Home Procurement NewsLucid gets $1.5 billion cash infusion from Saudi shareholder, beats revenue estimates

Lucid gets $1.5 billion cash infusion from Saudi shareholder, beats revenue estimates

August 5, 2024•

Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject $1.5 billion in cash, as the electric vehicle maker looks to add new models to its product line.

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Last modified: August 5, 2024

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