A month after Elon Musk unsuccessfully sought an investment from Saudi Arabia for Tesla Inc., another electric vehicle manufacturer has secured a $1 billion infusion from the oil-rich country.

Lucid Motors Inc., a Newark, California-based company that has a strategic partnership with South Korea’s Samsung SDI Co. and LG Chem Ltd., announced Monday that it had secured a $1 billion investment from Saudi Arabia’s sovereign wealth fund.

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