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PIF-owned Lucid’s Q2 deliveries jump 38% as EV maker narrows operational loss
RIYADH: Electric vehicle manufacturer Lucid Group, majority-owned by Saudi Arabia’s Public Investment Fund, boosted deliveries by 38 percent in the second quarter as it narrowed its operational net loss and adjusted its production forecast for the year. The California-based company handed over 3,309 vehicles in the three months ending June 30, up from 2,394 a year earlier, while it reported a second-quarter operational net loss of $539.4 million, down from $643.4 million a year ago.
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cnbc.com
Lucid softens full-year production forecast as EV maker misses second-quarter estimates
The electric vehicle maker now anticipates producing between 18,000 and 20,000 vehicles for the year after previously projecting a goal of 20,000.
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arabnews.com
PIF-owned Lucid’s Q2 deliveries jump 38% as EV maker narrows operational loss
RIYADH: Electric vehicle manufacturer Lucid Group, majority-owned by Saudi Arabia’s Public Investment Fund, boosted deliveries by 38 percent in the second quarter as it narrowed…