Lucid Motors may facve delays in merging with Churchill Capital IV over negotiations involving a Saudi production facility, WCCF Tech reports.
Lucid Motors has reportedly entered into talks with the $400 billion Saudi sovereign wealth fund, formally known as the Public Investment Fund (PIF), focused on a production facility in the city of Jeddah. The Saudi fund holds a 67 percent stake in Lucid Motors on the back of a $1.3 billion investment made in 2019. Read more.
