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BYD mulls increasing EV and battery production capacity in the Kingdom
The Saudi government needs to implement many more reforms and policies to reach double digit growth
PIF puts down an extra USD 1.5 bn for Lucid Motors
The funds are split into a stock purchase and a delayed draw term loan
Lucid remains in the red in 2023. PLUS: Results from Qassim Cement, Thob Al Aseel
Lucid expects to produce 9k vehicles in 2024
PIF-back Lucid expands US EV plant and inks supplier agreement with Ma’aden
The new expansion will see the automaker develop a new general assembly line, quality and semi-knock down centers, and expanded…