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A new lawsuit against Lucid Motors has revealed that the California EV startup gave up majority ownership to Saudi Arabia in exchange for the Kingdom’s $1 billion investment. Lucid Motors took the deal in 2018 when it was strapped for cash, and it was announced weeks before the assassination of journalist Jamal Khashoggi.
Upcoming Aston Martin models will draw on electric drivetrain and battery technology developed and produced by Lucid Motors.
See this list of the top 10 electric vehicles company in US to help people travel more while using less energy
Lucid Motors tech division Atieva provides the new front motor drive unit for the Gen 3 Formula E cars that started racing in the 2023 season.
Lucid Group has the Tesla philosophy but is focused on luxury vehicles. Why do I believe LCID has a significant opportunity in the luxury EV market? Find out.