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Lucid signs investment agreement with Public Investment Fund of Saudi Arabia

Electrans 18092018 2

The investment will help fund the release of the Lucid Air in 2020 Lucid Motors has executed a US$1-billion+ investment agreement with the Public Investment Fund (PIF) of Saudi Arabia, through a special-purpose vehicle wholly owned by PIF. Under the terms of the agreement, the parties made binding undertakings to …

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