Looks like Saudi PIF hold 16.7% of AM, Mercedes own 9.7%.
Mercedes has an exclusive contract to supply AM with engines till 2027. This includes ICE, electric and hybrid.
How does Lucid play into this? Would somone have to pay out the Merc stake to allow for Lucid to supply electrical components? I feel this is one reason PIF was not able to get Lucid to supply AM right now.
Mercedes has an exclusive contract to supply AM with engines till 2027. This includes ICE, electric and hybrid.
How does Lucid play into this? Would somone have to pay out the Merc stake to allow for Lucid to supply electrical components? I feel this is one reason PIF was not able to get Lucid to supply AM right now.