Browsing: Electric

Business

Jeddah ready to launch 2026 e1 season as electric racing returns to the red sea

Season-opening race of the UIM E1 World Championship presented by PIF begins takes place in Jeddah, a cornerstone venue since its formation Record 10-team grid lines up for the world’s only all-electric raceboat series, including Saudi Arabia-backed Team AlUla championed by LeBron James Electric racing, sustainability, and education initiatives converge in Jeddah World-class, sustainable sport on display, with tickets available now via webook.com JEDDAH, SAUDI ARABIA (22 January 2026) – The UIM E1 World Championship presented by PIF returns to Jeddah this weekend to launch its 2026 season, as the world’s only all-electri

Business

Lucid Expands Footprint in Saudi Arabia with New Al Khobar Studio, Completing a Three-City Network Across Riyadh, Jeddah, and the Eastern Province

Dubai, United Arab Emirates – 08 December 2025 – Lucid Group, Inc. (NASDAQ: LCID), maker of the world’s most advanced electric vehicles, today announced the opening of its new Lucid Studio in Al Khobar, marking a landmark expansion that strengthens Lucid’s growing presence in Saudi Arabia. The new facility offers more drivers in the Kingdom the opportunity to experience the award-winning Lucid Air and groundbreaking Lucid Gravity firsthand. The opening of the Al Khobar Studio completes Lucid’s three-city network across Riyadh, Jeddah, and the Eastern Province, a milestone that further extends its reach and supports its vision