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Lucid and Saudi Arabia's KAUST forge EV-focused strategic partnership

Electric automaker Lucid (NASDAQ:LCID) and King Abdullah University of Science and Technology on Monday reported a strategic partnership. The partnership leverages growing resources in the Kingdom of Saudi Arabia to advance key areas in Lucid's (NASDAQ:LCID) technology roadmap while progressing the country's vision for sustainable mobility.

Lucid Motors, an electric vehicle (EV) manufacturer, has entered into a strategic partnership with King Abdullah University of Science and Technology (KAUST) in Saudi Arabia to advance EV technology. This collaboration aims to foster innovation in the EV sector by combining Lucid's expertise in electric vehicle design and manufacturing with KAUST's research capabilities in advanced materials, energy storage, and other relevant fields. The partnership is expected to contribute to the development of new technologies and solutions that will enhance the performance and efficiency of electric vehicles, aligning with Saudi Arabia's vision to diversify its economy and promote sustainable transportation.

Read the Full Seeking Alpha Article at:
https://www.msn.com/en-us/money/companies/lucid-and-saudi-arabia-s-kaust-forge-ev-focused-strategic-partnership/ar-AA1EaNqQ