Lucid Group Inc. (NASDAQ:LCID) announced the appointment of Silvio Napoli as its new CEO. Napoli will take over from interim CEO Marc Winterhoff, who will remain as the company’s Chief Operating Officer.
This leadership transition is part of Lucid’s strategy to enhance its production and sales in the fiercely competitive EV market.
Additionally, Lucid unveiled an expanded partnership with Uber Technologies Inc. (NYSE:UBER), supported by an extra long-term investment from Ayar Third Investment Company, an affiliate of the Public Investment Fund (PIF).
Uber has pledged to increase its purchase to a minimum of 35,000 Lucid vehicles for its upcoming global robotaxi service.
Lucid Group has priced a $300 million underwritten public offering of common stock, with the deal expected to close around April 15, 2026.
Uber has also pledged an additional $200 million investment in Lucid, bringing its …
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