technology

Saudi Prince Acquires 5% Stake in Lucid Motors Amid Speculation

28 Temmuz 2026TechCrunch

A Saudi prince has acquired a 5% stake in Lucid Motors, an electric vehicle manufacturer. This investment follows rumors that Saudi Arabia might consider taking the company private, although Lucid Motors has publicly denied these claims.
The move highlights ongoing interest in the electric vehicle market from Saudi investors.
Saudi Arabia has been actively investing in various sectors, including technology and renewable energy, as part of its Vision 2030 initiative aimed at diversifying the economy. Lucid Motors, known for its luxury electric vehicles, has garnered significant attention in the EV market, making it a target for investment.
The acquisition of a stake in Lucid Motors by a Saudi prince underscores the strategic importance of the electric vehicle sector for investors in the region. While the denial of privatization rumors may suggest a more cautious approach from Lucid Motors, the investment could still signal confidence in the company's…

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