US 'New Auto Force' Lucid announced that Silvio Napoli, former Chairman and CEO of elevator manufacturer Schindler, will take on the role of new CEO and join the board of directors. Lucid stated that Silvio Napoli's expertise and leadership will lay the foundation for the company's next phase of growth. The company plans to expand production of its existing models and introduce a mid-size platform model. Meanwhile, an affiliate of Saudi Arabia's sovereign wealth fund PIF has committed to investing $550 million, while ride-hailing giant Uber has added an additional $200 million investment and expanded the scale of its Robotaxi partnership project to 35,000 vehicles.
