Is Lucid a Chinese company?
Lucid Group, Inc. American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California. Lucid Motors is majority-owned by Saudi Arabia’s Public Investment Fund (PIF), which holds over 60% of the company as of 2025. This strategic partnership has enabled Lucid to secure billions in funding, fueling its global expansion and R&D efforts.Lucid completed the previously announced merger with Churchill Capital Corp IV on July 23, 2021 . The combined company will now operate as Lucid Group, Inc. Lucid will be ringing the opening bell at Nasdaq on July 26 to celebrate the company’s public listing.Lucid is a privately held company. This means only accredited and institutional investors can invest in the company before its IPO.
Who owns 60% of Lucid?
Both Lucid and Uber share a powerful common investor, Saudi Arabia’s Public Investment Fund (PIF). The PIF owns ~60% of Lucid and ~3. Uber. Lucid Motors is majority-owned by Saudi Arabia’s Public Investment Fund (PIF), which holds over 60% of the company as of 2025. This strategic partnership has enabled Lucid to secure billions in funding, fueling its global expansion and R&D efforts.Riyadh, September 17, 2018 – The Public Investment Fund (PIF) of Saudi Arabia announced today that it has executed an investment agreement of over US$1 billion with Lucid Motors (Lucid or the Company), through a special-purpose vehicle wholly owned by PIF (Transaction).Luxury electric vehicle developer, Lucid Motors is headquartered in California but is majority funded by the Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF).This marks the second investment from Saudi Arabia this year, bringing the total investment in Lucid to about $8 billion, with the country’s stake in Lucid now at about 60. Lucid CEO Peter Rawlinson stated that these new funds will ensure liquidity at least until the fourth quarter of 2025.Lucid Motors is majority-owned by Saudi Arabia’s Public Investment Fund (PIF), which holds over 60% of the company as of 2025. This strategic partnership has enabled Lucid to secure billions in funding, fueling its global expansion and R&D efforts.
Is Lucid making money?
The transition is already having a significant impact on Lucid’s operational results. Third-quarter earnings jumped 68% year over year to $336. Gravity SUV. That said, Lucid is still far from sustainable profitability, with an operational loss of $942 million in the period. While this news is positive for Lucid Group, the company continues to burn cash as it scales up. The good news is that revenue is up 45% from last year. The bad news is that it continues to lose significant money. Through Sept. EV maker has an operating loss of $2.NASDAQ: LCID According to the income statement, Lucid is bleeding red ink. It lost $3. Q3 2025 alone and $8. However, the bigger concern is gross profit, since the company is losing money on every single car it makes.Burgeoning Losses, Trimmed Delivery Forecast For 2025 Lucid Motors continued to exhibit high losses, driven by an attempt to improve the scale of its vehicle manufacturing, which resulted in a net loss of $855. Q25.