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KSA’s SEC grabs 25% stake in Electric Vehicle Infrastructure Company
KSA’s SEC taps into EVs: The Saudi Electricity Company (SEC) — which is majority owned by the kingdom’s sovereign Public…
PIF-backed US automaker Lucid opens up its first international EV plant in KSA
PIF-backed Lucid Group opens up its first international EV plant in KSA: EV maker Lucid Group — which is backed…
Lucid’s revenues increase 35.5% y-o-y while net losses deepen by 71.2%
Saudi Arabia’s Public Investment Fund-backed EV maker Lucid’s net losses increased by 71.2% y-o-y in 2Q 2023 y-o-y to USD…
Lucid has begun delivering luxury Air EVs to Saudi Arabia
Lucid Group has started customer deliveries of its Lucid Air electric sedan in Saudi Arabia, delivering hundreds of the EVs…
EV maker Lucid set to raise USD 3 bn, with KSA’s PIF contributing USD 1.8 bn
Lucid is getting more money from Saudi owners: EV maker Lucid Group plans to raise USD 3 bn through a…
Honeywell reveals new tech for SAF production and Toyota is shopping for green hydrogen projects in the region
New tech for SAF on the way: Honeywell International unveiled a new technology to manufacture lower-carbon aviation fuel from green…
EV maker Lucid Group revenues rise 32% in 4Q 2022
Lucid Group reports 32% q-o-q increase in 4Q 2022 revenue but is yet to break even: US-based EV manufacturer Lucid…
Is PIF acquiring EV maker Lucid Group?
PIF may be mulling an acquisition of EV maker Lucid Group: Market speculation that Saudi Arabia’s sovereign wealth fund, the…
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