Lucid cuts prices of electric sedans for limited time amid EV price wars
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Saudi PIF in discussions to invest in Chinese EV brand
November 7, 2023 9:08 AM ESTAccording to individuals with knowledge of the situation, the sovereign wealth fund of Saudi Arabia is currently negotiating an investment of no less than $250 million in Human Horizons Group, a Chinese electric-vehicle manufacturer.
A move supporting the kingdoms initiative to establish a local automotive sector.
The sources disclosed that the Public Investment Fund (PIF) might secure a stake in the Shanghai-based company at a valuation of $3 billion. They added that while an agreement could potentially be reached within the... More
Lucid (LCID) becomes latest to adopt Tesla (TSLA) charging standard
November 6, 2023 4:32 PM ESTElectric automaker, Lucid (NASDAQ: LCID) announced Monday that, starting in 2025, the company will integrate Teslas (NASDAQ: TSLA) North American Charging Standard (NACS) connectors into their electric vehicles.
All lucid vehicles built with the current Combined... More
Lucid (LCID) cuts EV prices for limited time ahead of Holiday season
November 3, 2023 2:34 PM EDTEarlier this week, Lucid Group (NASDAQ: LCID) reduced the prices of its Air series of high-end sedans for a limited period ahead of the holiday season.
The price change comes in response to intense competition and a decline in the demand for electric vehicles.
The demand for EVs has been affected by elevated interest rates, prompting automotive... More
