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Lucid Electric Car Startup Signs $1B Investment Pact With Saudi Wealth Fund - PolockNerd
Oil giant Saudi Arabia has agreed to invest $1 billion in Lucid, a battery-powered electric vehicle (EV) startup based in Silicon Valley, a move that should vault Lucid into the fray among new EV models headed to the automotive market. The Kingdom of Saudi Arabia is making the investment through its public investment fund (PIF), …