In the UAE, several electric vehicles are emerging as strong alternatives to Tesla, with brands like BYD, Polestar, and Lucid gaining attention. These companies offer a variety of models that not only compete in performance but also in features and pricing, appealing to a growing market of environmentally conscious consumers. BYD, known for its extensive...
Lucid Group, Inc., backed by the Saudi Public Investment Fund (PIF), has successfully closed a significant $1.1 billion offering in convertible senior notes due in 2030. This closing includes the full exercise of an option that allowed initial purchasers to acquire an additional $100 million in notes, as stated in an official announcement. Taoufiq Boussaid,...