New York, Jan 21, 2026, 11:37 a.m. ET — Regular session
- Lucid shares surged roughly 13% following Rockwell’s expanded involvement in Lucid’s Saudi manufacturing facility
- Rockwell announced that Lucid will deploy its FactoryTalk MES software to manage critical sections of the plant
- Attention turns to Lucid’s Feb. 24 earnings, highlighting cash burn and production outlook
Shares of Lucid Group jumped Wednesday following news that Rockwell Automation has expanded its partnership with the EV manufacturer to aid the growth of Lucid’s production plant in Saudi Arabia. Lucid climbed roughly 13.5% to $11.04, recovering from a session low near $9.71.
Investors are zeroing in on any sign of eased factory ramps and fewer production hiccups, especially among EV makers balancing price stability with growth.
For Lucid, the Saudi facility isn’t merely another factory. It plays a key role in a bigger strategy to manufacture vehicles near a major investor and establish a local supply chain, despite the spotty demand for premium EVs.
Rockwell revealed that Lucid plans to roll out its enterprise software, including the FactoryTalk manufacturing execution system (MES), across key production areas like general assembly, paint, stamping, body, and powertrain. MES software monitors and controls production processes in real time on the factory floor.
“Lucid’s adoption of FactoryTalk MES is a strategic move that will deliver measurable outcomes in operational efficiency, quality, and scalability,” said Ahmad Haydar, Rockwell’s country leader in Saudi Arabia, in a statement. Rockwell Automation
Lucid will tap into Rockwell’s local staff to roll out training programs in Saudi Arabia, Rockwell confirmed. Faisal Sultan, Lucid’s Middle East president, described Rockwell as “a trusted partner” amid the company’s regional growth. PR Newswire
Rockwell shares climbed roughly 3.0% in morning trading. Tesla added around 2.2%, while Rivian ticked up about 1.5%, giving the EV sector a slight boost.
Rockwell described the King Abdullah Economic City facility as Saudi Arabia’s inaugural vehicle manufacturing site, highlighting it as a key piece in the kingdom’s Vision 2030 drive to expand domestic industry.
But this deal focuses mainly on software and training, not an assured boost in production anytime soon. Factory systems often take a while to mesh, and if production ramps up slower or demand softens, Lucid could still face challenges.
Lucid will release its fourth-quarter results on Feb. 24. Investors will be watching closely for news on production targets, cash flow, and how quickly operations are growing in Saudi Arabia.
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