SPAC Churchill Capital IV gains on speculation of Lucid Motors collaboration with Apple

SPAC Churchill Capital IV (NYSE:CCIV), which is in a deal to take Lucid Motors public, rose 4.9% on speculation of potential partnership to make EV cars with Apple (NASDAQ:AAPL).

The speculation comes after Wccftech late Friday highlighted a story from earlier this month in the Guardian where Lucid Motors CEO declined to comment when asked if the EV maker had been approached by Apple. Adding potential more heft to the rumor is the fact that former chief designer Jony Ive is on the board of Lucid.

The Lucid Motors rumors also come after a report earlier this month that a Magna International (NYSE:MGA) joint venture with LG Electronics is said near a contract to build EVs.

Lucid Motors last month said its luxury EV model almost fully reserved.

Source: Seeking Alpha – SPAC Churchill Capital IV gains on speculation of Lucid Motors collaboration with Apple