LCID Stock: Lucid Motors Announces New Saudi EV Partnership

Lucid Motors (NASDAQ:LCID) is expanding its reach even further. After a week of steady growth, the electric vehicle (EV) startup has announced a partnership with the King Abdulaziz City for Science and Technology (KACST). The Saudi Arabian-based government organization will collaborate with Lucid on projects, allowing the automaker to benefit from its services, products and research facilities. Arab News reports that Lucid plans to use all three for “dedicated research into advanced battery technologies and ...