EV Maker Lucid Receives $1 Billion Lifeline From Saudi Investor

Lucid Group Inc. is receiving a $1 billion infusion of money from its biggest investor, a subsidiary of Saudi Arabia’s Public Investment Fund, offering the embattled electric carmaker a much-needed lifeline. The new financing Co. se Ayar Third Investment in the form of a personal placement of convertible shares and will be used [. . . ]

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