LCID - The Saudi Public Investment Fund (PIF)is Lucid’s majority shareholder, with deep strategic interest in the company’s success.

• In August 2024,  injected $1.5 billioninto Lucid via convertible preferred stock and credit lines.
• This backing is not just financial—it’s geopolitical. Lucid is central to Saudi Arabia’s Vision 2030 strategy to diversify beyond oil.
  • Lucid reported $4.86 billion in liquidity, including cash, equivalents, and credit access.