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EV Maker Lucid Pushes to Net $1.7B with IPO as New Saudi Fund Becomes Lead Investor

EV Maker Lucid Pushes to Net $1.7B with IPO as New Saudi Fund Becomes Lead Investor

Developing and building electric vehicles costs a lot of money, and Lucid Motors has been tapping its Saudi-based investors for billions in additional funding during the past few years. Now, the EV maker plans to go to new source: the public. At the same time, it’s getting a new top shareholder. Find out more about its IPO at Headlight.News.

Automakers Use Paris Motor Show to Push Back Against Combustion Engine Bans

Automakers Use Paris Motor Show to Push Back Against Combustion Engine Bans

Just months ago, it seemed, the internal combustion engine was on its way out, with regulators planning to phase out the technology – in some markets, like Europe, within barely a decade. While automakers once seemed ready to go along they’re now beginning to push back. That includes BMW’s CEO who called for a “correction” of EV-only strategies at this week’s Paris Motor Show.

Motorcyclists Wearing Helmets Die Less Often

Motorcyclists Wearing Helmets Die Less Often

Helmet laws often create discord among motorcyclists, the medical community and other safety experts. The latest study from the Insurance Institute for Highway Safety isn’t likely to quell any of the disagreements. The report shows more than 22,000 riders would’ve have survived fatal crashes during the last four decades. Find out more at Headlight.News.

EV Sales Set Global Record in September

EV Sales Set Global Record in September

Sales of electric vehicles set a new global record in September hitting 1.7 million units. This surpassed the previous record by 150,000 vehicles last December. Unsurprisingly, China is leading the charge, but contrary to what many in the U.S. would tell you, the American market is up 10% through the end of the third quarter. Find out more at Headlight.News.