Lucid Motors is the consumer-facing automotive brand of Lucid Group, Inc., a Delaware corporation traded on Nasdaq under the ticker LCID. Saudi Arabia does not own 100% of Lucid, but the country’s Public Investment Fund (PIF) is Lucid’s controlling shareholder through Ayar Third Investment Company, a company wholly owned by PIF.
Lucid vehicles are built and assembled in two locations: the company’s main manufacturing complex in Casa Grande, Arizona, and its newer facility in King Abdullah Economic City near Jeddah, Saudi Arabia. During the Saudi plant’s initial production phase, vehicle kits were substantially manufactured in Arizona and then reassembled in Saudi Arabia. Lucid is expanding that facility toward more complete vehicle production.
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Who owns Lucid Motors?
Lucid Motors is not a separately owned Saudi government automaker. The brand belongs to Lucid Group, Inc., a publicly traded U.S. company. Its shares are available to public investors on the Nasdaq stock exchange under LCID.
However, Lucid’s controlling shareholder is Saudi Arabia’s Public Investment Fund, usually abbreviated as PIF. PIF holds its Lucid position both directly and through Ayar Third Investment Company, which is wholly owned by PIF. Lucid’s corporate filings identify Ayar as a PIF affiliate and as Lucid’s controlling stockholder.
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That means Lucid has public shareholders, but PIF has enough voting power and governance rights to exercise control over the company. It is more accurate to describe Lucid as a publicly traded company controlled by Saudi Arabia’s sovereign wealth fund than as a company wholly owned by the Saudi government.
How much of Lucid does Saudi Arabia own?
The exact percentage depends on the filing date and on whether the calculation concerns common-stock ownership, voting power, or shares that could be obtained by converting preferred stock.
Lucid’s 2026 proxy statement, using beneficial-ownership information dated March 15, 2026, reported that PIF beneficially owned 229,947,163 shares, representing approximately 60% of Lucid’s common-stock voting power. The proxy also reported that PIF held all 175,000 shares of Lucid’s then-outstanding preferred stock. The reported position included shares held directly by PIF and shares held through Ayar, including common shares issuable upon conversion of Lucid’s Series A and Series B convertible preferred stock.
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A free scan shows the junk files, broken settings and background clutter dragging Windows down - then fixes them in one click.Free scan · Windows 10 & 11Lucid’s ownership changed again in April 2026. On April 28, Ayar purchased $550 million of Series C convertible preferred stock. A related Schedule 13D/A reported that Ayar’s holdings, including rights associated with conversion of preferred stock, represented approximately 56.70% of Lucid’s issued and outstanding common stock as of that date.
The 60% voting-power figure and the later 56.70% common-stock figure are not directly interchangeable. They use different dates, security classes, and calculation methods. The later percentage does not mean PIF stopped controlling Lucid. The central fact remains that PIF, through Ayar and its related holdings, is Lucid’s controlling shareholder.
Does PIF control Lucid’s board?
PIF’s influence is not limited to its economic investment. Lucid’s filings describe Ayar as the controlling stockholder, and the 2026 proxy describes director-nomination rights tied to ownership thresholds held by Ayar or permitted transferees.
In practical terms, PIF’s position gives it substantial influence over Lucid’s corporate governance, including the ability to nominate directors while the applicable ownership conditions are met. That is why the relationship should be understood as control—not merely as a large passive investment.
Where are Lucid cars built?
Lucid vehicles are built at two principal manufacturing sites:
| Facility | Location | Role |
|---|---|---|
| Advanced Manufacturing Plant-1 (AMP-1) | Casa Grande, Arizona, United States | Lucid’s primary U.S. vehicle assembly plant and vertically integrated powertrain facility |
| Advanced Manufacturing Plant-2 (AMP-2) | King Abdullah Economic City, near Jeddah, Saudi Arabia | Saudi assembly facility, initially using semi-knocked-down vehicle kits from Arizona; being expanded toward complete-build-unit production |
Lucid’s Arizona manufacturing plant
Lucid’s main U.S. factory is AMP-1 in Casa Grande, Arizona. Lucid completed the first phase of the facility in 2021.
