NasdaqGS:LCIDAuto
Lucid’s Saudi Expansion Raises Questions On Funding, Cash Runway And Value
Lucid Group is preparing to begin full scale electric vehicle manufacturing in Saudi Arabia, moving beyond limited assembly activity.
The Saudi facility marks the company’s first major production hub outside the United States and deepens its ties with Saudi Arabia's Public Investment Fund.
This step comes while Lucid continues to rely on external funding and works through ongoing financial pressures.
For investors watching NasdaqGS:LCID, this manufacturing move lands after a difficult...