Lucid Group (NASDAQ: LCID) has announced that its Chief Financial Officer (“CFO”) Sherry House is resigning from her position, effective immediately, to pursue other opportunities. According to the announcement, House will be available in an advisory role through Dec. 31, 2023, to assist in the transition of her duties. Lucid’s current VP of Accounting and … Continue reading “GreenCarNewsBreaks – Lucid Group Inc. (NASDAQ: LCID) Announces Departure of CFO Sherry House”
Aston Martin and Lucid Motors have agreed to begin producing electric cars with the highest levels of elegance and performance by 2025. The British automaker will create luxurious, great-performing electric vehicles using Lucid components. The London-listed luxury manufacturer, which saw its losses more than double in 2022 to nearly £500 million ($631m), has reached an … Continue reading “Aston Martin Taps Lucid for EV Components in New Deal”
American electric car maker Lucid Motors (NASDAQ: LCID) has unveiled a digital financing platform dubbed Lucid Financial Services to provide Air EV customers in America with leasing and loan purchase options. Lucid Motors has partnered with the Bank of America to provide the financing options. Lucid Motors first announced that production on the Lucid Air … Continue reading “Lucid Motors Announces Digital Platform to Facilitate EV Financing”
Earlier this week, Wolfspeed announced that Lucid Motors (NASDAQ: LCID) had used its silicon carbide power device solution in its pure-electric high-performance vehicle, Lucid Air. Wolfspeed is a major player in silicon carbide technology, leading the market in the global adoption of GaN and silicon carbide technologies. The company offers industry-leading solutions for a sustainable … Continue reading “Lucid Motors Uses Silicon Carbide Tech in New Model”
More than a decade after the Tesla Roadster launched and proved that electric vehicles were commercially viable, the nascent electric vehicle industry is slowly filling up with competition. Gone are the days where the only player in the EV game was Tesla; legacy auto makers and several EV startups have now thrown their hats into … Continue reading “Lucid Motors Ramps Up Marketing to Increase Awareness of Its EVs”
Lucid Group (NASDAQ: LCID) has set its sights on reaching the top of the electric vehicle (“EV”) space and is working tirelessly to achieve that goal. Last week, the California-based startup announced that it would start delivering electric vehicles with more range than Tesla’s (NASDAQ: TSLA) premium EV models in late October. The EV maker … Continue reading “Lucid Group Inc. (NASDAQ: LCID) to Deliver EVs With More Range than Teslas (NASDAQ: TSLA)”
Lucid Motors, an American manufacturer of electric vehicles (“EVs”), is set to go public after completing a merger with Churchill IV Capital Corp. (NYSE: CCIV). The merger deal is worth $11.75 billion. The EV maker is run by Peter Rawlinson, who formerly worked as an engineer for Tesla Inc. (NASDAQ: TSLA). Lucid comes as the … Continue reading “EV Maker Lucid to Go Public after Completing $12B Deal”
Investment Considerations Lucid Motors has announced entry into an agreement to merge with blank-check SPAC Churchill Capital Corp. IV. The company’s flagship product, Lucid Air, is a zero-emission luxury EV car built with sustainable products and recyclability in mind. Project Gravity, Lucid Motors’ take on the luxury electric SUV, is expected to arrive in 2023, … Continue reading “Lucid Motors (NASDAQ: LCID)”
Electric vehicle (“EV”) start-up Lucid Motors is taking aim at perhaps the best-known company in the EV space. The company claims its new all-electric air sedan, the Lucid Air, is more efficient, faster and a more spacious vehicle than the Tesla Model S, a car that Lucid CEO Peter Rawlinson helped develop when he worked as the … Continue reading “GreenCarNewsBreaks – Lucid Motors Announces First Production Vehicle, a ‘Breakthrough’ in EV”
Last year, the U.S. amended its federal EV tax credit system to make it so that drivers could access the tax credit at the point of sale instead of paying full price and waiting months for the tax credit to kick in. However, while this change was praised for making the federal EV incentive much … Continue reading “Why Some Electric Vehicle Buyers Aren’t Getting the Expected Federal Tax Credit”
