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Lucid beats estimates for EV deliveries as price cuts, cheaper financing spur demand

(Reuters) – Lucid Group reported record fourth-quarter deliveries on Monday, surpassing Wall Street expectations, as the Saudi Arabia-backed automaker benefited from strong demand for its luxury electric sedans. The EV maker has lowered prices and offered incentives including cheaper financing to woo customers away from cheaper hybrid vehicles amid high interest rates. The company handed […]