Electric vehicle (EV) manufacturer Lucid Group has dismissed recent speculation surrounding its financial health, labelling bankruptcy rumours as "completely false". The claims have sparked concern among investors and industry observers, particularly in light of the ongoing challenges faced by several major EV manufacturers. Lucid, which has received significant investment and has a high-profile partnership with Saudi Arabia's Public Investment Fund, has been working to establish itself as a major player in the EV market. With a focus on luxury electric vehicles, the company's response to the bankruptcy rumours suggests it remains committed to its ambitious growth plans.
Lucid calls bankruptcy rumours ‘completely false’ Arabian Gulf Business Insight | AGBI
