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Lucid Group, Saudi Arabia agree to 100,000 EV fleet deal

Teslarati

Lucid Group announced today that it had reached an agreement with the Government of Saudi Arabia to purchase up to 100,000 electric vehicles from the automaker over ten years. LucidMotors announces deal with Government of Saudi Arabia for purchase of up to 100,000 vehicles over a ten-year period.

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The Saudi Dilemma: To Cut Or Not To Cut

Green Car Congress

To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. Saudi Arabia is not an exception. At the same time, Saudi Arabia is in a major push to diversify its revenue streams and has committed a lot of money to it.

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Financially troubled Enovate reportedly close to getting life-saving money

CN EV Post

Image from Enovate's Weibo) Enovate Motors, the Chinese new energy vehicle (NEV) startup that announced late last year that it would build a production base in Saudi Arabia, is actually facing financial woes in its home market. The Enovate brand was officially launched in November 2018.

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Elon Musk was ‘recklessly’ Tweeting during 2018 ‘funding secured’ saga: Federal Judge

Teslarati

When Elon Musk Tweeted about potentially taking Tesla private in 2018, he was ‘recklessly’ communicating about an unfinalized deal, according to U.S. “No reasonable jury could find that Mr. Musk did not act recklessly given his clear knowledge of the discussions,” Judge Chen said regarding Musk’s 2018 Tweet.

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Report: Aston Martin Seeking Fourth CEO in Four Years

The Truth About Cars

The company’s share price has also been trending downward since 2018, though it has remained mostly flat since October of 2022. billion in revenue in 2018. While its share price took a dive in 2018, Stroll reeled in new investors and even brought the Aston Martin name back to Formula One (as a distinct entity) after a 61-year absence.

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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.

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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

Green Car Congress

Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry. The market for all recyclables, from mixed plastics to cardboard and paper, collapsed in 2018, when China banned the import of recycled waste materials.

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