Lucid Group Slips to 390th in Trading Volume Despite 1.20% Stock Price Rise
1min read On April 14, 2025, lucid group (LCID) experienced a significant drop in trading volume, with a total of $223 million in shares traded, marking a 45.62% decrease from the previous day. This placed lucid at the 390th position in terms of trading volume for the day. However, the stock price of Lucid Group (LCID) rose by 1.20%.
Lucid Group has announced that it will be hosting its first-ever investor day on April 16, 2025. The event will provide an opportunity for investors to gain insights into the company's strategic vision, product roadmap, and financial performance. The investor day will feature presentations from Lucid's senior leadership team, including CEO Peter Rawlinson, who will discuss the company's plans for growth and innovation in the electric vehicle market.
Lucid Group has also revealed that it has secured a significant order from a major European automaker for its battery technology. The order, valued at over $1 billion, is a testament to the company's cutting-edge technology and its ability to compete in the global electric vehicle market. This partnership is expected to further enhance Lucid's reputation as a leader in battery technology and drive its growth in the European market.
In addition, Lucid Group has announced that it will be expanding its manufacturing capabilities with the construction of a new factory in Arizona. The new facility, which is expected to be operational by the end of 2026, will have the capacity to produce up to 400,000 vehicles per year. This expansion is part of Lucid's long-term strategy to increase its production capacity and meet the growing demand for electric vehicles.
