Lucid Motors, the firm behind ground-breaking fully-electric cars such as the Lucid Air, is set to acquire select Arizona-based facilities and assets from now-bankrupt electric and hydrogen truck manufacturer, Nikola.
The acquisition will focus solely...
As revealed in Lucid Motors' Q2 financial report, the manufacturer has received an additional $1.5bn worth of funding from Saudi Arabia's sovereign wealth fund, the PIF.
PIF already owns a majority 60% stake in Lucid...
Trademarks for a ‘Lucid Earth’ model were found earlier this year on the United States Patent and Trademark Office database, hinting at an upcoming model from the American luxury EV manufacturer.
Then just this week,...
Lucid Motors CEO targets Tesla's turf, unveiling plans for a new EV aimed at the family car market. Priced at around $50,000, it's set to rival Tesla's Model 3 and Model Y.
It looks to...
