Lucid Motors Gets Massive $1.5 Billion Lifeline

Lucid Motors Gets Massive $1.5 Billion Lifeline

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For your information, you can find below the description of the video Lucid Motors Gets Massive $1.5 Billion Lifeline published by the Youtube channel Bloomberg Television:

An affiliate of Saudi Arabia's Public Investment Fund gave EV maker Lucid Group a cash injection of $1.5 billion. CEO Peter Rawlinson says the infusion will help the California company through the launch of its Lucid Gravity next year and beyond. The carmaker has been working to overcome production hurdles and slowing EV demand.
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