Day: October 24, 2022

BEIJING, Oct. 24, 2022 /PRNewswire/ — On Sunday noon, members of the Standing Committee of the Political Bureau of the 20th Communist Party of China (CPC) Central Committee appeared before the press at the Great Hall of the People in Beijing. This event marks that a series of important political agendas surrounding the 20th CPC National Congress came to a successful conclusion. Like a huge ship, China will move forward under the leadership of the new CPC Central Committee with Comrade Xi Jinping at its core. The course the Party has charted has a global significance: It not only reflects the maturity and stability of the CPC as a major party, but also injects certainty into a world beset by changes and turmoil.

China is a major country with nearly one-fifth of the world’s population and more than 18 percent of the global economy. Its political stability is good news for the whole world. The 20th CPC National Congress not only provides a clear plan for the next step of development, but also ensures a strong leadership core can guarantee its implementation. This gives the world stabilized expectations in observing and understanding China. We note that many analysts outside China have emphasized the continuity of China’s development direction and policies after the 20th CPC National Congress, which is rare in the current international situation full of uncertainties.

As the world’s largest political party, which leads the world’s second-largest economy and has more than 96 million Party members, the CPC’s political firmness, continuity and stability not only concerns the 1.4 billion Chinese people, but also the entire human society. The great changes taking place in the first decade of the new era have once again proved that the CPC can not only lead the people to achieve the “governance of China,” but also create a new form of human civilization with Chinese modernization.

The prosperity of the country and the happiness and well-being of the people are the common pursuits of all mankind, and China is no exception. However, what is unique about China is that it has embarked on a new path that suits its own national conditions and has achieved remarkable results. The great changes taking place in the decade of the new era further show how important it is to choose a pair of shoes that fit the forerunner’s feet and walk down the right path. The 20th CPC National Congress has proposed to advance the rejuvenation of the Chinese nation on all fronts “through a Chinese path to modernization,” and underscored it as the “central task” of the CPC on the new journey of the new era. And this great process will also have a profound impact on the world and benefit mankind.

During Sunday’s event, General Secretary Xi reiterated that “China will open its door wider to the rest of the world,” and pointed out that “just as China cannot develop in isolation from the world, the world needs China for its development.” This displays the global vision and the care for the world of Chinese communists in the new era. At the 20th National Congress of the CPC, “holding dear humanity’s shared values of peace, development, fairness, justice, democracy, and freedom; and advancing the building of an open, inclusive, clean, and beautiful world that enjoys lasting peace, universal security, and common prosperity” was approved to be written into the Party Constitution. Such a mind-set and ambition are rare in the history of world political parties.

“China is embarking on a long journey, one filled with glories and dreams.” In the face of changes in the world, times, and history, China’s determination to take the road of socialism with Chinese characteristics will not change, its determination to learn from others and practice win-win cooperation with other countries will not change, and its determination to walk hand in hand with the world will not change. The CPC has provided both China and the world with a clear sense of direction and great certainty. This is very rare and extremely valuable for a world entering a new phase of turbulence and transformation.

Global Times: https://www.globaltimes.cn/page/202210/1277789.shtml

Registration open to the public to compete globally from home and get a systematic analysis of students’ math skills.

SEOUL, South Korea, Oct. 24, 2022 /PRNewswire/ — The Eye Level Math Olympiad 2022 (a.k.a.ELMO 2022), where students between grades 1 through 8 from all over the world compete for their math skills, will take place in November across 15 countries worldwide.

As some countries are still struggling from the pandemic, the ELMO 2022 will be held online for the safety of the participants. The test will consist of three sections that challenges the students’ arithmetic skills as well as their critical thinking skills. Questions are carefully designed for each grade level in terms of assessment scope and difficulty and will allow students to see where they stand in a global level.

All participants will receive a certificate of participation and a systematic analysis of their math skills in various aspects. The official results and winners will be announced on myeyelevel.com in January 2023 and the Award Ceremonies for outstanding participants will be held locally at each regional office’s discretion.

The event is open to any elementary and middle school students from grades 1 through 8 and will be held between November 12th to November 27th, according to each country’s schedule.

Registration for the ELMO 2022 is currently available online. Prospective participants can find out more information about the competition and register at myeyelevel.com.

About Eye Level

With more than 2.8 million children from 20 countries who have experienced the program, Eye Level is one of the global leaders in education services. With academic achievement as its top priority, Eye Level believes that each child has the potential in learning.

Eye Level guides the students to plan their own roadmap, learn at their own pace, and achieve their goals. With a growth-minded learning process, Eye Level helps students build good learning habits that become the foundation of great talent – setting them up for success in school and beyond.

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RIYADH, Saudi Arabia, Oct. 24, 2022 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today announced the promotion of Faisal Sultan to Vice President and Managing Director of Lucid Middle East, reporting directly to Peter Rawlinson, Lucid’s CEO and CTO. Mr. Sultan joined Lucid in 2019 and has since spearheaded major initiatives for the company in the region, including guiding the factory construction contract in Saudi Arabia, developing sales and service plans, negotiating the purchase of a fleet of up to 100,000 vehicles by the Government of Saudi Arabia over a ten-year period, managing relationships with key partners, suppliers and government officials, and leading this week’s opening of the company’s first Middle East Studio in Riyadh.

