Lucid Appoints Silvio Napoli as New CEO

Electric vehicle maker Lucid has appointed Silvio Napoli, formerly of Schindler Holding, as its new Chief Executive Officer. This leadership change coincides with a significant capital infusion of $750 million. The investment comes from a consortium including Uber and Saudi Arabia's Public Investment Fund, signaling strong backing for Lucid's future operations and expansion plans. Napoli will now lead the company's strategic direction and operational execution as it navigates the competitive EV market.