: Porsche Saudi Arabia Presence in Formula E-Prix Event

As the Formula E season entered its second event of the season in Diriyah, Porsche left a remarkable impression with a comprehensive series of events that showcased the brand's commitment to innovation and the electrifying thrill of motorsport. Porsche enthusiasts were invited to witness the...

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Cars & Autos | Sunday 7 January, 2024 3:56 pm

"Najm" Launches a New Initiative to Simplify Process of Buying Insurance for Domestic Workers Contracts

Najm for Insurance Services announced the launch of a new initiative that enables individual employers to benefit from insurance for domestic workers contracts through the 'Musaned' platform, which falls under the umbrella of the Ministry of Human Resources and Social Development. Through this...

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Cars & Autos | Tuesday 2 January, 2024 1:36 am

Najm is the Official Traffic Safety Partner for the 6th International Traffic Safety Forum and Exhibition

Najm for Insurance Services was honored by Eastern Province Governor HRH Prince Saud bin Naif bin Abdulaziz for its participation in the Sixth International Traffic Safety Forum and Exhibition as the Official Traffic Safety Partner. The Saudi Society for Traffic Safety (SALAMA) organized the forum...

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Cars & Autos | Sunday 17 December, 2023 11:37 am

EVIQ launches state-of-the-art R&D facility for electric vehicle chargers in the Kingdom

EVIQ, the Electric Vehicle Infrastructure Company, a newly launched joint-venture between the Public Investment Fund (PIF) and the Saudi Electricity Company (SEC), today announced the opening of a research and development (R&D) facility in Riyadh that is a first-of-its-kind in the...

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Cars & Autos | Saturday 16 December, 2023 11:20 am

License issuance for public taxis in Riyadh, Madinah, Jeddah, Dammam suspended

The Ministry of Transport and Logistics Services suspended issuance of licenses and adding vehicles to the public taxi activity to licenses in Riyadh, Madinah, Jeddah and Dammam.   Applications for licenses and adding registered vehicles, as well as applications for adding vehicles,...

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Cars & Autos | Thursday 14 December, 2023 9:28 am

Lucid reaches 800 cars assembled in Saudi Arabia: VP

Lucid Group assembled nearly 800 electric vehicles (EVs) in its Saudi factory since its opening, said Faisal Sultan, Vice President and Managing Director of Lucid Middle East.  The cars are fully built in Arizona and are then disassembled and shipped to Saudi Arabia as a kit,...

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