“As we open Lucid’s first retail studio here in Riyadh, I am delighted to announce that Faisal Sultan has been promoted to Vice President and Managing Director of Lucid Middle East,” said Peter Rawlinson, Lucid’s CEO and CTO. “Our mission is to inspire the adoption of sustainable energy by creating the most captivating electric vehicles in the world, and the Middle East is a strategic region in fulfilling that mission, for both manufacturing and retail. This requires deep knowledge of the area along with business acumen, and we are very fortunate to have Faisal leading our team here in the Middle East.”

Mr. Sultan has 23 years of combined automotive experience with Lucid, Industrial Clusters, FCA, Magna, Ford, and GM, where he held leadership positions spanning industrial development, manufacturing, operations, engineering, and program management. He also has global experience stretching across North America, Asia, Europe, and Australia.

Prior to joining Lucid, Faisal served as Senior Director, Automotive for Industrial Clusters in Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources. There, he led the team that developed and implemented the Automotive Development Policy for the country’s localization of automotive manufacturing, supply chain development, and human resource capabilities. Faisal holds a M.B.A. from New York Institute of Technology and a Master of Automotive Engineering from Lawrence Technological University.

About Lucid Group
Lucid’s mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company’s first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. The Lucid Air Grand Touring features 819 horsepower and an estimated 830 kilometers of range. Customer deliveries of Lucid Air, which is produced at Lucid’s factory in Casa Grande, Arizona, are currently underway to U.S. customers.

Media Contact
International: media@lucidmotors.com

Regional:
Ibrahim Anabtawi, Brunswick Group: LucidKSA@brunswickgroup.com

Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

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New Riyadh Studio set to open at 9:00 AST on Tuesday, October 25th at I Mall, Riyadh

RIYADH, Saudi Arabia, Oct. 24, 2022 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the opening of its first Studio in the Middle East, located in Riyadh, Saudi Arabia. The luxury retail space will invite customers to experience the brand and its products in the heart of Riyadh’s Al Nakheel District. With a direct-to-consumer model, every Lucid Studio offers a digitally oriented premium experience tailored to each customer’s preferences, whether they visit in person, make enquiries entirely online, or combine the two.

“The launch of our first Studio in the Middle East marks yet another step towards Lucid’s mission to inspire the adoption of sustainable energy on a global scale, and I’m delighted this brand-new studio is set to open here in Saudi Arabia,” said Peter Rawlinson, Lucid’s CEO and CTO. “Saudi Arabia recognizes the seismic transition toward automobile electrification and it looks to the future to secure a better world for generations to come with Saudi Vision 2030.”

Lucid’s Riyadh Studio will allow customers to fully experience the brand and gain information about its products in a location that underscores the company’s unique design aesthetic. Exploring a Lucid Studio, visitors will get a vision of how the company draws inspiration from the beauty, innovation, and diversity of its home, the state of California.

“We are incredibly excited to be celebrating this milestone today, opening our Studio in Riyadh is another positive step of our journey in Saudi Arabia,” said Faisal Sultan, Vice President and Managing Director of Lucid Middle East. “Our in-depth knowledge of the region and our strategic partnerships enable us to deliver products catered to our customer base in the Middle East, and we’re delighted to be able to meet their growing demands for electric cars in our journey to combat climate change.”

Earlier this year, Lucid announced plans for a full production factory at King Abdullah Economic City (“KAEC”) in Saudi Arabia. Lucid plans to establish operations at KAEC for re-assembly of Lucid Air vehicles that are pre-manufactured at the company’s U.S. AMP-1 Manufacturing Facility in Casa Grande, Arizona, and, over time, for production of complete vehicles. At its peak, the company expects to manufacture up to 155,000 vehicles per year at the KAEC facility.

In April 2022, Lucid announced an agreement with the Government of Saudi Arabia, under which the Government will purchase up to 100,000 vehicles over a ten-year period, with an initial commitment to purchase 50,000 vehicles and an option to purchase up to an additional 50,000 vehicles over the same period.

About Lucid Group
Lucid’s mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company’s first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. The Lucid Air Grand Touring features 819 horsepower and an estimated 830 kilometers of range. Customer deliveries of Lucid Air, which is produced at Lucid’s factory in Casa Grande, Arizona, are currently underway to U.S. customers.

Media Contact
International: media@lucidmotors.com

Regional:
Ibrahim Anabtawi, Brunswick Group: LucidKSA@brunswickgroup.com

Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

Forward-Looking Statements
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations with respect to Lucid’s Riyadh studio, including studio experience, Lucid’s plans, strategies, and expectations regarding its future manufacturing capabilities and facilities in Saudi Arabia, including future production capacity, Lucid’s expectations regarding the Government of Saudi Arabia’s commitment to purchase vehicles, and the promise of Lucid’s technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid’s management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading “Risk Factors” in Part II, Item 1A of Lucid’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid’s expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid’s assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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