Lucid’s 2025 Form 10-K states that both the Lucid Air and Lucid Gravity are assembled at AMP-1. The site is also associated with Lucid’s vertically integrated powertrain operations, known as LPM-1. Those operations include production of important electric-vehicle components such as:
- Electric motors
- Transmission systems
- Power-electronic inverters
- The Wunderbox charging system
- Battery packs
That vertical integration is one reason a simple country-of-origin label does not tell the whole manufacturing story. A vehicle may be assembled in one country while many of its major systems originate from another Lucid facility or from suppliers elsewhere.
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Lucid broke ground on AMP-2 in Saudi Arabia in 2022 and opened the facility in September 2023. It is located in King Abdullah Economic City, near Jeddah.
The plant initially used a semi-knocked-down (SKD) assembly model. Under this approach, Lucid pre-manufactured vehicle kits at AMP-1 in Arizona and shipped them to Saudi Arabia. Workers at AMP-2 then reassembled the vehicles there. The initial Saudi operation was designed for approximately 5,000 vehicles per year.
As a result, “assembled in Saudi Arabia” and “built in Arizona” were not necessarily contradictory descriptions during this phase. A vehicle assembled at AMP-2 could contain a substantially pre-manufactured kit originating at AMP-1, even though final assembly work took place in Saudi Arabia.
Is Lucid expanding production in Saudi Arabia?
Yes. Lucid began expanding AMP-2 in 2024 with the aim of supporting complete-build-unit (CBU) production. A CBU operation is more comprehensive than the original SKD model because vehicles are produced more fully within the destination plant rather than arriving primarily as pre-manufactured kits.
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In an April 12, 2026 company update, Lucid said CBU construction at AMP-2 was on track for completion by the end of 2026. The company described a designed capacity that could scale to approximately 150,000 electric vehicles annually.
That 150,000-vehicle figure is a planned or designed capacity, not Lucid’s current achieved output. It should not be interpreted as proof that the Saudi plant was already producing 150,000 vehicles per year.
Are all Lucid Air and Gravity vehicles made in Arizona?
No. Lucid’s public descriptions indicate that both the Air and Gravity are assembled at vertically integrated facilities in Arizona and Saudi Arabia. The actual assembly location of a particular vehicle can depend on:
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- The model and configuration
- The vehicle’s production date
- The market where it is sold
- Whether the Saudi plant is operating under its SKD or later CBU production model
- The vehicle identification number and its certification documentation
The safest general answer is that Lucid cars are built in the United States at Casa Grande, Arizona, while some are also assembled in Saudi Arabia. Do not assume that every Lucid was made entirely in one country.
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- 2021: Lucid completed the first phase of AMP-1 in Casa Grande, Arizona.
- 2022: Lucid broke ground on AMP-2 in Saudi Arabia.
- September 2023: AMP-2 opened and began SKD assembly using Lucid Air vehicle kits originating from Arizona.
- 2024: Lucid reported beginning AMP-2’s expansion to support CBU production, with an additional designed capacity target of approximately 150,000 vehicles.
- April 2026: Lucid said construction for CBU production at AMP-2 was targeted for completion by the end of 2026.
- June 30, 2026: Lucid reported producing 4,774 vehicles during the second quarter of 2026. That production release did not break the total down by plant or country.
How can you determine where a specific Lucid was assembled?
General company statements cannot reliably identify the assembly location of an individual Lucid. If the origin of a particular car matters—for example, when comparing vehicles for purchase, registration, import rules, or resale—check vehicle-specific documentation instead.
Useful sources may include:
- The vehicle’s VIN and its associated manufacturer records
- The certification or compliance label on the vehicle
- The original vehicle documentation supplied by Lucid or the dealer
- Lucid’s documentation for the relevant model year and sales market
- Confirmation from Lucid customer service or an authorized retailer
Do not infer a specific vehicle’s assembly country solely from the owner’s delivery location, the location of the dealership, or the company’s general manufacturing footprint.
