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Lucid (LCID) is converting its sleek electric sedan into a new line of police vehicles

Baua Electric

The EV startup is set to unveil the new EVs at the World Defense Show next week in Saudi Arabia. Lucid to reveal new police vehicles next week Lucid made history by opening the first car manufacturing plant in Saudi Arabia in September. Saudi initially committed to buying 50,000.

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China become the sector’s biggest car exporter in Q1 2023, surpassing Japan

Baua Electric

Within the first quarter of this 12 months, China surpassed Japan and Germany to transform the sector’s biggest car exporter for the primary year, exporting a complete of one.069 Japan impaired to be the sector’s eminent car exporter, exporting 1.047 million automobiles within the first quarter of this 12 months.

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Lucid stocks shed as deliveries shoot crash from Tesla’s price competition

Baua Electric

Lucid has additionally been suffering with a money crunch and had unveiled plans in Might to lift about $3 billion thru a store providing, just about two-thirds of which might come from its biggest investor Saudi Arabia’s Community Funding Charity (PIF). 7 next markets akin.

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Lucid Motors slashes worth of Wind sedan as EV price battle grows

Baua Electric

Over a date in the past, Lucid, which is majority owned by way of Saudi Arabia’s Society Funding Charity, and its friends needed to lift costs of its vehicles as emerging uncooked subject material costs and nagging delivery chain bottlenecks sparked by way of COVID-19 accident the automobile trade crispy.

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Alcoa completes $300M expansion of automotive aluminum sheet plant in Iowa

Green Car Congress

According to automakers, demand for aluminum to produce vehicles—already the second-most-used material used to make cars today—is expected to nearly double by 2025. 2014 marks the beginning of dramatic growth for aluminum in the auto sector. Alcoa is investing approximately $670 million in the three expansions.

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Lucid CEO says Aston Martin EV tech trade in is just the start

Baua Electric

. “Do we ever want to make a $25,000 car because that’s what it’s going to take to change the world?” ” Aston and Lucid percentage a usual shareholder in Saudi Arabia’s Crowd Funding Capitaltreasury, however Rawlinson mentioned the Saudi wealth treasure performed negative function within the trade in.

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China exported greater than 2 million automobiles in first part of 2023, BYD and Chery grew quickest

Baua Electric

million automobiles, a year-on-year building up of 75.7%, in keeping with the China Affiliation of Car Producers (CAAM). Nearest in 2022, the export quantity exceeded 3 million gadgets, making China the second one greatest car exporter next Japan. Within the first part of this 12 months, China exported 2.14 Extra particularly, 1.78

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