Lucid Secures EV Batteries, But the Stock Falls In any case

Electric car start out-up

Lucid

is securing electrical-automobile batteries in advance of its solution line expansion. The inventory is not acquiring any profit nevertheless.

Tesla

could be to blame.

On Tuesday,

Lucid

(ticker: LCID) reported that

Panasonic

(6752.Japan) will source EV batteries for its full lineup of electrical motor vehicles. The batteries will come from amenities in Japan as effectively as a new plant to be developed in De Soto, Kansas.

Electric car start out-up

Lucid

is securing electrical-automobile batteries in advance of its solution line expansion. The inventory is not acquiring any profit nevertheless.

Tesla

could be to blame.

On Tuesday,

Lucid

(ticker: LCID) reported that

Panasonic

(6752.Japan) will source EV batteries for its full lineup of electrical motor vehicles. The batteries will come from amenities in Japan as effectively as a new plant to be developed in De Soto, Kansas.