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

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

The speculation comes after Wccftech late Friday highlighted a story from earlier this month in the Guardian where Lucid Motors CEO Peter Rawlinson 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 Apple 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 Apple EVs.

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

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