Insights into Lucid Group's Ownership and Origin Story
Saturday, 27 April 2024, 15:30
Ownership from the Middle East
Lucid, formerly Atieva, originated in California in 2007 and does not have significant Chinese ownership or headquarters.
Key Points:
- Lucid is majority owned by Saudi Arabia's Public Investment Fund, with significant investments from Vanguard and Blackrock.
- The EV maker has a manufacturing plant in Saudi Arabia with a massive production capacity.
Investment Implications
Investors concerned about Chinese exposure may find Lucid attractive as it's not a Chinese company. However, its ties to Saudi Arabia may impact investment decisions.
Consider Rivian as an alternative U.S. EV company for investment diversification.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.