Automakers

Lucid Motors nears SPAC deal valuing firm at $12 billion, report says

Lucid
Lucid, founded in 2007 as Atieva Inc. by former Tesla executive Bernard Tse and entrepreneur Sam Weng, makes luxury EVs. Pictured is the Lucid Air.
R
By:
Reuters
February 16, 2021 07:02 PM

Luxury electric vehicle maker Lucid Motors Inc. is getting close to a deal to go public at a roughly $12 billion valuation after veteran dealmaker Michael Klein's blank-check acquisition firm launched a financing effort to back the transaction, people familiar with the matter told Reuters on Tuesday.

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