Saudi prince buys 5% stake in Lucid Motors
TechCrunch·July 28, 2026
Saudi Prince Abdulrahman bin Abdullah bin Abdulaziz has acquired a 5% stake in Lucid Motors, an electric vehicle manufacturer. The investment has sparked speculation about a potential takeover, despite Lucid Motors denying rumors that Saudi Arabia may take the company private. The move is seen as a significant development in the EV industry, with Lucid Motors being a key player in the market. The prince's investment highlights the growing interest of Saudi investors in the electric vehicle sector.
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