Lucid Group (LCID) and King Abdullah University of Science and Technology announced a strategic partnership designed to shape the future of EV technology. Leveraging the growing resources in the Kingdom of Saudi Arabia, Lucid aims to further advance the company’s technology leadership. As part of this cooperation, Lucid will have access to KAUST’s supercomputing capabilities. Joint efforts will also focus on the design and prototyping of next-generation components and systems, integrating disciplines such as mechanical, electrical, thermal, and chemical engineering. The collaborative research and development activities will be hosted at KAUST’s advanced laboratories in King Abdullah Economic City.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LCID:
- Charged: Tesla reports disappointing quarterly results
- Trump Trade: Republicans look to introduce $150B defense package
- NHTSA to ease rules on self-driving vehicles criticized by Musk, FT reports
- Lucid Group price target raised to $3 from $2 at Baird
- Lucid (LCID) to Expand EV Offerings with Midsize Electric SUV Launch in 2026