Remove Financing Remove International Remove Saudi Arabia
article thumbnail

Lucid Group, Saudi Arabia agree to 100,000 EV fleet deal

Teslarati

Lucid Group announced today that it had reached an agreement with the Government of Saudi Arabia to purchase up to 100,000 electric vehicles from the automaker over ten years. LucidMotors announces deal with Government of Saudi Arabia for purchase of up to 100,000 vehicles over a ten-year period.

article thumbnail

Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Teslarati

Lucid announced it had officially signed agreements with the Ministry of Investment of Saudi Arabia (“MISA”), the Saudi Industrial Development Fund (“SIDF”), Emaar, The Economic City, at King Abdullah Economic City (“KAEC”), and Gulf International Bank (“GIB”).

article thumbnail

EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

Green Car Congress

In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 The 400,000 b/d Jizan refinery in Saudi Arabia reportedly came online in late 2021 and began exporting petroleum products earlier this year. At their current planned capacities, they will add 2.9

Asia 418
article thumbnail

Tesla listed among ‘most egregious underminers of democracy’ by union group

Teslarati

Tesla is among several companies listed as “the most egregious underminers of democracy,” the International Trade Union Confederation said. ” It is interesting to put Tesla in the category of putting profits over “planetary good.”

article thumbnail

Financially troubled Enovate reportedly close to getting life-saving money

CN EV Post

Image from Enovate's Weibo) Enovate Motors, the Chinese new energy vehicle (NEV) startup that announced late last year that it would build a production base in Saudi Arabia, is actually facing financial woes in its home market. Enovate has closed eight financing rounds totaling more than RMB 11.5

article thumbnail

Lucid reports Q1 2022 Earnings tonight: Here’s What to Expect

Teslarati

Last week, the automaker agreed to a massive 100,000 vehicle deal with Saudi Arabia , where the company would build its first international production facility. million, according to Yahoo Finance estimates. 2022 has not been a completely bad year for Lucid. Wall Street Expectations.

article thumbnail

EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. The 400,000 b/d Jizan refinery in Saudi Arabia reportedly came online in late 2021 and began exporting petroleum products earlier this year.

Global 448