Uber to invest $300m in Lucid amid plans to launch over 20,000 robotaxis in cities around the world
Lucid Motors
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Lucid Air
Saudi Arabia’s Lucid Air sets world record with 1,205km drive on a single charge
Lucid Air Grand Touring sets new Guinness World Record with 1,205km electric drive on a single charge
automotive industry
NIO MENA CEO eyes battery swaps to win over Gulf’s luxury EV market
How Mohammed Maktari is rewiring the Middle East’s EV future
Lucid electric vehicle
Saudi-backed EV maker Lucid expects to raise $1.67bn from stock offering
The company expects to report a loss from operations in the range of $765mn to $790mn for the quarter ended September 30
Electric car
Lucid boss: Saudi Arabia ‘absolutely’ set to be global automotive hub with ‘relentless pursuit of innovation’
Lucid Middle East’s VP and MD speaks to Arabian Business about the all new Jeddah facility, Vision 2030, the launch of its SUV line and more
Ceer
Most Saudi residents likely to purchase battery electric vehicles: Report
The demand is anticipated to further incline to over 85% of the population by 2035
Electric car
Lucid announces UAE expansion with Dubai showroom, EV prices start at $84,000
Saudi-owned Lucid Group opens second Middle East studio with retail outlet and service centre in Dubai
electric vehicle
Saudi Arabia’s Lucid sees shares jump after record sales
Saudi-backed electric vehicle maker Lucid sees shares climb amid delivery boost
Automotive
PIF forms Tasaru to boost Saudi car industry
Saudi Arabia’s Public Investment Fund to develop motoring industry in the Kingdom
electric vehicle
Saudi Arabia a world leader in electric vehicle market: minister
Saudi Arabia can lead global electric vehicle market said government minister as Lucid factory inaugurated in King Abdullah Economic City
Electric car
Lucid opens Saudi car manufacturing facility
Lucid plans thousands of jobs in Saudi Arabia amid electric vehicle push
Aston Martin
Saudi-backed Lucid strikes Aston Martin electric car deal
Lucid and Aston Martin will team up to advance iconic supercar maker’s electrification drive
Lucid Motors
Saudi’s PIF increases Nintendo stake, reports $30.9bn US loss in Q4
Saudi Arabia’s Public Investment Fund sees value of US stock plummet, makes fresh investments in Nintendo and Lucid
electric carmaker
Saudi wealth fund ‘supportive’ during supply crunch: electric carmaker Lucid
The supply crunch forced the Newark, California-based startup to cut two production targets this year
automotive industry
Construction starts on Lucid’s first electric vehicle factory in Saudi Arabia with investments of $3.4 billion
Once complete, the manufacturing facility will build up to 155,000 electric vehicles, which are initially slated for the Saudi Arabian market, with Middle East regional deliveries of Lucid Air expected to begin later this year
electric carmaker
PIF-backed Lucid announces deal to sell up to 100,000 electric vehicles to Saudi government
The purchase will take place over a 10-year period
automobile industry
Saudi-backed Lucid Motors sinks after cutting production goal
The luxury electric car manufacturer dropped its 2022 target from 20,000 to maximum 14,000 amidst logistic and supply chain challenges