General presentation of Lucid Motors
Let's take a few more moments to learn more about Lucid Motors. In order to be able to anticipate future price movements, you need to understand the company's main activities and sources of income.
Lucid Motors Group, now known as Lucid Group and formerly known as Churchill Capital IV Corp, is an American automotive company. Specifically, the company is engaged in the manufacture of electric vehicles.
The group has developed a car called Lucid Air, which is a sedan that offers interior space in a medium-sized exterior footprint. This sedan uses electric vehicle technology in every car model it builds.
The group's vehicles offer 1,080 horsepower with a range of nearly 800km per charge. In addition, an app allows drivers to enjoy a unique driving experience with Air Dream Edition, Air Grand Touring, Air Touring and Air Pure.
The company's studios and service centers are located in California, Florida, Michigan, Illinois, New York, Massachusetts, Washington, D.C., Arizona, Canada, Virginia, Texas and Colorado, USA.
Finally, it should be noted that the group has not yet started marketing its vehicles given that the launch of the Lucid Air, initially planned for 2020, has been postponed due to the Covid pandemic. The company should thus begin to make sales in the coming years and thus demonstrate its ability to be profitable.