Connect with us


Electric car maker Lucid Motors to go public with $11.75bn deal – Al Jazeera English

The firm is benefitting from a wave of investments in EV startups, spurred by a rise in Tesla shares in the past year.



Article feature image

American luxury electric vehicle (EV) maker Lucid Motors has agreed to go public by merging with blank-cheque firm Churchill Capital IV Corp (CCIV) in a deal that valued the combined company at $11.75bn.
Lucid, run by former Tesla engineer Peter Rawlinson, is the latest firm to tap the initial public offering market, with investors rushing into the EV sector, spurred by the rise of Tesla Inc and the toughening of emissions regulations in Europe and elsewhere.
Other prominent players in the sector…

Click here to view the original article.

Continue Reading

You might also like ...

Why the Painchek (ASX:PCK) share price is edging higher today
Article feature image
Here are 3 ASX 200 diamonds in the spotlight while the market sank today – The Motley Fool Australia