Lucid is raising $1 billion from an affiliate of Saudi Arabia’s Public Investment Fund, bolstering its 2024 release of Gravity, the all-electric Lucid SUV.
Women and electric cars can pair well, with EV ownership being easier thanks to more well-lit, safe public charging stations and minimal EV maintenance needs.
The $1.3 billion investment into Toyota’s Kentucky plant prepares it for the production of a three-row battery electric SUV tailored for the U.S. market.