Lucid secures access to additional $1.75bn in PIF financing
· Cairo time
Lucid Group has obtained $1.75 billion in additional financing from Saudi Arabia’s Public Investment Fund, increasing its total liquidity to $3.75 billion. This financial boost aims to support the company's transformation plan as it prepares to launch a new midsize vehicle lineup and continues its cash flow improvement strategy, while also progressing on a new manufacturing facility in Saudi Arabia.
