| | MAY, 20259Lucid Group, an American electric vehicle (EV) manufacturer, has joined forces with King Abdullah University of Science and Technology (KAUST) to develop EV technology and autonomous driving capabilities.Lucid Interim CEO Marc Winterhoff said: "KAUST's world-class research infrastructure and talent has the potential to further boost our technology leadership in many dimensions incl. our ADAS and AD roadmap bringing cutting-edge innovation from the lab to the road."This collaboration also strengthens our global R&D footprint bringing additional resources to bear in our efforts to continue as a leader in EV powertrain, battery systems, advanced materials, and software-defined vehicle platforms."The joint venture will utilize KAUST's supercomputing expertise to drive the evolution of EVs. The partnership will involve designing and prototyping next-generation components and systems.The collaboration will involve integrating different engineering disciplines such as mechanical, electrical, thermal, and chemical engineering.It will also delve into developments in materials science, with emphasis on high-performance metal and polymer composites, reflective glass coatings for heat, novel laminates, and substitute materials to maximize vehicle efficiency and endurance.Lucid SVP of product and chief engineer Eric Bach further stated: "Having access to high-performance computing at this scale is really revolutionary. It really boosts our capability to create sophisticated fluids, materials and alloys, model real-world physics for crashworthiness and structural optimization, model fluid dynamics and thermal transfer, analyze electromagnetic flux, and speed up AI training for digital twin technology, autonomous systems, and large language models."Research and development work will be undertaken in KAUST's state-of-the-art laboratory facilities located in King Abdullah Economic City. Dr. Sameh El Hefny, Minister of Civil Aviation, Captain Ahmed Adel, Chairman & CEO, EgyptAir Holding Company, and Andrew Torre, Visa CEMEA Regional President, witnessed the signing of a strategic collaboration agreement between Visa, the world leader in digital payments, and EgyptAir, Arab Republic of Egypt's national carrier. The partnership will serve to bring sophisticated technological solutions to enable growth and expansion plans in the Egyptian aviation industry. This collaboration is consistent with Visa's business strategy of providing innovative technological solutions that assist its partners' businesses in growing their businesses and echoing its vision to be the first choice partner for global leading institutions and companies, especially in the aviation industry.Under this collaboration, Visa will provide EgyptAir customers with special advantages, such as the introduction of a new premium co-branded payment card, which will enable customers to accumulate exclusive travel rewards, miles, and benefits. EgyptAir flyers who utilize the Visa co-branded card will be able to enjoy travel and lifestyle benefits and earn miles at a faster pace.Captain Ahmed Adel, Chairman of EgyptAir Holding Company, stated: "Through our partnership with Visa, we aim to deliver a seamless and distinguished travel experience for our customers-not only onboard, but at every stage of their journey of booking. We are dedicated to adopting the latest technological innovations in our services and providing exclusive benefits that enhance customer loyalty and satisfaction. Strengthening partnerships with global organizations like Visa is an important step towards elevating the quality of our services". LUCID, KAUST PARTNER TO ADVANCE EV TECH & AUTONOMOUS DRIVING SYSTEMSVISA, EGYPTAIR PARTNER EXCLUSIVELY TO BOOST TECH & ENHANCE CEX
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