NEWARK, Calif., Dec. 6, 2021 /PRNewswire/ -- Lucid Group
(NASDAQ: LCID), which is setting new standards with its advanced
luxury electric vehicles (EVs), today announced it has
selected Bank of America as its preferred lending partner. Lucid
customers can apply for financing online at Bank of America or work
with concierge agents for a seamless financing
experience. Lucid began deliveries of the Lucid Air in October
and has more than 17,000 reservations across all models.
"The strategic relationship between Lucid and Bank of America is
another way of enhancing and streamlining the vehicle buying
experience for Lucid customers," said Amira
Aly, Director of Financial Services at Lucid. "Lucid will
continue to build out its consumer finance journey with compelling
offerings in order to get more vehicles into the hands of customers
as we deliver the most advanced EV in the world."
"Supporting the growing demand for electric vehicles through an
innovative financing solution is a critical step toward a
low-carbon future," said Fabien
Thierry, Head of Vehicle Lending Products at Bank of
America. "This financing solution was developed for Lucid to make
it easier for customers to finance electric vehicles. This effort
reinforces our $1 trillion commitment
to environmental transition and other low-carbon solutions."
About Lucid Group
Lucid's mission is to inspire the
adoption of sustainable energy by creating the most captivating
electric vehicles, centered around the human experience. The
company's first car, Lucid Air, is a state-of-the-art luxury sedan
with a California-inspired design
underpinned by race-proven technology. Lucid Air features a
luxurious full-size interior space in a mid-size exterior
footprint. Customer deliveries of Lucid Air, which is produced at
Lucid's new factory in Casa Grande,
Arizona, are underway.
About Bank of America
Bank of America is one of the
world's leading financial institutions, serving individual
consumers, small and middle-market businesses and large
corporations with a full range of banking, investing, asset
management and other financial and risk management products and
services. The company provides unmatched convenience in
the United States, serving
approximately 66 million consumer and small business clients with
approximately 4,200 retail financial centers, approximately
17,000 ATMs, and award-winning digital banking with
approximately 41 million active users, including approximately 32
million mobile users. Bank of America is a global leader in wealth
management, corporate and investment banking and trading across a
broad range of asset classes, serving corporations, governments,
institutions and individuals around the world. Bank of America
offers industry-leading support to approximately 3 million small
business households through a suite of innovative, easy-to-use
online products and services. The company serves clients through
operations across the United
States, its territories and approximately 35 countries. Bank
of America Corporation stock (NYSE: BAC) is listed on the
New York Stock Exchange.
For more Bank of America news, including dividend announcements
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Media Contact
media@lucidmotors.com
susan.atran@bofa.com
Trademarks
This communication contains trademarks,
service marks, trade names and copyrights of Lucid Group, Inc. and
its subsidiaries (the "Company"). Bank of America is registered
trademark of Bank of America Corporation
Forward-Looking Statements
This communication includes
"forward-looking statements" within the meaning of the "safe
harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be
identified by the use of words such as "estimate," "plan,"
"project," "forecast," "intend," "will," "expect," "anticipate,"
"believe," "seek," "target," "continue," "could," "may," "might,"
"possible," "potential," "predict" or other similar expressions
that predict or indicate future events or trends or that are not
statements of historical facts. These forward-looking statements
include, but are not limited to, statements regarding the Company's
expectations related to the start of production and deliveries of
the Lucid Air and Lucid Gravity, the performance, range, and other
features of the Lucid Air, construction and expansion of the
Company's AMP-1 manufacturing facility, and the promise of the
Company's technology. These statements are based on various
assumptions, and actual events and circumstances may differ.
Forward-looking statements are subject to a number of risks and
uncertainties, including factors discussed in the Company's
Registration Statement on Form S-1, as amended, the Company's
Annual Report on Form 10-K/A for the year ended December 31, 2020 and the Company's Quarterly
Report on Form 10-Q for the quarter ended September 30, 2021, in each case, under the
heading "Risk Factors," as well as other documents of the Company
that are filed, or will be filed, with the Securities and Exchange
Commission. If any of these risks materialize or the Company's
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that the Company does not presently know or
that the Company currently believes are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect the Company's expectations, plans or forecasts of future
events and views as of the date of this communication. However,
while the Company may elect to update these forward-looking
statements at some point in the future, the Company specifically
disclaims any obligation to do so. These forward-looking statements
should not be relied upon as representing the Company's assessments
as of any date subsequent to the date of this communication.
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SOURCE Lucid Motors