Lucid Group introduces financing options through BofA deal
Diego Thomazini/iStock via Getty Images


Lucid Group (NASDAQ:LCID
-1.2%) unveiled a new all-digital platform called Lucid Financial Services on Tuesday.
The electric vehicle maker said the platform will offer customers a flexible financing process, with lease and loan purchase options to Lucid Air customers.

The program is accessible to U.S. customers taking deliveries of Lucid Air Grand Touring models and will also be available to customers taking delivery of Touring and Pure models later this year.
Lucid Financial Services is being offered online through a strategic relationship with Bank of America. Customers can apply for 24-month, 36-month, or 48-month leases.
The Seeking Alpha Quant Rating on LCID flipped to Hold from Sell on May 20 and is higher than most of the other EV startup ratings.