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00:02Lucid Group shares traded higher Monday as positive momentum continued to build across
00:07the electric vehicle sector, according to Benzinga. The broader EV space gained as
00:12recent delivery and production results reinforced confidence in demand. Fresh UK data added to the
00:18constructive tone, with battery electric vehicles capturing nearly 30% of new car registrations
00:23in June, their strongest monthly showing outside seasonal peaks, according to Reuters.
00:27For the year, BEVs now account for about 25% of all new UK registrations.
00:33Lucid shares also showed early signs of stabilization after a June slide, moving above their 20-day
00:39and 50-day simple moving averages. Lucid faces potential resistance near $7, while $5.50
00:45is a key support level where buyers have recently stepped in. Shares were up 10.03% at $6.69
00:53at publication, according to Benzinga Pro.
00:56For all things money, visit Benzinga.com.
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