So Saudi sales have started - 442750 Saudi Riyals, equivalent to about 118kUS Dollars for a base Pure Lucid Air- this is 30k more than in the US. Wonder why? Shouldn't cost that much to transposrt.If significant sales do materialize, should help cash burn a lot!
Saudi sales
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Doesn't it include VAT and all that import tax stuff?
Good point. Looks like it includes 15% VAT
CapHillDC
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A couple others articles noted that Lucid is actively shipping some inventory (several hundred so far with more planned) from Casa Grande to Saudi Arabia. That will help move some inventory, which is great, but there is still very soft demand here for the highest end Airs. I would love to see many of these Airs off the lots at the factory and scattered into the wild!
CapHillDC
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Here is the link to the recent article from InsideEVs. Look part way down for the paragraph(s) for the part about shipping inventory to Saudi Arabia. Shipping the vehicles is the biggest constraining factor to sending more
insideevs.com
Lucid Starts Delivering Air Luxury EVs To Customers In Saudi Arabia
Lucid Middle East boss Faisal Sultan said in an interview the company has thousands of reservations from Saudi customers.
insideevs.com
xponents
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Is it just me, or does this line up with lucids "smaller model?"
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