Remove Motors Remove Saudi Arabia Remove SUV
article thumbnail

Lucid Secures Additional $1.5 Billion Investment from Saudi Arabia

Electric Cars Report

billion investment from its largest shareholder, Saudi Arabia’s Public Investment Fund (PIF). The funding will be used to accelerate production of the highly anticipated Gravity SUV and support the construction of a new Saudi Arabian factory with an […] The post Lucid Secures Additional $1.5

article thumbnail

Hyundai EV pilot test to support ultraluxury tourism in Saudi Arabia

Teslarati

Hyundai will run pilot tests with its electric vehicles (EVs) and hydrogen fuel cell cars to boost ultraluxury tourism in Saudi Arabia. Hyundai Motor Group signed a memorandum of understanding with Red Sea Global to run pilot tests in the ultraluxury tourism destination of Amaala and Ummahat Islands resort.

article thumbnail

Lucid Motors announces first international plant in Saudi Arabia

Teslarati

Lucid announced that its first international plant will be located in Saudi Arabia. The Arizona-based EV manufacturer estimates that its plant in Saudi Arabia could increase Lucid’s value by up to $3.4 Credit: Lucid Motors). Lucid chose KAEC as the location of its international plant in Saudi Arabia.

article thumbnail

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

Teslarati

Lucid Motors set a quarterly record for deliveries in the second quarter, as was boosted by the company’s recent price cuts and incentives for the Air sedan. Lucid also says it plans to increase production and deliveries in the second half of the year, ahead of its plans to launch the upcoming Gravity SUV. Pacific Time.

article thumbnail

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

Baua Electric

Blossoming American EV automaker Lucid Motors ($LCID) is having a busy summer. While we await the arrival of Lucid’s long-promised Gravity SUV later this year, the RWD Air Pure has solidified itself as the current most efficient passenger vehicle in the world, delivering an impressive 5 miles per kWh range efficiency.

Canada 52
article thumbnail

Lucid launches Air sedan leases in Canada for the first time

Teslarati

Electric vehicle (EV) maker Lucid Motors has launched leasing options for its Air sedan in Canada, as announced by the company this week. since its launch, and the news comes as the EV maker prepares to start production of its second EV and first SUV, the Gravity. The Lucid Air has been available to lease in the U.S. since then.

Canada 113
article thumbnail

Lucid Air GT drives way over 500 miles in highway range test

Teslarati

Luxury electric vehicle (EV) maker Lucid Motors holds the crown for some of the longest-ranged vehicles with the Air sedan, and a recent range test of the 2025 model year version of the vehicle’s Grand Touring trim showed it reaching well over 500 miles before the battery dies. The upgrade-level Sapphire is rated for 427 miles.

Miles 135