Remove Financing Remove News Remove Saudi Arabia Remove Supplies
article thumbnail

Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Teslarati

Lucid Group announced today that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility with an annual capacity of 155,000 units. billion in aggregate over the next 15 years to build the facility in Saudi Arabia, it said. Lucid Group will receive up to $3.4

article thumbnail

Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts. percent growth in Q1.

Russia 150
article thumbnail

Report: Aston Martin Seeking Fourth CEO in Four Years

The Truth About Cars

The company attributed the loss to global supply chain troubles and the fact that it had been spending big on new models, including some all-electric vehicles. However, some of the new shareholders that have emerged since 2022 have been somewhat controversial. million for its Q3 results and a net revenue of £362 million.

article thumbnail

Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

The reasons for the cozier relationship between the two giant powers are, of course, rooted in the Ukraine crisis and subsequent Western sanctions against Russia, combined with China’s need to secure long-term energy supplies. The company was also seeking financing for a gas project in Russia despite Western sanctions. “It

Russia 225
article thumbnail

Lucid reports Q1 2022 Earnings tonight: Here’s What to Expect

Teslarati

This became an issue for Lucid, as these parts were usually not easy to get because of global supply chain bottlenecks, which Rawlinson said were the biggest issue in the Air’s ramp up. million, according to Yahoo Finance estimates. 2022 has not been a completely bad year for Lucid. Wall Street Expectations.

article thumbnail

Hyundai begins supplies of hydrogen trucks to Port of California | Autocar Professional

Baua Electric

As part of the project, Hyundai supplied 30 Xcient fuel cell trucks to G.E.T While Hyundai Capital America provides more competitively priced leasing and financing services to trucking companies, Papé, a specialist trucking service in the West, provides vehicle maintenance and service.

Hyundai 52
article thumbnail

Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

The turmoil is likely to have long-term ramifications for supply, and stands in stark contrast to the growing emphasis by governments on securing future access to critical minerals. Nickel and cobalt have also tumbled, weighed down by an influx of new production amid concerns that the shift to EVs may not be as smooth and quick as predicted.

Price 52