Lucid unveils one-of-a-kind Lucid Air Sapphire at Saudi Cup meeting
RIYADH: Lucid has unveiled its one-of-a-kind lavender Lucid Air Sapphire, exclusively designed and built for the winner of the world's richest race, the Saudi Cup 2025.
Faisal Sultan, vice president of Lucid Middle East, said: 'Presented as a special award to the Saudi Cup winner, this exclusive vehicle is more than just a symbol of triumph; it represents a celebration of the Kingdom's leadership in sustainability, innovation, and global excellence.'
During his speech, which took place on day one of the Saudi Cup meeting at King Abdulaziz Racecourse in Riyadh, Sultan added: 'I am also privileged to introduce a creation that exemplifies the pinnacle of what Lucid can achieve: The world's first one-of-a-kind Lucid Air Sapphire.'
The vehicle features a lavender finish and boasts a triple-motor system and driving dynamics with 1,234 horsepower and carbon-ceramic brakes.
Sultan said that the unveiling of the vehicle was the result of Lucid's partnership with the Saudi Cup.
The winner of the Saudi Cup race, which takes place on Feb. 22, receives $20 million, along with the car.
Sultan also unveiled Lucid's newest vehicle, the Lucid Gravity SUV, and added: 'Its (the Lucid Gravity SUV) debut at the Saudi Cup reflects Lucid's shared vision and support of the Kingdom's bold vision for the future.
'It is particularly fitting that this groundbreaking vehicle is now available in the Kingdom — a nation that stands at the forefront of innovation and sustainability through Vision 2030.'
The two-day Saudi Cup is an equestrian event that brings together some of the world's top jockeys at the King Abdulaziz Racecourse and boasts a prize pool of over $38 million.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arab News
22-05-2025
- Arab News
Sakan wins Qassim excellence award
RIYADH: The National Developmental Housing Corporation, or Sakan, has won the Qassim Award for Excellence and Creativity in the National Excellence Branch in its fifth session. Yazeed Al-Rasheed, vice president for shared services at Sakan, received the award on behalf of the organization. He expressed his gratitude to officials for their support and recognition of national initiatives, saying that this was an incentive to continue efforts in cooperation with all parties. Abdulaziz Al-Karidis, secretary-general of Sakan, thanked the Qassim governor for his support for Sakan's initiatives and for following up and encouraging activities that achieved the foundation's goals. Receiving the award would inspire the foundation to further enhance its performance and reinforce its core values, he said. The win marks a milestone in the foundation's journey and its commitment to excellence and innovation. The foundation continues to strive toward creating a positive and sustainable impact in the developmental housing sector by offering the best solutions and practices.
Arab News
14-05-2025
- Arab News
SAB first in Kingdom to earn CIPS Gold Award
The recognition highlights SAB's leadership and ongoing commitment to embedding global standards in procurement and supply chain practices. Saudi Awwal Bank, one of the Kingdom's leading financial institutions, has become the first Saudi entity and the 11th worldwide to be awarded the Gold Certification from the Chartered Institute of Procurement and Supply under its global Procurement Excellence Programme. This recognition highlights SAB's leadership and ongoing commitment to embedding global standards in procurement and supply chain practices. It reflects the bank's strategic focus on governance, ethical sourcing, and sustainable procurement, all central to SAB's broader vision of operational excellence and innovation. The Gold Award is one of the highest levels of certification offered by CIPS and is awarded to organizations that demonstrate robust procurement leadership, effective integration across the business, and strong performance management aligned with global best practices. Ghada Al-Jarbou, chief operating officer at SAB, said: 'The CIPS Advanced Gold Certification validates the strength of our procurement transformation. It reflects our focus on building robust governance, enhancing operational efficiency and ensuring our procurement function supports long-term innovation and resilience. This achievement demonstrates SAB's commitment to operational excellence and strategic growth, which in turn strengthens our ability to deliver sustainable value to our employees, customers and shareholders.' Ben Farrell, CIPS CEO, said: 'This is a proud moment for SAB and a milestone for the wider procurement profession in the Kingdom. SAB's achievement of the CIPS Gold Award is a clear indication of its commitment to placing procurement at the center of business strategy and transformation. This award recognizes SAB's excellence in governance, strategic alignment, and operational delivery.' The CIPS Procurement Excellence Programme is an internationally recognized framework used by public and private sector organizations worldwide to benchmark, assess and enhance their procurement functions. It evaluates performance across leadership, strategy, people, process, and systems — providing a roadmap for continuous improvement.
Arab News
16-04-2025
- Arab News
Lucid says it is on track to enter midsize electric SUV market next year
RIYADH: Lucid is on track to launch its midsize electric SUV in 2026, company executives said on Tuesday, as the EV maker looks to tap an increasingly competitive segment dominated by rival Tesla's bestselling Model Y crossover. 'There are a lot of crazy things going on in the world that can affect that (timeline). But currently we are on track,' said Derek Jenkins, senior vice president at Lucid. The company targets a $50,000 price point, which will pit the model against contenders such as the Ford Mustang Mach-E, Hyundai Ioniq 5 and the upcoming Rivian R2. Teams at Lucid have been preparing assembly lines and working with vendors to move ahead with the launch, said Emad Dlala, senior vice-president at the electric-vehicle maker. TARIFF IMPACT Lucid is not immune to the Trump administration's tariffs but is working to mitigate its effects, interim CEO Marc Winterhoff told Reuters. While the EV maker does not plan any price hikes, it has signed agreements with battery cell and graphite suppliers to bring production to the US, Winterhoff said. 'We have those agreements already. The plants are being built right now, so it's not something that we can switch on today, but it's in the near future,' he said. Former Tesla engineer Peter Rawlinson, who was the CEO of Lucid for more than five years, resigned in February. The company, backed by Saudi Arabia's sovereign wealth fund PIF, plans to launch the less-expensive Touring variant of the Gravity SUV later this year, starting at $79,900. It expects strong demand for the premium model to help double its 2025 vehicle production to around 20,000 units. Lucid started producing its Gravity SUV at its Arizona factory last year, with customer orders for the Grand Touring trim opening in November.
