Saudi's PIF invests more than $1 bln in Lucid Motors

Caliber Imaging & Diagnostics

17/09/2018 14:06

DUBAI, Sept 17 (Reuters) - Saudi Arabia's Public Investment
Fund said on Monday it had agreed to invest more than $1 billion
in Lucid Motors to produce electric vehicles.
    The deal will provide funding to enable the commercial
launch of Lucid's first electric vehicle, the Lucid Air, in
2020.

 (Reporting by Tom Arnold and Maher Maher Chmaytelli; editing by
Louise Heavens)
 ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters
Messaging: tom.arnold.thomsonreuters.com@reuters.net))