Lucid Group, Inc. (LCID) operates as a technology and automotive company that designs, engineers, and builds Electric Vehicles (EVs), EV powertrains, and battery systems. The luxury EV maker is planning to venture out into the Chinese market in the near term.
According to an anonymous source, the company would sell imported cars in China and consider local production. LCID is also raising funds through a stock offering. At the end of last month, the company announced the commencement of a public offering of 173.54 million shares of its common stock.
