Lucid Motors, Inc. is considering building a factory in China, though the company currently has no plan to enter the Chinese market, Securities Times reported on Wednesday.
The luxury electric car manufacturer also intends to launch Lucid Air, a new all-electric luxury sedan, this year, according to media reports.
Previously, Lucid Motors announced it will hold an initial public offering via merger with special purpose acquisition company Churchill Capital Corp IV in the agreement that values the combined company at $11.75 billion.
