Lucid to drop magnet supplies from China, source in Saudi Arabia in 2026
On January 23, Lucid Motors interim CEO Marc Winterhoff said his company plans to eliminate China from its magnet supply chain this year and is seeking to build ties with Saudi Arabian rare earth suppliers instead.
“We are well underway to move completely away from China in 2026, and we welcome additional sources” of....
“We are well underway to move completely away from China in 2026, and we welcome additional sources” of....
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