Electric vehicle start-up
Lucid
is securing electric-vehicle batteries ahead of its product line expansion. The stock isn’t getting any benefit though.
Tesla
might be to blame.
On Tuesday,
Lucid
(ticker: LCID) said that
Panasonic
(6752.Japan) will supply EV batteries for its full lineup of electric vehicles. The batteries will come from facilities in Japan as well as a new plant to be built in De Soto, Kansas.
Source: https://www.barrons.com/articles/lucid-stock-ev-batteries-panasonic-51670949123?siteid=yhoof2&yptr=yahoo