Lucid Motors is listed on the New York stock exchange. The brand, which wants to conquer the market with luxury electric cars, will start selling its first model this year.
Lucid’s market value is $ 24 billion, equivalent to € 19.7 billion. The IPO will take place via a merger of Lucid with the empty stock exchange shell Churchill Capital IV. In addition, there is a capital injection from investors. Lucid wants to use the proceeds to expand its production capacity.
Lucid says it wants to start production of its luxury sedan, the Lucid Air, in the second half of this year. The California-based company builds the cars at its Arizona plant. Lucid currently has approximately 2,000 employees and another 3,000 must be added before the end of this year. Founded in 2007, Lucid is led by Peter Rawlinson, a former Tesla engineer.
The Lucid Air, which will be available with capacities from 480 hp to (for the time being) 1,030 hp, will also be marketed in the Netherlands. In the US it costs at least (converted) € 65,847. Here in the Netherlands, the Air can already be reserved, although Dutch prices have yet to be announced. With the entry-level version, you can go over 650 km according to the EPA cycle and recharging the battery should be done in just over half an hour on a fast charger.