Lucid 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... Lucid gets $1.5B cash injection from Saudis
Lucid 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... 
Some Rivian R1 vehicles with the Max Pack battery will be delivered as Large+ models Vehicles with the Large+ battery pack feature a software-locked usable capacity It's unclear if Rivian will allow Large+ owners to unlock the extra battery capacity later Rivian is selling its revamped 2025 R1T and R1S with the largest Max Pack software-locked... 
Nissan has recalled 2023 Ariya electric SUVs due to a software error that could cause a loss of drive power. The recall covers 1,188 vehicles, all of which were previously recalled for an inverter issue, according to the National Highway Traffic Safety Administration (NHTSA). The vehicles being recalled this time, which may include a mix of... 
A Porsche Taycan wireless charged at a rate of 270 kw The Department of Energy's Oak Ridge National Laboratory (ORNL) partnered with Volkswagen Group for the test No timeline was given to put a system like this in production, but testing will continue In a recent test, the Department of Energy's Oak Ridge National Laboratory (ORNL) wirelessly... 
The M50 is the top-performance model of the BMW i4 lineup Acceleration numbers aside, it’s not the best handling or riding i4 The M50 offers less driving range than other i4s but charges quickly and predictably Until BMW’s lineup of Neue Klasse vehicles arrives in 2025, with the “outsider” i3 EV far in the rearview mirror... 