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Automakers

Lucid says on track to make 20,000 EVs next year; strengthens balance sheet

Lucid Air.jpg
The Lucid Air is capable of traveling 520 miles (837 km) on a single charge. (RICHARD TRUETT)
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By:
Bloomberg
November 15, 2021 10:42 PM

EV maker Lucid Group strengthened its balance sheet to $4.8 billion cash in the third quarter and used its debut earnings statement to affirm its guidance to produce 20,000 vehicles next year.

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