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Lucid Motors Gets Massive $1.5 Billion Lifeline
Posted
August 6, 2024
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August 6, 2024
53,514
753
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8:23Now PlayingAn affiliate of Saudi Arabia's Public Investment Fund gave EV maker Lucid Group a cash injection of $1.5 billion. CEO Peter Rawlinson says the infusion will help the California company through the launch of its Lucid Gravity next year and beyond. The carmaker has been working to overcome production hurdles and slowing EV demand.
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