Cleantech & EV'sNews

Lucid (LCID) just had its fourth straight quarter with record EV deliveries to top off 2024

January 8, 2025
Lucid’s (LCID) stock is trending on Monday after the EV maker reported record deliveries for the fourth straight quarter. Production also picked up in Q4, pushing Lucid over its 2024 target. Lucid Q4 and full-year 2024 EV production and deliveries Lucid built another 3,386 vehicles at its manufacturing plant in Casa Grande, Arizona, in the fourth quarter, representing over 40% growth compared to…
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Cleantech & EV'sNews

Lucid raises $3B from Saudi Arabia's PIF and stock sale

June 2, 2023
EV startup Lucid (LCID) revealed it is raising roughly $3 billion through a public stock sale and new investment from its majority stockholder, Saudi Arabia’s Public Investment Fund (PIF). Lucid raises $3 billion via stock sale Lucid, like most EV startups, is struggling with rising input costs as it works to ramp production. To make matters worse, falling valuations are making it harder to…
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