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Lucid Is Latest EV Maker to Enter China Car Market. It’s Not a Threat to Tesla.

Luxury electric vehicle maker Lucid (ticker: LCID) is planning on selling automobiles in China, the biggest market for cars, according to a report.

Lucid will sell imported cars in China and consider opening production facilities there, Reuters reported, citing a person familiar with the matter.

“Lucid continues to increase its global footprint,…

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