Lucid's New European Partnership Boosts Shares

Lucid Motors, a luxury electric car manufacturer, saw a 5.4% surge in shares after announcing a significant partnership with HYROX, a global fitness racing series. This collaboration marks Lucids first major car partner in Europe for the 2025-2026 season, potentially exposing the brand to over 1.3 million participants across 30 countries. The partnership is viewed positively for Lucids European expansion and brand visibility, but the stock remains volatile and is still down over 55% since the start of the year, trading at $13.54, more than 60% below its 52-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.