CCIV - Here's How Many Vehicles Lucid Motors Will Produce in 2021
Luxury electric vehicle maker Lucid Motors has attracted a lot of interest from investors recently. The company recently announced plans to go public through a reverse merger with Churchill Capital Corp IV (NYSE: CCIV) , a special purpose acquisition company (SPAC). You can read a full breakdown of Lucid Motors stock over at Millennial Money, but I'm going to talk here about how many vehicles it plans to manufacture this year, and how long it could take to ramp up to full production.
Image source: Lucid Motors.
Lucid Motors finished the first phase of its 999,000-square-foot Casa Grande, Arizona, factory in December, and management says that it will start production of the fully electric Lucid Air by this spring. So how many of the vehicles will it make this year? About 7,000 at the most.
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Here's How Many Vehicles Lucid Motors Will Produce in 2021