Lucid Group, Inc.

Who owns Lucid Group, Inc.? The ownership chain, BAIC Group's stake and the 2014 deal

Facts checked

Lucid Group, Inc. appears here because the ownership graph records a holding in it by a Chinese entity. The chain below is the whole of what this site claims.

BAIC bought 25% of Atieva, the company that later became Lucid Motors, in 2014. Saudi Arabia's Public Investment Fund has since become the majority owner, holding 58.42% as of December 2024, and BAIC's remaining share of Lucid Group is not disclosed. Lucid builds cars in Arizona and Saudi Arabia, not in China.

The short answer

Controlled by BAIC Group
Stakenot published
Since2014
Kindcompany
OriginUS
Top of the chainBeijing Municipal State-owned Assets Supervision and Administration Commission

The chain, step by step

  1. Beijing Municipal State-owned Assets Supervision and Administration Commission owns BAIC Group at 100%.

    BAIC Group is a municipal state-owned enterprise held by the Beijing city government rather than by the central SASAC. The date the present holding structure took its current form was not verified for this entry.

  2. BAIC Group holds a stake in Lucid Group, Inc. since 2014.

    BAIC bought 25% of Atieva, the company that later became Lucid Motors, in 2014. Saudi Arabia's Public Investment Fund has since become the majority owner, holding 58.42% as of December 2024, and BAIC's remaining share of Lucid Group is not disclosed. Lucid builds cars in Arizona and Saudi Arabia, not in China.

Every holding above this entity, with the stake and the date it began.
Holder Holds Kind Stake Since
Beijing Municipal State-owned Assets Supervision and Administration Commission BAIC Group owns 100% not published
BAIC Group Lucid Group, Inc. holds a stake in not published 2014

Related

Sources for Lucid Group, Inc.

  1. Wikipedia, Lucid Motors. Read . PIF 58.42% as of December 2024; BAIC's 2014 purchase of 25% of Atieva; plants at Casa Grande and King Abdullah Economic City.
  2. Wikipedia, BAIC Group. Read . Names the Beijing Municipal Government as owner
  3. Beijing Automotive Group Co., Ltd., 集团简介 (Group profile). Read . BAIC describes itself as a state-owned enterprise