PIF's Plans to Take Lucid Private Are Part of a Bigger EV Strategy By Saudi SWF

30th January, 2023
Rumors that Saudi Arabia's Public Investment Fund (PIF) is set to take electric vehicle maker Lucid private by buying a 34.5% stake from public markets have fuelled a massive rise in its stock price, following months of steep decline.The development of EVs is part of Saudi Arabia’s Vision 2030, which...
Rumors that Saudi Arabia's Public Investment Fund (PIF) is set to take electric vehicle maker Lucid private by buying a 34.5% stake from public markets have fuelled a massive rise in its stock price, following months of steep decline.The development of EVs is part of Saudi Arabia’s Vision 2030, which...

Please Subscribe To View

Unlock access to exclusive content by subscribing today!

Subscribe Now