Lucid applied for a trademark of “Lucid Ocean” for use on an “electrically powered automobile,” so it could be planning to use the name for one of its EVs.
Lucid doesn’t appear to be an automaker guided by superstition, as it wants to grab the nameplate that brought Fisker’s demise. “Lucid Ocean” could become a new model in the EV manufacturer’s roster after it applied for a Class 12 trademark with the United States Patent and Trademark Office . This trademark class is for “vehicles, devices, machines, and apparatus for locomotion by land, air, or water.
Lucid boss Peter Rawlinson recently highlighted these qualities of the SUV. Lucid says it’s still not profitable , but it expects to break even and turn a profit by 2025. Until then, it can rely on continued financial backing from the Saudi Public Investment Fund , which has invested a total of $5.4 billion in Lucid and has a 60% stake in the automaker. Fisker was looking for a reliable backer to keep it afloat, but it didn’t find one in time and ran out of money.
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