Monday, 22 February 2021 23:19

Lucid Motors to Go Public in Merger with Churchill Capital Corp IV


...its battery technology which is currently powering every vehicle in the world's leading EV racing series, is underpinned by a rich portfolio of patents.


Lucid's EV technology suite was developed in-house, allowing Lucid Air to deliver outstanding efficiency with a projected range of over 500 miles on a single charge---ahead of all competitors on the market today.


Lucid's growth will continue to benefit the communities in which it operates, particularly in California, where the company is headquartered, and in Arizona, where the company has built its vehicle manufacturing facility from the ground up, as well as its in-house EV powertrain manufacturing facility.


Additionally, with directly-owned retail locations already open in California and Florida, Lucid will continue to expand its retail and service footprint across the U.S. throughout 2021.


Lucid currently employs nearly 2,000 people in the U.S., and intends to continue growing quickly to support the company's ramp in operations, with 3,000 employees expected to be added domestically by the end of 2022.


Rawlinson will continue to lead Lucid along with the rest of the company's seasoned leadership team. Churchill's leadership team and group of operating partners will actively facilitate key introductions and relationships and provide product, design and industry insights.


Source: Lucid


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