403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Lucid Investor Day Highlights: Company Outlines Strategy To Scale EV Business, Move Toward Profitability
(MENAFN- AsiaNet News)
Lucid Group Inc. (LCID) on Thursday outlined a broad strategy to scale its electric-vehicle business and move closer to sustained profitability during its investor day in New York.
The California-based automaker said the plan combines higher vehicle volumes, diversified software revenue, and disciplined spending to support positive free cash flow in the coming years.
A key part of Lucid's strategy centers on its upcoming Midsize platform. It would support three vehicles, beginning with the Lucid Cosmos and Lucid Earth SUVs, with a starting price point below $50,000.
Lucid stock traded over 5% lower on Thursday mid-morning.
Get updates to this developing story directly on Stocktwits.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment