Category: Electric cars

Lucid gets $1.5B cash injection from Saudis

2025 Lucid Air PureLucid Group on Monday announced that the Saudi Arabian Public Investment Fund (PIF), the automaker's largest shareholder, will inject up to $1.5 billion in cash. The deal will keep Lucid sufficiently funded until the fourth quarter of 2025, reports Reuters, and comes as Lucid prepares to grow its lineup beyond the Air sedan. The PIF took a $1...

GAC Aion Hyper rebranded to HYPTEC, attempting to expand its international markets

Gu Huinan, general manager of GAC Aion, revealed that the brand is actively investigating markets in Europe, South America, Africa, the Middle East, and East Asia.

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