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Continue reading Lucid stock down on Q1 loss, confirms Gravity SUV on track for 'late 2024' launch
Lucid stock down on Q1 loss, confirms Gravity SUV on track for 'late 2024' launch originally appeared on Autoblog on Mon, 6 May 2024 18:40:00 EDT. Please see our terms for use of feeds.
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The EV startup burned through $800 million by the middle of 2018 and was seeking an installment of $700 million from Evergrande as operating cash for the remainder of the year, which was expected to see the start of production for the FF 91. Evergrande allegedly refused to provide the $700 million, which triggered the arbitration that is being conducted in Hong Kong.....
