Reported Earlier, "Lucid Will Need to Continue Raising Money, CEO Rawlinson Says" - Bloomberg Law; Says Will Need To Raise More Money To Grow; Saudi's PIF Is Perfect Long-Term Partner On EVs; Lucid In Discussion With Others On Licensing EV Tech

Author: Benzinga Newsdesk | July 11, 2024 12:56pm

https://news.bloomberglaw.com/bankruptcy-law/lucid-will-need-to-continue-raising-money-ceo-rawlinson-says

Building EVs is a capital-intensive business and Lucid's "vision is to be a major player," CEO Peter Rawlinson says in an interview with Bloomberg Television.

• Partnership with Saudi Arabia's Public Investment Fund is perfect as it's long-term, Rawlinson says
• Lucid's EV technology licensing deal with Aston Martin has sparked more interest, company is "in discussion with others": CEO
  • Says Aston Martin delaying its EV has only mild impact on licensing deal
• Production of new 7-seat Gravity SUV scheduled to start late this year
  • EV market starting to turn around for Lucid amid rising deliveries: CEO
• NOTE: Lucid in May ...

Posted In: LCID