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| Lucid Motors launches its first electric car in April |
Lucid Motors-Lucid Air will debut in April in New York (USA).
Lucid Motors, a company that specializes in developing electric cars, has announced that it will launch the first electric car, Lucid Air. This is the final version that was developed for the public three years ago.
Lucid Air's first prototype appeared in 2016 and production started in 2018, but the company postponed work later due to financial problems until the Saudi Public Investment Fund stopped 100%. “A massive investment of one billion dollars, which helped the dollar close the deal. Production in Casa Grande, Arizona, and vehicle production begins.
According to the company, the first production operations must be completed in the fourth quarter of 2020, and the full production of the car should start at the end of the year.
The Kingdom of Saudi Arabia and Tesla invested in a mutual fund two years ago, provided that the company is restructured into a private company, but the investor’s opposition prevented reaching an agreement and targeting the competition of Emerging Lucid Motors and saved $ 1 billion if the company remained a private company.
It should be noted that three people were co-founded by Lucid Motors, among them Bernard Tse, a former member and representative of the Board of Tesla, who together with Sam Wing and Choping founded a private company called Atieva. Known at Lucid Motors.