Lucid Group, Inc. (LCID) has announced a significant expansion of its global manufacturing operations, establishing collaboration with Rockwell Automation, Inc. (ROK) to enhance its electric vehicle assembly plant in King Abdullah Economic City, Saudi Arabia, marking the country’s first vehicle manufacturing site. This initiative aligns with Saudi Arabia’s Vision 2030, aiming to foster a local automotive industry.
The collaboration will integrate Rockwell’s FactoryTalk Manufacturing Execution System (MES) into Lucid’s production process, allowing real-time monitoring and optimization across various manufacturing stages. This system is expected to enhance quality management, efficiency, and scalability as Lucid increases output and introduces new vehicle models.
The announcement was positively received by investors, leading to a notable rise in Lucid’s shares, reflecting growing confidence in the company’s ability to establish a robust manufacturing operation in Saudi Arabia.
