Lightyear announces a $23 million Series B investment round to enhance retail investing in the UK and unveils new AI-driven market intelligence tools.
High-end international restaurants and fast-food brands are entering the Irish market even as domestic restaurants struggle with a slowdown due to the cost-of-living crisis.
Lucid Group is set to launch two mass-market vehicles under $50,000 by late 2026 to compete with Tesla's Model 3 and Model Y. With a projected 72% growth in sales by 2025 and 97% by 2026, the Gravity SUV's debut is expected to significantly boost revenue, signifying Lucid's ambitious plans for market expansion.
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"We will enter the compact SUV segment, by the way the biggest and fastest growing segment in the world, and we will obviously make sure it comes with all the Polestar DNA," the company's new CEO, Michael Lohscheller, stated during the update, reflecting Polestar's commitment to innovation in the automotive market despite potential regulatory hurdles.