Lucid rose over 6% in premarket trading as it planned to build a factory in China around 2025

Lucid rose over 6% in premarket trading as it planned to build a factory in China around 2025 Peter Rawlinson, CEO of Lucid Motors, told the media that the company plans to set up factories outside the United States, including China, the largest automobile market in the world.

At the beginning of this month, Lucid delivered the first batch of electric vehicles to customers. Rawlinson said that Lucid plans to produce about 575 electric vehicles by the end of this year, and the output will increase to 20,000 in 2022.

Meanwhile,in the third quarter, the number of customer bookings increased to 13,000, and the estimated order amount exceeded 1.3 billion US dollars; In the third quarter, Lucid's advanced manufacturing plant (AMP-1) in Casa Grande, Arizona was put into operation, with an annual output of 34,000 vehicles.