Rockwell Automation Partners with Lucid to Expand Saudi EV Manufacturing Facility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Source: seekingalpha
- Production Expansion Partnership: Rockwell Automation is partnering with Lucid to expand the electric vehicle manufacturing facility in Saudi Arabia, marking a historic milestone as the country's first vehicle manufacturing site.
- Software Solution Implementation: Lucid will deploy Rockwell's FactoryTalk® manufacturing execution system (MES) software to manage and optimize production operations across all major shops, enhancing production efficiency and product quality.
- Production Timeline: Lucid plans to begin vehicle production in Saudi Arabia in 2026, establishing a crucial timeline that will lay the groundwork for the company's expansion in the Middle Eastern market and enhance its competitive position.
- Strategic Implications: This collaboration not only showcases Rockwell's technological prowess in the electric vehicle manufacturing sector but also aims to elevate Saudi Arabia's position in the global electric vehicle supply chain, supporting the nation's economic diversification goals.
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Analyst Views on LCID
Wall Street analysts forecast LCID stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCID is 16.73 USD with a low forecast of 10.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
1 Buy
8 Hold
3 Sell
Hold
Current: 10.910
Low
10.00
Averages
16.73
High
30.00
Current: 10.910
Low
10.00
Averages
16.73
High
30.00
About LCID
Lucid Group, Inc. is a technology company, which designs, engineers, and manufactures electric vehicles (EVs), EV powertrains, and battery systems in-house using its own equipment and factories. It sells vehicles directly to consumers through its retail sales network and through direct online sales. Its vehicles include Lucid Air and Lucid Gravity. Lucid Air is an advanced car, featuring powertrain technology. It offers 420 miles of the United States Environmental Protection Agency (EPA)-estimated range, with an 84-kWh battery pack. The Lucid Air Sapphire is the highest-performance version of the Lucid Air, boasting 1,234 horsepower from three motors, 427 miles of an EPA-estimated range (when equipped with standard wheel covers). The Lucid Gravity provides the interior space and practicality of a full-size SUV within the exterior footprint of a mid-size SUV. It provides space for up to seven adults. It has engineered the Lucid Gravity to deliver up to 450 miles of EPA-estimated range.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lucid Air Grand Touring Sets Longest Range in Winter Test
- Range Milestone: The Lucid Air Grand Touring achieved a record range of 520 kilometers in the NAF Winter Test, surpassing the second-place vehicle's 421 kilometers, solidifying its leadership position in the electric vehicle market under extreme conditions.
- Performance in Extremes: Completing a journey from Oslo to the highlands at temperatures as low as minus 31 degrees Celsius without charging stops, the Lucid Air Grand Touring demonstrates reliability and efficiency in real-world scenarios, enhancing consumer trust in the brand.
- Technological Edge: Featuring an advanced electric powertrain, the vehicle boasts a WLTP range of up to 960 kilometers and a combined consumption of just 13.5 kWh/100 km, showcasing Lucid's leadership in EV technology and likely attracting more high-end consumers.
- Market Impact: The Lucid Air Grand Touring also set a summer test record of 828.6 kilometers in 2025 and holds the Guinness World Record for the longest journey by an electric car on a single charge, further enhancing brand image and market competitiveness, which is expected to drive future sales growth.
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Lucid Air Grand Touring Sets Record in NAF Winter Test
- Range Milestone: The Lucid Air Grand Touring achieved a record 520 kilometers in the NAF Winter Test, surpassing the second-place vehicle's 421 kilometers, showcasing its exceptional performance under extreme cold and solidifying its leadership in the EV market.
- Technological Edge: Equipped with an advanced electric powertrain, the vehicle boasts a WLTP range of up to 960 kilometers and a combined consumption of just 13.5 kWh/100 km, demonstrating industry-leading efficiency and power, which enhances consumer confidence in electric vehicles.
- Fast Charging Capability: The Lucid Air Grand Touring can gain 400 kilometers of range in just 16 minutes, significantly improving user convenience and meeting modern consumer demands for rapid charging, thereby boosting market acceptance of EVs.
- Global Recognition: This model not only excelled in the winter test but also set a summer record of 828.6 kilometers and holds a Guinness World Record, further enhancing the brand's image and competitive position in the market.
Continue Reading