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Benzinga

Business

Henry Khederian

What's Going On With Lucid Group Stock?

Lucid Group Lucid LCID Lucid Group, Inc. electric vehicle SUV Uber

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Shares of Lucid Group Inc (NASDAQ: LCID) are trading higher Friday, lifted by a series of strategic announcements. The electric vehicle maker is reporting strong demand and “so many orders” for its new Gravity SUV, potentially a key catalyst for future growth.

What To Know: Lucid has unveiled a significant partnership with Uber and autonomous technology firm Nuro. The collaboration will see Lucid’s Gravity SUV platform used to develop a fleet of robotaxis for Uber’s ride-hailing network.

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