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Lucid opts for cost-cutting as financials dim EV prospects
The company plans to trim USD 1.4 bn in expenses to reduce its losses and fund its pipeline
Chery to return to the Saudi market
Good morning, all. Our big story today is all about Burjeel Holdings’ Saudi expansion — we speak to Chairman and…
Lucid starts fresh with new CEO + new funds from PIF, Uber
Funds including PIF, Mubadala, and QIA deployed nearly USD 25 bn in 1Q 2026, despite active conflict
Trump says regional war is approaching its end
Morgan Stanley upgraded Saudi’s rating to “overweight”
Jazan hits the gas on EUR 10 bn auto project
The new deal follows a 12-day investment mission to China
Tesla debuts in Saudi Arabia, riding the wave of rising EV demand
Riyadh’s center is now open, with Jeddah’s set to follow by year-end.
Hyundai launches first Middle Eastern plant in Saudi
The plant is projected to contribute some USD 5 bn to Saudi’s GDP by 2045
Ronn to set up Saudi hydrogen truck factories under three-year USD 4 bn plan
The facilities will produce 10k hydrogen trucks, 1k sports vehicles, and an exclusive hypercar
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