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Silvio Napoli on New Role as Lucid CEO

Bloomberg Technology

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⚡ Quantum Brief

Silvio Napoli, former Schindler Holding CEO, has been appointed as the new CEO of Lucid, effective April 2026, succeeding Peter Rawlinson amid the electric vehicle maker’s strategic pivot. Lucid secured $750 million in fresh capital from Uber and Saudi Arabia’s Public Investment Fund, signaling renewed investor confidence and potential expansion in ride-hailing and Middle Eastern markets. Napoli’s leadership follows Lucid’s production challenges and slowing EV demand, with his industrial background at Schindler expected to streamline operations and accelerate scaling of its luxury electric vehicle lineup. The funding injection may bolster Lucid’s autonomous driving and battery tech, areas critical for competing with Tesla and legacy automakers in a tightening global EV race. Analysts note the Saudi-Uber partnership could drive Lucid’s adoption in fleet services, aligning with Uber’s 2030 zero-emissions goal and Riyadh’s Vision 2030 diversification plans.

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Apr 14th, 2026Silvio Napoli on New Role as Lucid CEOLucid has announced former head of Schindler Holding, Silvio Napoli, as its latest CEO alongside $750 million of new investment capital from Uber and Saudi Arabia’s Public Investment Fund. He speaks with Ed Ludlow on "Bloomberg Tech."ExclusiveDuration:2:49United CEO Has Pitched Possible Tie-Up With American AirlinesDuration:2:49IEA Warns of Global Oil Demand Decline Amid Iran WarThe Pulse with Francine LacquaDuration:10:07Silvio Napoli on New Role as Lucid CEOTechnologyDuration:12:31KKR Sees Private Credit Resilient Amid Global RisksDuration:2:25Spain's Sanchez Urges China to Do More to End WarsDuration:3:44Israel, Lebanon Set for TalksDuration:3:05LVMH Misses Estimates; Kering, Hermes Set to ReportDuration:1:55Swalwell Resigns From Congress After Assault ClaimsAvailable on:Listen onApple TVListen onRokuListen onSamsung TVListen onFire TVListen onAndroid TVListen onRakuten TVListen onHaystack NewsWatch BTV in your area:Channel Finder

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Source: Bloomberg Technology

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