Shares of Lucid Group are down roughly 10% in midday trading Thursday, slipping to $6.22 from a prior close of $6.91, putting the struggling EV maker's market capitalization at roughly $2.31 billion.
The new C127 EV adopts a modular battery configuration based on lithium iron phosphate (LFP) technology supplied by CATL, delivering a total installed capacity of 497 kWh, an increase from the previous 462 kWh.
Charging from 10 to 98 percent took just six minutes and 27 seconds. The more standard 10-80 percent time takes just three minutes, 44 seconds. Only have a minute to plug in? Still sufficient to get from 10 to 35 percent state of charge.