Saturday, October 19, 2024

Dropped Denmark – electric car brand gets DKK 10 billion kroner of oil fund

Elon Musk has several times spoken negatively about Lucid Motors, which, according to the Tesla boss, only relies on money from Saudi Arabia. Now there will be 10 billion kroner.

Lucid Motors has just had a successful quarterly report, and in this connection the car brand's financial director Gagan Dhingra could tell that more money is on the way.

Specifically, one and a half billion dollars will come from Saudi Arabia's state-owned oil fund. The American electric car brand has already built a factory in the country, where so far only small tasks are carried out.

But now, says Lucid, production must step up. The goal is to build 150,000 cars a year in the oil state. The production capacity is to be added to the cars that Lucid builds in the USA. In the second quarter of 2024, the brand sold 2,394 cars.

Lucid should have already been in Denmark. But it has been years since the opportunity to pay a deposit for the brand's so far only Air model disappeared again.

READ ALSO: How expensive is it to cover 100 kilometers in an electric car

The American car brand has since been reluctant to say much about launches in other markets. Not at home either. But Lucid says at the same time that there are more models on the way.

In 2026 or 2027, the assembly lines will be ready to build the first so-called 'volume model'. In other words, a car that more drivers will be able to afford. Lucid states that it will be an SUV with a starting price 'under' 50,000 dollars. This corresponds to 341,000 Danish kroner (or less, ed.)

A somewhat more expensive SUV named Gravity is slowly making its way into production. In any case, the first prototypes are now assembled and ready for testing. Here, Lucid promises to stick to something much in demand among motorists – read more here.

It is not known if – and if so when – Lucid Motors will again accept pre-orders from Denmark. But the last time it was an option in 2020, it cost DKK 2,000 in fees. A fee which, however, would be paid back upon delivery.

Read more exciting news from and about the world of cars right here!

Latest

Don't miss

Car thief blitz – stole 18 cars in a completely new way

A 35-year-old man insisted that he did not need...

Electric car brands occupy the Bella Center: eCar Expo 2024

Europe's largest electric car fair is coming to Copenhagen...

Toyota will refuel hydrogen cars with cartridges

There are probably no hydrogen stations in Denmark anymore....

New figures: Ferrari is the world's fastest growing company

There is no company in the whole world that...

Here are the first pictures of the new Renault 4

Renault 4, the best-selling Renault of all time, is...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

BMW is mad at people who call the new M5 fat

BMW's M department themselves believe that they have designed the new M5 so that it cannot be felt that it weighs more than ever...

Mercedes' director wants to make petrol more expensive every year by force

If it is up to Daimler Trucks' managing director Martin Daum, the price of petrol must rise with new taxes every single year, so...

New battery developed with Mercedes promises miracles in electric cars

In connection with the Paris Motor Show, the Taiwan-based battery company Prologium has shown a so-called solid-state battery that promises miracles in terms of...

Toyota has "no plans" to drop the Supra

The sister car, the BMW Z4, is probably on its way out. But the Supra remains stuck in Toyota's model range, say the Japanese....

15-year-old boy charged with reckless driving in a very small car

A 15-year-old boy is charged with reckless driving after having a speed limit of over 150 kilometers per hour in a densely built-up area...

BMW demands the ban on the internal combustion engine stopped

Stop the ban on the internal combustion engine or become dependent on China, BMW CEO Oliver Zipse said. The Paris Motor Show is in...

Once the world's first, it is no longer found in Denmark

After a period of just two years, the Danish MG importer has withdrawn the world's first electric station wagon from the program. The same...

77-year-old received a bill of DKK 105,000 for charging an electric car

77-year-old Göran Björstad got a bill of 105,000 kroner after he had charged his electric Kia. "This kind of thing happens from time to...

Hyundai Inster has received Danish prices – here is the overview

Hyundai has published the Danish prices for their new electric car model, INSTER, which will be launched at the beginning of next year. The...

BMW refuses to give up – selling petrol cars after 2035

It is both premature and knee-jerk for China to only sell electric cars in Europe in 2035, says BMW director Oliver Zipse. BMW will...

The EU will force Denmark to reintroduce hydrogen stations

New EU requirements are on the way, which means that Denmark will be forced to re-install hydrogen stations. Something that otherwise completely disappeared last...

More than one in three Germans switch from an electric car to a petrol car

34 percent of German drivers who have chosen an electric car have regretted it so much that they have gone back to the petrol...
footer.txt Viser footer.txt.