Lucid Announces New CEO and Secures $750 Million in New Investment from Saudi PIF and Uber
Lucid Motors (LCID) announced the appointment of Silvio Napoli as its new CEO and secured $750 million in new investment from Saudi PIF and Uber. The funding includes $550 million from Ayar Third Investment Company, an affiliate of Saudi PIF, and $200 million from Uber's subsidiary. The company also expanded its autonomous vehicle partnership with Uber.
Topics: autonomous vehicle partnership CEO change EV industry new investment Saudi PIF investment