A Saudi prince has acquired a 5% stake in Lucid Motors, an electric vehicle manufacturer. This investment follows speculation about Saudi Arabia potentially taking the company private, which Lucid has denied.
Background
Lucid Motors is an American electric vehicle manufacturer known for its high-performance EVs and advanced technology. The company has been seeking strategic partnerships to support its growth and expansion plans.
- Source
- TechCrunch
- Published
- Jul 29, 2026 at 01:33 AM
- Score
- 5.0 / 10