What does Lucid’s ownership mean for buyers?
For most buyers, PIF’s ownership does not change the basic questions of vehicle quality, warranty coverage, charging access, service availability, or parts support. Those issues should be evaluated using the terms applicable to the vehicle and market being considered.
Ownership can matter, however, when a buyer is trying to understand Lucid’s financial backing, governance, or long-term industrial strategy. PIF has provided substantial capital and remains Lucid’s controlling shareholder, while Lucid is still a public company with outside shareholders and publicly reported financial obligations.
Charging equipment is a separate compatibility question. Lucid identifies NACS charging compatibility as a feature of the Gravity, but charging-port and adapter compatibility can vary by model year, configuration, and market. Before buying a NACS EV charging adapter for compatible Lucid models, verify the exact vehicle’s port, charging capability, and the manufacturer’s approved compatibility information. One adapter should not be assumed to work with every Lucid vehicle.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Common misconceptions
“The Saudi government owns 100% of Lucid.”
Incorrect. PIF is the controlling shareholder, but Lucid is a publicly traded company with other shareholders and multiple classes of securities.
“Every Lucid is made entirely in Arizona.”
Incorrect. AMP-1 in Arizona is Lucid’s primary U.S. manufacturing site, but AMP-2 in Saudi Arabia also assembles Lucid vehicles.
“Every Lucid is made entirely in Saudi Arabia.”
Also incorrect. The Saudi plant initially assembled SKD kits that were substantially pre-manufactured in Arizona, and Lucid’s Arizona facility remains a major production and powertrain site.
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“Lucid already produces 150,000 vehicles per year in Saudi Arabia.”
Unsupported. Approximately 150,000 vehicles is a designed or planned capacity associated with the AMP-2 expansion, not a reported current production level.
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“A company’s ownership tells you where its cars are built.”
Not necessarily. PIF’s ownership explains who controls Lucid Group, but manufacturing location is determined by Lucid’s production facilities, model, market, production phase, and vehicle-specific documentation.
Sources and scope
The ownership figures and governance description are based on Lucid Group’s 2025 Form 10-K, 2026 proxy statement, and April 2026 Schedule 13D/A disclosures. Manufacturing details are based on Lucid’s 2025 Form 10-K and company updates concerning AMP-1 and AMP-2. The production figure cited for the second quarter of 2026 was not separated by factory in the public production release.
Because Lucid’s ownership and manufacturing plans can change, readers comparing a specific vehicle or investment should check the latest company filing and the vehicle’s own documentation.
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Is Lucid Motors owned by Saudi Arabia?
Lucid Motors is owned by Lucid Group, Inc., a publicly traded U.S. company. Saudi Arabia’s Public Investment Fund, through its wholly owned affiliate Ayar Third Investment Company, is Lucid’s controlling shareholder but not the sole owner of every Lucid share.
Are Lucid cars made in the USA?
Many Lucid vehicles are assembled at AMP-1 in Casa Grande, Arizona, which also produces major powertrain components. Lucid also assembles vehicles at AMP-2 in Saudi Arabia, so the exact origin depends on the model, market, production phase, and vehicle-specific records.
Are Lucid cars made in Saudi Arabia?
Some Lucid vehicles are assembled in Saudi Arabia. The AMP-2 plant initially used semi-knocked-down kits substantially pre-manufactured in Arizona, and Lucid is expanding the facility toward complete-build-unit production.
How do I find the manufacturing location of a specific Lucid?
Check the vehicle’s VIN records, certification or compliance label, original vehicle documentation, and Lucid’s model-year information for the relevant market. General statements about Lucid’s factories cannot establish the assembly location of an individual car.
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The Bottom Line
Bottom line: Lucid is a public company controlled by Saudi Arabia’s Public Investment Fund through Ayar—not a company wholly owned by the Saudi government. Its cars are assembled in Casa Grande, Arizona, and in Saudi Arabia. Early Saudi production used vehicle kits from Arizona, while AMP-2 is being expanded toward fuller local production with planned capacity far above its initial output.
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