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Hyzon Motors

Hyzon Motors’ hydrogen fuel ambitions include two US factories

Hyzon Motors plans to produce fuel cells, including a critical component required to power hydrogen vehicles, at two U.S. factories in a move aimed at kickstarting domestic production at a commercial scale. The hydrogen-powered truck and bus manufacturer has already leased a 28,000-square-foot facility in the Chicago suburb of Bolingbrook and plans to expand it…

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Lucid Motors

Lucid Motors ‘humbly’ embarks on the difficult task of mass producing its electric cars, CEO says

In a CNBC interview, Lucid Motors CEO Peter Rawlinson acknowledged the company must get its luxury sedan into production to “truly drive” shareholder value.

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Lucid Motors

Lucid Motors is moving public before it begins selling EVs

The Lucid Air electric luxury sedan is scheduled to go on sale later this year, but first the EV startup will merge with an already-NYSE listed special purpose acquisition company so it can go public. The deal with Churchill Capital Corp IV (CCIV) wi…

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Lucid Motors

Lucid Motors strikes SPAC deal to go public with $24 billion valuation

Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup.  The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction…