Lucid Group Executive Says Saudi Plant Has Assembled 800 Cars Since Sept Opening, Focused On Training Local Staff
Portfolio Pulse from Benzinga Newsdesk
Lucid Group's executive reported that since its opening in September, the Saudi plant has assembled 800 cars. The focus is currently on training local staff to ensure quality and efficiency in production.
December 13, 2023 | 5:47 pm
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Lucid Group's Saudi plant has successfully assembled 800 cars since its opening, with a strong focus on training local staff, indicating progress in production capabilities and workforce development.
The news of Lucid Group's Saudi plant assembling 800 cars is a positive development, showcasing the company's expanding production capacity. Training local staff is also a strategic move that can lead to long-term operational efficiency and potentially lower costs. This progress is likely to be viewed positively by investors, suggesting a potential short-term positive impact on LCID's stock price.
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