shelf registration
The Newark, California-based company that began delivering its luxury Air sedan this year announced the potential fundraising move in anon Tuesday, noting that the funds could come from offerings of common or preferred shares, warrants or other types of debt over the next three years. Lucid isn’t immediately moving forward with a new offering but wants to have the option to do so.
Like other automakers, Lucid had headaches launching production owing to global supply chain challenges and expects to deliver between 6,000 and 7,000 EVs this year. The company’s new Casa Grande, Arizona plant can build up to 34,000 vehicles per year. Currently, it’s adding a second assembly line to handle production of the Gravity SUV, which is due in 2024. The expansion will raise the factory’s total capacity to 90,000 vehicles per year.
They're Saudi owned...what's the big deal for money?
Introducing Lucid NFTs and crypto 🤣
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Honda, LG Energy teaming to build $4.4B EV battery plant in USHonda and LG Energy's investment comes as the U.S. looks to expand the country's EV production. The companies are reportedly considering building in Ohio. Selling 180k replacement batteries will cover the cost of construction. good
Source: FoxBusiness - 🏆 458. / 53 Read more »
Honda, LG Energy announce $4.4 billion plan to build EV battery factory in U.S.Honda Motor Co. and LG Energy Solution announced plans Monday for a $4.4 billion investment to build a lithium-ion battery plant for electric vehicles in the...
Source: MarketWatch - 🏆 3. / 97 Read more »
Honda and LG will build a $4.4 billion EV battery plant in the U.S.Carmakers around the world are scrambling to build electric car or EV battery plants in North America by partnering with Asian battery makers. ♥️♥️♥️
Source: therealautoblog - 🏆 528. / 51 Read more »
Leaders hope Honda chooses Ohio for $4.4 billion battery factory, but some worry HB6 scandal could be factorOhio could possibly get another billion-dollar tech factory after Honda and LG Energy Solution announced Monday that they were looking to build a new electric vehicle battery factory.
Source: WEWS - 🏆 323. / 59 Read more »
Scottish EV start-up targets Defender with £75,000 4x4 | AutocarGlasgow-based Munro Vehicles to offer electric 4x4 in US from 2023; targets 2500 vehicles by 2025 I’ve already seen someone post that it is “just” £75,000 🙄 For a vehicle with a claimed range of 168 miles. Looks like the Hammerhead Eagle i-Thrust …I hope they succeed but this has ringtones of the “Argyll”
Source: autocar - 🏆 93. / 67 Read more »