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Lucid Motors secures $1.5 billion funding from Saudi Arabia's PIF

Started by Redaktion, August 06, 2024, 09:29:36

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Redaktion

August 06, 2024, 09:29:36
Lucid Group has just announced a whopping $1.5 billion investment from an affiliate of Saudi Arabia's Public Investment Fund (PIF). The funding comes as Lucid is starting production for its highly anticipated Gravity SUV and looks to strengthen its financial position amid ongoing challenges. With this investment, Lucid expects to maintain sufficient liquidity through the fourth quarter of 2025.

https://www.notebookcheck.net/Lucid-Motors-secures-1-5-billion-funding-from-Saudi-Arabia-s-PIF.871848.0.html
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