Lucid Group on Monday announced that the Saudi Arabian Public Investment Fund (PIF), the automaker's largest shareholder, will inject up to $1.5 billion in cash. The deal will keep Lucid sufficiently funded until the fourth quarter of 2025, reports Reuters, and comes as Lucid prepares to grow its lineup beyond the Air sedan. The PIF took a $1... Lucid gets $1.5B cash injection from Saudis
Lucid Group on Monday announced that the Saudi Arabian Public Investment Fund (PIF), the automaker's largest shareholder, will inject up to $1.5 billion in cash. The deal will keep Lucid sufficiently funded until the fourth quarter of 2025, reports Reuters, and comes as Lucid prepares to grow its lineup beyond the Air sedan. The PIF took a $1...