EV maker Lucid expects to raise $1.67 bln from stock sale
Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion.
EV-maker Lucid Group's shares drop following operational losses
California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing larger-than-expected operational losses during the third quarter.
Lucid Shares Drops on Stock Sale, Loss Warning
Lucid shares sank after the electric-vehicle maker said it would shore up its finances by issuing new stock and warned of a larger-than-expected loss. The carmaker plans to sell more than 260 million shares in a public offering,
EV-maker Lucid expects to raise $1.67 billion from stock sale
Cash-strapped electric vehicle maker Lucid said on Thursday a public offering of more than 262 million shares would likely fetch it $1.67 billion in proceeds. The stock sale news as well as the company's latest warning of a bigger-than-expected loss for the third quarter sent shares of the luxury electric-sedan maker down more than 17% in premarket trading.
Lucid sees bigger losses ahead, and its stock drops 12%
Shares of Lucid Group Inc. fall 12% in the extended session Wednesday after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecast.
Lucid Stock Tumbles 15%. EV Maker Plans Huge Share Sale, Sees Wider Losses.
The company plans a substantial public stocks offering and projects a wider-than-expected loss for the third quarter.
Amnesty International gives EV makers low marks for human rights policies
Automakers aren’t doing enough to identify and prevent human rights abuses along supply chains for EV batteries, Amnesty ...
After Nevada lithium deal, GM eyes other sources for EV minerals supply
General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric ...
GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker ...
Rivian’s new update could make your EV feel like Knight Rider (or Back to the Future)
The costumes will come via a software update Rivian will roll out right after midnight local time tonight (October 18th at 12 ...
Incentives Drive Up EV Sales In Third Quarter 2024 As Tesla Rebounds
With improving infrastructure, far more choices, and excellent deals to be had, Cox Automotive expects further growth in the ...
MIT Technology Review1d
Super-light materials that help suppress EV battery fires just got a big boost
The US Department of Energy has committed a $670.6 million loan to Aspen Aerogels for a new factory to produce materials that ...
We should be learning from Chinese EV players, not shutting them out of Europe — auto bosses say
European auto bosses criticized the EU's Chinese EV tariffs and emphasized the need to learn from China's rapid car ...
The Economist9h
Africa’s EV revolution has two wheels not four
Ethiopia, though, is an exception. With private cars unaffordable for most Africans, motorbikes and buses are the main form of transport for deliveries and taxi rides, with riders typically travelling ...
7 Tips For Buying An Electric Car And Why EV Drivers Never Go Back
To embrace sustainability, your next vehicle might be an EV. Decreasing your environmental footprint with convenient charging ...
EV mandates could push Michigan toward Republicans says former GOP congressional candidate Michael Markey
Michael Markey Jr. told Fox News Digital that Vice President Kamala Harris' history of supporting electric vehicle subsidies ...
Automotive News4h
Ford paying dealers to take F-150 Lightnings from new EV distribution centers
Dealers can make $22,500 by ordering 15 F-150 Lightnings from regional EV distribution centers designed to reduce carrying ...