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RIDE - Lordstown Motors News Story

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Sector
Consumer Cyclicals
Size
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Market Cap £1.40bn
Enterprise Value £938.8m
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Position in Universe 2249th / 6848

Lucid Motors CEO say it aims to launch Tesla Model 3 rival in 2024 or 2025

Tue 23rd February, 2021 9:08pm
SAN FRANCISCO, Feb 23 (Reuters) - Lucid Motors Chief
Executive Officer Peter Rawlinson told Reuters on Tuesday that
the luxury electric car maker plans to launch a rival to Tesla
Inc's  TSLA.O  Model 3 in 2024 or 2025.
    He also said it is early to make their own battery cells for
now, adding that it has contracts with suppliers LG Chem
 051910.KS  and Samsung SDI  006400.KS . 
    The former Tesla engineer also said six automakers have
reached out to him over the past month and expressed interest in
its technology and potential cooperation.   

 (Reporting by Hyunjoo Jin and Peter Henderson in San Francisco
and Joshua Franklin in Miami; editing by Jonathan Oatis)
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))
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