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Lucid Signs Tire Supply Deal with Pirelli for Saudi Arabia Through PIF-Backed JV
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Lucid Signs Tire Supply Deal with Pirelli for Saudi Arabia Through PIF-Backed JV
Lucid Motors said on Thursday it had signed a long-term agreement with Italian tiremaker Pirelli to supply tires for its vehicles in Saudi Arabia. The tires will be produced locally by a joint venture between Pirelli and the Public Investment Fund (PIF), Lucid’s largest shareholder, which aims to localize tire manufacturing and related technologies. The joint venture was established in late 2023, with PIF holding a 75% stake and Pirelli the rema…
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