Saudis continue to keep electric vehicle maker Lucid flush with cash

Electric vehicles maker Lucid Group, Inc is getting another infusion of Saudi cash. The American company announced it had entered into funding commitments with Ayar Third Investmen...

Read More

Daily Shorts: BlackRock backs Oxy's DAC project, Rivian ups EV production, and more

US electric vehicle maker Rivian Automotive raised its forecast for full-year production to 54,000 units, an increase of 2,000 units. The Amazon-backed company also said it would e...

Read More

Tesla rival Lucid raises $3 billion amid falling sales

Electric vehicle maker Lucid Group announced plans to raise about $3 billion through a stock offering, in a move seen as stockpiling cash ahead of a likely price war with Tesla. Al...

Read More
arrow_upward