Written by Cláudio Afonso | LinkedIn | X
Electric vehicle maker Lucid Motors announced that it is partnering with e&, the largest publicly listed telecommunications provider in the United Arab Emirates (UAE), to enhance its in-vehicle connectivity in the Middle East.
The UAE government holds a 60% stake in e&, while the remaining 40% is publicly traded.
“We are excited to integrate e& UAE high-performance SIM cards into our Lucid vehicles. This partnership will deliver reliable connectivity, ensuring our customers stay connected wherever they go,” the company wrote on a LinkedIn post.
The partnership announcement comes during a critical week for the electric vehicle maker as it filed with the SEC for a share offering of over 262.4 million shares and provided preliminary third-quarter financial results. Over the last five days, Lucid shares lost nearly 23% of its value.
E&, formerly known as Etisalat, operates in 32 countries across the Middle East, Asia, and Africa.
The company offers a suite of in-vehicle connectivity services, including Wi-Fi, telematics, and real-time data access, essential for supporting connected and autonomous vehicles.
Lucid is not the only EV maker announcing a partnership with e& this week. China’s Nio has also joined forces with the telecom provider to offer similar connectivity solutions across the Middle East and North Africa as it prepares to start selling in those markets later this year.
Earlier in the week, Lucid partnered with the Four Seasons Hotel Group across the U.S., Europe and the Middle East regions to provide guests with Lucid vehicles for their use and also offer chauffeured trips and test drives.
In the third quarter of the year, the company produced 1,805 Air sedans while delivering 2,781 units.
Production declined 14.5 percent sequentially from 2,110 vehicles to 1,805 units while deliveries reached a new record. However, the company warned that 8% of them were “subject to operating lease accounting”.
Written by Cláudio Afonso | LinkedIn | X
