Saudi Arabia has announced a cluster of automotive businesses with an ambitious SR92bn ($24.5bn) target to transform the Kingdom’s motoring industry.

Backing from Saudi Arabia: Along with a compelling product, startup EV companies also need solid financial backing to fund their cash burn. On this front, no other startup EV company that I can think ...

Despite struggles in 2024, Lucid (NASDAQ: LCID) could be a strong contender for 2025, backed by solid fundamentals and growth ...

American EV manufacturer Lucid Group, backed by Saudi Arabia's sovereign wealth fund, has appointed Taoufiq Boussaid as its ...

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister, has designated “King Salman ...

Shares of the electric vehicle start-up Lucid Group ( LCID 2.57%) fell 9.4% this week, according to data from S&P Global ...

The Lucid Air Touring’s base price is $75,000 after credits. In August, Lucid got a financial lifeline from a fund that Saudi ...

While recently speaking about Aston Martin’s first EV, which is set to arrive later this decade, chief executive Adrian ...

Lucid Group has named veteran finance professional Taoufiq Boussaid as its chief financial officer, the electric vehicle ...

Lucid's largest investor, Saudi Arabia's sovereign public investment fund, injected more cash into the company recently, and Lucid issued new shares back in October, garnering an additional $1.67 ...