Battery Recharge
Saudi PIF pumps another $1.5 billion into Lucid Motors
The California-based EV maker reported Q2 earnings, beating analyst expectations with $200 million revenue after delivering 2,394 cars
An EV made by Lucid Motors, which is majority owned by the PIF, is displayed during the Geneva Motor Show. (Photo: Getty Images)
Add The Circuit on GoogleSaudi Arabia’s Public Investment Fund has pumped another $1.5 billion into electric vehicle start-up Lucid Motors ahead of the launch of its first SUV later this year.
The PIF, which already has a 60% stake in California-based...