Lucid Motors is helping oil-rich Saudi Arabia go electric in its ambitious plan to become a carmaking powerhouse
Saudi Arabia is tapping Tesla rival Lucid Motors to help it become a hub for making electric cars, part of the energy-rich kingdom's ambitious plan to be less reliant on its oil income.the Financial Times
The kingdom is pouring dollars into the effort, overseen by its $600 billion Public Investment Fund. The sovereign wealth fund has already spent about $2 billion picking up a majority stake in Lucid, per the FT. It has reaped hefty profits from its oil sales over the past year on the back of Russia's war with Ukraine, which sent crude prices soaring in 2022. Its state-owned oil company Saudi Aramco posted aTapping into the EV industry is also a way to create new jobs and skills in the economy, as Saudi Arabia seeks to capitalise on the expected growth in the sector thanks in part to climate change initiatives.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Lucid Motors is helping oil-rich Saudi Arabia go electric - AutoblogSaudi Arabia is tapping Tesla rival Lucid to help it become a hub for making electric cars, part of its plan to be less reliant on its oil income.
Consulte Mais informação »
Saudi Arabia to Send Its First Female Astronaut Into SpaceRayyanah Barnawi will fly to the International Space Station later this year.
Consulte Mais informação »
Houston's Axiom Space will take Saudi Arabia's first female astronaut to the space stationSaudi Arabia announced Sunday that female astronaut Rayyanah Barnawi and male astronaut...
Consulte Mais informação »
Jared Kushner’s money from Saudi Arabia comes into sharper focusSo, clearly this is the sort of controversy that warrants some attention from House Oversight Committee Chairman James Comer, right? Wrong. (via MaddowBlog)
Consulte Mais informação »
Probe into Jared Kushner's Saudi ties 'on the table,' Republican saysThe Trump administration's ties to Saudi Arabia are facing new scrutiny after a report saying Jared Kushner received $2 billion in Saudi funds.
Consulte Mais informação »
Zia Mohyeddin, British-Pakistani ‘Lawrence of Arabia,’ ‘Immaculate Conception’ Actor, Dies at 91Zia Mohyeddin, a British-Pakistani actor known for films “Lawrence of Arabia” and “Immaculate Conception” and the stage version of “A Passage to India,” died on …
Consulte Mais informação »