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InsideEVs

Technology

Dan Mihalascu

Lucid Secures $3.4B In Incentives, Funding For Saudi Arabia Plant

Lucid Saudi Arabia Lucid Group

Lucid Group and its partners from Saudi Arabia have signed several agreements for the construction of the EV maker's production factory in the Middle Eastern country.

The agreements signed with the Ministry of Investment of Saudi Arabia (MISA), the Saudi Industrial Development Fund (SIDF), Emaar The Economic City at King Abdullah Economic City (KAEC) and Gulf International Bank (GIB) are estimated to provide financing and incentives to Lucid up to $3.4 billion over the next 15 years. The funds will allow the EV startup to build and operate its manufacturing facility in Saudi Arabia.

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Iran Vows Tighter Starlink Crackdown: cyber officials deploy jammers and GPS spoofing; warn satellite internet threatens control

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Thousands of Colombians march against new right-wing president's policies

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Thousands of Colombians march against new right-wing president's policies

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Thousands of Colombians protested peacefully across the country on Wednesday against right-wing President Abelardo de la Espriella, in the opposition’s first major demonstrations since he took office in August. Former leftist president Gustavo Petro led a rally in Bogota joined by trade unionists, Indigenous groups, students and feminist activists.

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