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Tag: Lucid Motors

Hyundai Building New Plant In Saudi Arabia For Combustion, Electric Vehicles

Hyundai and the Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, have unveiled their joint endeavor to build an advanced automotive manufacturing facility...

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US Army Suddenly Obsessed With New Energy Storage System

The geared-up US Army ssoldier of the 21st century packs about 25 pounds of batteries on a typical mission, so it’s no surprise that...

Lucid Gets $3 Billion Lifeline, Mostly from Saudi Arabia – The Detroit Bureau

Struggling EV startup Lucid Group got a $3 billion bailout, enough to keep it running until 2025 when it plans to have new, higher-volume...

Analysis of Wall Street’s Perspective on Tesla’s Q1 2023 Earnings Report

Tesla, the electric vehicle and clean energy company, recently released its Q1 2023 earnings report, which has been closely analyzed by Wall Street. The...

Lucid to lay off 1,300 employees for $24-$30M restructuring plan

By Maria Merano Posted on March 28, 2023 ...

Lucid Moves to Cut 1,300 Employees

Lucid Motors announced plans to lay off 1,300 employees as part of a restructuring plan aimed at helping cut costs. A tough market...

Lucid Continues To Expand Its Retail Presence In California

Lucid Motors is revolutionizing the electric vehicle (EV) industry with its luxury electric cars. Lucid has reimagined the driving experience to create an unparalleled...

Orange Business supports Lucid to deliver experience-driven connected car across Europe

Home › IoT News › Orange Business supports Lucid to deliver experience-driven connected car across Europe Orange Business has announced that it has...

Lucid releases Q4 and FY 2022 earnings, posts conservative 2023 forecast

By Maria Merano Posted on February 22, 2023 ...

Middle East & Africa Sales and Production Commentary- January 2023

Middle East/Africa salesDecember 2022: +8.7%; 0.318 million units vs. 0.292 million unitsYTD 2022: +5.6%; 3.756 million units vs. 3.556 million unitsLight vehicle demand in the Middle...

Lucid Motors is providing front drive unit for Formula E

Lucid Motors has announced that it's making a new motorsports drive unit (MDU) for what it calls "the world's leading single-seater electric racing series."...

Lucid spikes 98% on speculation Saudi investment fund may buy out remaining stake

Lucid stock skyrocketed on Friday on speculation that Saudi Arabia's Public Investment Fund would buy out the remaining stake. Saudi...

Lucid Motors produces 3,493 cars in Q4, 7,180 in FY 2022

By Maria Merano Posted on January 12, 2023 ...

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