Lucid Group

Lucid Group, majority-owned by Saudi Arabia’s Public Investment Fund, has announced the opening of its second studio in the Kingdom, further expanding its presence. This new studio in Jeddah follows the recent launch of Lucid’s Dubai…
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US automaker Lucid Group has secured $1.5 billion in new funding from its majority shareholder, Ayar Third Investment Co., an affiliate of Saudi Arabia’s Public Investment Fund. The deal includes $750 million in convertible preferred…
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Lucid Motors, majority-owned by Saudi Arabia’s sovereign wealth fund, delivered 2,394 electric vehicles in the second quarter of this year, a 21.70 percent increase compared to the first quarter. In a statement, the company said it also…
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Saudi Arabia is set to activate high-speed public charging infrastructure to support the adoption of electric vehicles, thanks to a new agreement. The memorandum of understanding between the electric car specialists Lucid and Electric…
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Lucid Motors, an American manufacturer of electric luxury sports cars and grand tourers, is set to unveil its new, specially designed range of public security vehicles on the sidelines of the World Defense Show in Riyadh next week.…
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US electric carmaker Lucid Motors is set to secure a high-quality aluminum panel supply through an agreement signed with a subsidiary of the Saudi Arabian Mining Co. Ma’aden Rolling Co. has signed a deal with Lucid Motors, majority-owned…
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Saudi-backed carmaker Lucid Group is on track to bolster its manufacturing capabilities thanks to a new expansion of its US Advanced Manufacturing Plant, known as AMP-1. This development will help propel the building capacity ahead of…
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Lucid Group, in which Saudi Public Investment Fund holds a major stake, signed agreements for its first Saudi plant to produce electric vehicles with a value of $3.4 billion. The company signed agreements with the Ministry of Investment…
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