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ZeroAvia completes another successful financing round led by Airbus and NEOM in Saudi Arabia

Electrek

Hydrogen-electric plane developer ZeroAvia has snagged some additional financial security as it looks to continue development of its zero-emissions flight technology that should one day enable flights in 76-seat aircrafts.

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Lucid Group, Saudi Arabia agree to 100,000 EV fleet deal

Teslarati

Lucid Group announced today that it had reached an agreement with the Government of Saudi Arabia to purchase up to 100,000 electric vehicles from the automaker over ten years. LucidMotors announces deal with Government of Saudi Arabia for purchase of up to 100,000 vehicles over a ten-year period.

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Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Teslarati

Lucid Group announced today that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility with an annual capacity of 155,000 units. billion in aggregate over the next 15 years to build the facility in Saudi Arabia, it said. Lucid Group will receive up to $3.4

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Lucid’s record quarterly deliveries boosted by price cuts, incentives

Teslarati

Lucid’s Q1 results invoked quite a reaction from Elon Musk The report comes after Lucid launched sweeping price cuts , financing offers, and incentives for its Air Sedan in the first half of the year. The automaker’s largest stakeholder is the Saudi Arabia Public Investment Fund, which holds a 60-percent stake in the company.

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Financially troubled Enovate reportedly close to getting life-saving money

CN EV Post

Image from Enovate's Weibo) Enovate Motors, the Chinese new energy vehicle (NEV) startup that announced late last year that it would build a production base in Saudi Arabia, is actually facing financial woes in its home market. In September 2020, the company's first model, the all-electric SUV Enovate ME7, was launched.

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Lucid Motors (LCID) opens up Air lease options to Canada

Baua Electric

Lucid Financial Services, the financing and lease arm of Lucid Group , has announced it is opening up its portfolio of more flexible payment options to Canadian residents. Canada now joins the United States and Saudi Arabia as the latest country in which Lucid Air lease options are available.

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Haldor Topsoe and Aquamarine enter MoU for green ammonia facility based on SOEC electrolysis

Green Car Congress

In the first stage of the project, the proposed facility will use Haldor Topsoe’s proprietary solid oxide electrolyzer cells (SOEC) ( earlier post ) to produce green hydrogen from 100 MW of renewable electricity. An example is the Helios project in NEOM, Saudi Arabia, announced in July 2020, which includes the world’s largest ammonia loop (1.2

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