Lucid delivered 2,394 vehicles in the quarter ended June 30, above estimates of 1,940 units.
This strategic move aims to leverage DP World’s global network to enhance the market’s connectivity with 77 ports worldwide
Renault CEO Luca de Meo described the deal as creating a “dream team” that would “reinvent” the future of combustion-engine and hybrid technologies
The energy giant signed a letter of intent in March 2023 with a view to possibly becoming a minority shareholder in the JV
Rivian will form an equally controlled joint venture with Volkswagen to share EV architecture and software
SingAuto’s initiative to build the world’s largest commercial EV industrial district marks a significant step towards a sustainable, innovative, and efficient logistics landscape for the region
Valiant joins the ranks of Valkyrie, Vantage and upcoming mid-engine supercar Valhalla as collectible specials
EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand
The new traffic law, aims to facilitate the broader adoption of self-driving vehicles and electric cars, keeping in line with advances in modern urban planning and sustainability efforts
The additional Turkish tariff will be set at a minimum of $7,000 per vehicle, with effect from July 7
With the inauguration of the latest studio in Dubai, Lucid now has 38 studio locations worldwide
BYD, which has been accelerating its international expansion, still trails multi-branded automakers such as Toyota, Volkswagen, General Motors and Stellantis, in sales
The layoffs at Lucid will impact employees at all levels, including leadership and mid-level management,
The company said it expects capital expenditure of $1.5bn this year, compared with $910.6m in 2023
In an interview with Gulf Business, Alex Hirschi shares her journey from influencer to entrepreneur and co-founder of SBX cars, a new luxury car auction platform
As the UAE’s premier motorsport and entertainment venue, Dubai Autodrome hosts some of the largest motorsport grids in the region plus a host of international events
US labour law requires companies with 100 or more employees to notify authorities ahead of mass layoffs
The automaker said its plan for new models would let it better control capital expenditures during “uncertain times”
Al Futtaim’s Carlos Montenegro says rains in the UAE have spurred a surge in demand for pre-owned SUVs
The automaker’s CTO shares the company’s mandate on pioneering innovation and sustainable transportation
Lucid said last month it was raising $1bn in capital from Ayar Third Investment Co, an affiliate of Saudi Arabia’s Public Investment Fund
The Range Rover SV Bespoke Sadaf is limited to only 20 units for the region
Some Tesla investors and analysts said valuing a robotaxi business for Tesla is much more difficult than a low-cost car
Xiaomi built a Beijing factory capable of producing 200,000 cars annually before it had regulatory approval to start manufacturing in China
The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital
The funding comes after a year of significant growth for Moove that saw the company increase its annual recurring revenue to more than $115m
Chinese automotive giant Chery Automobile is gearing up to launch two of its newest global brands in the UAE and Saudi markets later this year
The electric carmaker awarded the contract for a production facility spanning more than one million square meters
Several employees working on the electric car project will be shifted to the firm’s artificial intelligence division
The new Artura Spider is McLaren’s first-ever high-performance hybrid convertible