Electric vehicle company Lucid Group Inc (NASDAQ:LCID) stands to benefit from rival Fisker Inc‘s (OTC:FSRN) declaring bankruptcy.
While Fisker’s struggles could mean one less competitor in the EV space, Lucid could also get a coveted vehicle name.
What Happened: The company released the Air EV and has plans to launch the Gravity SUV in late 2024.
The EV company also plans on launching additional models in the future, including some that are cheaper for consumers.
One of those vehicles could be Lucid Ocean (Fisker released the Fisker Ocean in 2023). The car maker recently filed ...