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5 Articles
5 Articles
Lucid's Path to Wall Street Approval - PressReach
Lucid Group, a notable player in the electric vehicle sector, has been making waves with its luxury electric cars. Yet, despite its impressive offerings, the company still has a significant hurdle to overcome before it can fully win over Wall Street investors. The primary concern lies in its ability to scale production effectively, a challenge that many automotive startups face. Lucid’s flagship model, the Lucid Air, has been praised for its inn…
Lucid–Uber: How Saudi Arabia’s PIF Is Bringing Together Its Two Investments
Saudi Arabia’s sovereign wealth fund is moving to align two of its most prominent US investments — ride-hailing platform Uber and electric vehicle maker Lucid Motors. The Public Investment Fund (PIF), which manages more than $925bn in assets, last week saw two of its portfolio companies announce a joint robotaxi initiative with the privately held autonomous driving startup Nuro. Under the agreement, Uber is set to deploy at least 20,000 Lucid Gr…
Lucid Motors, Nuro and Uber are set to launch self-driving cars next year. The three companies announced a major collaboration in road transportation... ...
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