Lucid and Fisker are both preparing to sell vehicles in China

Lucid and Fisker prior to now week individually introduced plans to promote automobiles in China quickly.

The top of Lucid’s China operations confirmed to Reuters Thursday that the automaker was planning to enter the Chinese language market. The Reuters report additionally cited an nameless supply with data of Lucid’s plans, who mentioned the automaker plans to promote imported vehicles however is contemplating native manufacturing. That hasn’t been publicly confirmed, nevertheless.

Chinese language gross sales seem to have been thought of from the start. Lucid CEO Peter Rawlinson as soon as instructed Inexperienced Automobile Stories that the Air luxurious sedan’s reclining Govt Rear Seating possibility was designed partly with China in thoughts.

Fisker mentioned on Friday in a press launch that it deliberate to open a “supply heart” in China later this yr, and would start deliveries of its Ocean electrical SUV within the nation within the first quarter of 2024. Fisker claims to be one in all solely two worldwide manufacturers (the opposite is presumably Tesla) which can be “viable alternate options to conventional manufacturers” in China.

China is the world’s largest new-car market, with significantly sturdy EV gross sales. In contrast to most international automakers seeking to break into the Chinese language market, nevertheless, the 2 U.S.-based startup automakers haven’t publicly mentioned plans to assemble vehicles in China.

Lucid Gravity testing

Lucid builds the Air at its own factory in Arizona, and plans to start out manufacturing the Gravity SUV there as effectively in 2024. Fisker depends on contract producers. The Ocean is assembled by Magna in Austria, whereas the deliberate Fisker Pear is slated to be constructed by Foxconn in Ohio.

Individually, Lucid reported that it has began deliveries of the Air in Saudi Arabia. The Saudi Public Funding Fund (PIF) lately once more upped its stake in Lucid. The automaker in 2022 introduced plans for a manufacturing unit in Saudi Arabia, to open in 2025, whereas the Saudi authorities a couple of month later confirmed a deal to buy as much as 100,000 Lucid EVs over a 10-year interval.