Lucid Motors raises another $1 billion from Saudi Arabia as it searches for luxury EV buyers

Lucid Motors is raising another $1 billion from its biggest financial backer, Saudi Arabia, as it looks to blunt the high costs associated with building and selling its luxury electric sedan. The company announced in a Monday morning regulatory filing that Ayar Third Investment, an affiliate of Saudi Arabia’s Public Investment Fund, has agreed to […]


© 2024 TechCrunch. All rights reserved. For personal use only.


http://dlvr.it/T4bMvy

Popular Content

Increasing Your Companys ROI: A Strategic Approach

Steam Deck review: Just portable enough

Search ads could arrive in Apple Maps as early as next year

Engadget Podcast: Hands-on with the ASUS ROG Ally and Tears of the Kingdom

Designing for HVAC: Key Considerations for Contractors

Sonic Mania Plus and Braid come to Netflix's gaming library