Lucid Group Inc.’s electric vehicle production dropped in the third quarter and missed analysts’ forecasts, even as deliveries exceeded expectations.

Lucid Group will get a cash infusion of as much as $1.5 billion from an affiliate of Saudi Arabia’s Public Investment Fund, the second time this year the EV maker has received much-needed funding.

Lucid Group Inc. is eliminating 18% of its workforce, including employees and contractors, as the electric vehicle startup looks to cut costs in its second full year of production.

Lucid Group Inc. slumped after lowering its production target for this year to between 12,000 and 14,000 cars, down from a previous goal of 20,000, citing “extraordinary” challenges with logistics and its supply chain.

Lucid Group Inc. disclosed it has become the latest electric vehicle maker to come under U.S. investigation following a merger with a blank-check company, sending its shares plummeting.

Lucid Group Inc. said its debut battery-electric vehicle will be the first production car in the U.S. to include a purpose-built laser sensor, or lidar, enabling a broad range of advanced driver-assistance features.

Lucid Group Inc. has started production on its debut electric consumer car, with deliveries to begin at the end of October.

Lucid Motors Inc.’s last-gasp appeal to investors succeeded in pushing through approval for the electric-car startup’s deal to go public by merging with a blank-check company.

The blank-check company seeking to buy electric-car startup Lucid Motors Inc. made a last-minute appeal for retail shareholders to vote for the deal amid signs that it’s struggling to win their approval.