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LUCID MOTORS IPO UPDATE
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At full capacity, a total of 365k units could be produced per year. The second phase is currently implemented which increases the capacity to 90,000 vehicles per year. The first phase is complete with a manufacturing capacity of 34,000 vehicles per year. Lucid has built the first greenfield EV manufacturing facility at Casa Grande, AZ.The entry into Europe and Middle East markets is expected by the first half of 2022. Six are already open with multiple others under construction. These increase brand awareness among customers. Direct sales strategy by opening Lucid Studios.The vehicles are also compatible with ChargePoint and EVGo networks.

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First year is included free with the purchase. The company has a partnership with Electrify America to provide DC fast charging.

LUCID MOTORS IPO UPDATE

The company is planning to launch Level 2 autonomous driving functionality with over-the-air update capabilities. These batteries are used to power 100% of the vehicles in the World premier EV racing series.

The company has 10 years of experience in battery packs and BMS.

These patents are in critical areas of powertrain, battery packs, and infotainment systems.

Lucid has 403 patent applications filed out of which 80% have been granted.

The existing reservations signify $650 million of anticipated sales.

The company currently employs nearly 2,000 people, with 3,000 employees expected to be added in the U.S.

Lucid Motors is headquartered in the heart of Silicon Valley in Newark, California.

Source: Investor Presentation Lucid Motors Key Features The prices include $7,500 federal credit.

The Air Pure, the starting point for the lineup, available in 2022, from $77,400.

The well-equipped Air Touring model, available late 2021, from $95,000.

The fully equipped Air Grand Touring, available mid 2021, from $139,000.

The all-inclusive, limited-volume Air Dream Edition, available spring 2021, at $169,000.

The Lucid Air will be available initially in North America, offered in four model ranges: With glass canopy ceilings, most advanced infotainment systems, and an in-house developed microlens lighting technology. The car comes with all the bells and whistles expected of a luxury sedan. Lucid Motors drew upon 10 years of experience and over 20 million miles of real-world testing in creating its in-house developed, compact 113 kWh extended-range battery pack. Lucid Air will also be the fastest charging electric vehicle ever, 300 miles of range in just 20 minutes of charging. The power of the Lucid Air is complemented by an available extended-range capability that achieves an estimated EPA range of up to 517 miles on a single charge. To date, it is the only electric sedan able to achieve a quarter-mile time under 10 seconds. With an all-wheel-drive architecture, the Lucid Air is able to achieve quarter-mile times as quick as 9.9 seconds. The 500-mile, 1,080-horsepower 2021 Lucid Air electric sedan is the flagship product of Lucid Motors. What is so special about the company and is it really worth $100 a share? Lucid Air car features CCIV stock was expected to hit $100 at one time. The $10 SPAC was up above $60 before the merger was announced. The CCIV deal has been subjected to extreme market euphoria. The transaction provides additional growth capital as Lucid brings the over 500-mile range Lucid Air luxury electric sedan to market and expands rapidly to offer a broad range of electric vehicle products powered by Lucid’s proprietary electric powertrain technology. Lucid is led by ex-Tesla engineering executive and automotive veteran Peter Rawlinson.

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The deal is the largest in a series of SPAC deals involving electric vehicle companies and blank-check firms. CCIV and Lucid are combining at a transaction equity value of $11.75 billion. Lucid Motors and Churchill Capital Corp IV (NYSE: CCIV), a special purpose acquisition company, announced that they have entered into a definitive merger agreement.