Lucid Motors Expands Uber Partnership and Appoints New CEO
2 sources·2 updates
Lucid Motors has strengthened its partnership with Uber by selling an additional 15,000 robotaxis, specifically Lucid Gravity SUVs, raising Uber's total investment in the company to $500 million. The announcement coincides with the appointment of Silvio Napoli as the new CEO, who will be relocating from Switzerland to the US.
Key Points
The expanded deal follows a previous agreement for 20,000 vehicles announced last year.
The Saudi Arabian Public Investment Fund is investing an additional $550 million in Lucid Motors.
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