Saudi Arabia can’t get enough of Lucid as it has put more money into the EV startup. The middle-eastern kingdom increased its investment by 9% in the last quarter, as revealed by SEC filings. The […]
Lucid stock has seen a massive 48 per cent rise and counting as a report is circling that the Saudi Arabia Public Investment Fund is preparing a takeover. StreetInsider issued a watch on the stock, […]
Tesla CEO Elon Musk has been put on the witness stand again in the ongoing fraud trial concerning plans to take the company private. Musk is being sued by some investors over his allegedly false claim […]
Only days after Lucid started deliveries in Europe, the company made its first deliveries in Saudi Arabia. The automaker held a ceremony at their first store in the Middle East in Saudi Arabia’s capital of […]
The EV industry often brings together multiple players through collaboration. Saudi Arabia and Foxconn are the latest, pairing up for an investment in electric cars. Lucid Motors committed to Saudi Arabia manufacturing facility as part […]
In February Lucid Group announced plans to build its second manufacturing facility in Saudi Arabia. The luxury EV maker made it official at a ceremonial signing event today in Saudi Arabia, providing more details about […]
Lucid Group is strengthening its ties with Saudi Arabia announcing a new deal on Tuesday which will see the luxury automaker deliver up to 100,000 Lucid EVs to the kingdom. The deal covers a 10-year […]
A 300-page motion filed with courts late last week has revealed some insights about Elon Musk‘s tweet back in 2018 around ‘funding secured’ to take Tesla private. Musk and Tesla of course are currently being […]
Lucid Motors announced that they have signed three agreements that will set the stage for their first international EV plant in Saudi Arabia. The company announced that they signed agreements with: the Ministry of Investment […]
In 2018 the Saudi Public Investment Fund (PIF) invested more than $1 billion in luxury electric car maker Lucid Motors. As part of that deal, Lucid apparently promised to build an assembly plant in Saudi […]
