Latest news with #KatieHobbs
Business Wire
3 days ago
- Business
- Business Wire
TEP to Convert Coal-Fired Springerville Generating Station Units to Natural Gas
TUCSON, Ariz.--(BUSINESS WIRE)--Tucson Electric Power (TEP) plans to convert two units at the coal-fired Springerville Generating Station (SGS) to run on natural gas by 2030. The project will maintain access to affordable, around-the-clock energy while reducing carbon emissions and preserving local jobs. 'Our SGS conversion project will extend the life of a plant that has powered Tucson's growth for more than four decades,' said Susan Gray, TEP's President and CEO. 'It will help us provide reliable, affordable, and increasingly sustainable service while extending our productive partnership with communities in the White Mountains region.' Arizona Governor Katie Hobbs praised the project. 'A resilient grid that's reliable, affordable, and sustainable is core to delivering on the Arizona Promise,' Hobbs said. 'This plan will deliver cleaner air and lower costs, while strengthening communities in northeastern Arizona and building a more resilient energy future.' Cost-Effective Capacity The conversion will provide comparable capacity to the coal-fired units while costing less than building new resources such as a new combined cycle natural gas-fired facility or solar plus long-term energy storage systems that provide comparable reliability. The natural gas conversion also will provide greater cost certainty compared to the continued use of coal. TEP's 2023 Integrated Resource Plan called for the retirement of SGS Units 1 and 2 in 2027 and 2032, respectively, due to rising fuel costs, increasing delivery risks, anticipated mine closures, and environmental considerations and regulation. Although current federal policy is supportive of coal-fired generation, those long-term risks remain. Natural gas-fired generators provide advantages over coal-fired power plants on today's energy grid, as they can better accommodate and support increasing levels of intermittent wind and solar power. Coal plants are designed to operate at steady levels and cannot easily ramp up or down in response to customer needs and renewable energy output. Lower Carbon Emissions The conversion will reduce the units' carbon dioxide emissions by 40 percent, supporting TEP's goal of achieving net zero direct greenhouse gas emissions by 2050 without compromising on reliability or affordability. We are pursuing that aspirational goal through a balanced energy mix that also supports greater resiliency and energy security. Natural gas generation can serve as a 'bridge' to a cleaner energy future, providing ready, reliable power while newer technologies mature. Options may include cost-effective long-duration storage, small modular nuclear reactors, and a switch to hydrogen as a carbon-free fuel source for plants previously powered by natural gas. 'Achieving our 2050 net zero goal will require an all-of-the-above approach, including investments in clean energy solutions and partnerships with customers to encourage thoughtful energy use,' Gray said. 'While we cannot predict exactly how we'll achieve net zero carbon emissions, we know that efficient, reliable natural gas generation will be a part of our path toward that goal.' Supporting Local Economies The SGS repowering project will support the continued availability of affordable, reliable power in Southern Arizona for local residents and businesses. It will also maintain jobs and tax revenues for Springerville, Eager, St. John's and other White Mountains communities that our SGS employees call home. 'This transition at Springerville is a step toward a more sustainable energy future that doesn't leave rural Arizona behind,' said U.S. Sen. Ruben Gallego (D-Ariz.). 'By moving away from coal while maintaining affordable and reliable power, TEP is showing that we can protect jobs, while propelling innovative energy solutions at the same time. Arizona needs smart, balanced solutions like this that support working families, strengthen local economies, and keep us moving toward our clean energy goals.' TEP has been operating SGS since 1985 on a high desert plain about 175 miles northeast of Tucson, near the Arizona-New Mexico border and about 15 miles outside of Springerville, Ariz. It was one of several coal-fired power plants developed during the 1970s and 1980s in the Four Corners area to support growing communities in the southwest United States. 'Springerville Generating Station isn't just a power plant. It's a lifeline to the Round Valley communities,' said Springerville Mayor Shelly Reidhead. 'This commitment to repower the plant with natural gas helps ensure a brighter future for this region, saving jobs, stabilizing the tax base and attracting future energy investments.' SGS Unit 1 came online in 1985, while Unit 2 came online in 1990. TEP owns Units 1 and 2 and operates all four units at the plant, including Unit 3, a 400 MW unit owned by Tri-State Generation and Transmission Association, and Unit 4, a 400 MW unit owned by Salt River Project (SRP). Please visit our Media Resource Page for a video interview about TEP's plan to repower SGS and b-roll footage of the plant.
Yahoo
5 days ago
- Politics
- Yahoo
Longtime lawmaker shapes the debate as Arizona grapples with dwindling water supplies
Arizona Groundwater Reform PHOENIX (AP) — Throughout two decades marked by drought, climate change and growing demand for water, Arizona's leaders have fiercely debated an increasingly urgent problem: how to manage dwindling water supplies in an arid state. At the crossroads sits Rep. Gail Griffin, a savvy and quietly assertive lawmaker who has for years used her status as the leader of key water and land use committees in the Republican-controlled Legislature to protect property owners' rights, deciding which bills live and die. Griffin's iron fist has infuriated residents and other lawmakers worried that unfettered groundwater pumping is causing wells to run dry. The GOP lawmaker has also drawn the ire of Democratic Gov. Katie Hobbs, who considered her the barrier to legislation that stalled this year despite having others at the negotiating table. Without the Legislature charting a path, Hobbs could tap her executive authority to carve out specific areas where regulations could be imposed, like she did in recent months with the Willcox Basin north of Douglas. Fighting over a rural framework At the start of this year's session, Hobbs floated a proposal to regulate pumping in rural areas but the bipartisan deal failed to get Griffin's support. Griffin, however, did back a separate measure to let farmers transfer their pumping rights to developers, who can then access credits to demonstrate they have enough drinking water to supply future housing projects. It was one of the most significant pieces of water legislation to win approval this year. Still, domestic well-owner Karen Weilacher and other residents are frustrated that efforts to expand Arizona's 1980 groundwater code have repeatedly failed despite pleas to address unchecked pumping as conditions worsen — in the state and greater Southwest region. Arizona's code already allows for managing pumping in major metropolitan areas. The disagreement is over a framework for rural areas. Lawmakers also have clashed over who would govern the use of the water and pathways for future regulation. Weilacher, earlier this year, addressed the natural resources committee led by Griffin. She pivoted to let the powerful panel read her shirt: 'Water is life.' 'I shall use the remainder of my time to do what Representative Griffin has done to us,' she told committee members, as she turned her back on them. Griffin declined to comment specifically on her role in shaping Arizona's water policy, but she's adamant about her belief that Hobbs' proposal would devastate agriculture and rural economies. 'As we work with stakeholders, we will continue to support private property rights and individual liberty while ensuring that any legislative solution protects local communities and our natural resource industries, allowing rural Arizona to grow,' Griffin said in an emailed response to an interview request from The Associated Press. Rural way of life With a legislative tenure dating back to 1997, Griffin's convictions are anchored in preserving a rural lifestyle in which residents help each other and reject government mandates, said former GOP House Speaker Rusty Bowers, a friend of hers for decades. 'She was a hard-core believer in her principles,' Bowers said. 'And if you didn't respect it, then get the heck out of the way, she'll run over you like a Mack truck.' Back home in Hereford, Griffin has been known to go on walks, armed with her gun and mobile phone. A member of the Arizona Farm Bureau and the Arizona Cattle Growers Association, she has referred to her ranching neighbors as 'true environmentalists' because they take care of the land year-round. At a 2019 forum, Griffin recounted an exchange in which she was advised how to handle a bear busting into her home, questioning at the time whether calling authorities for help would be enough to keep her safe. 'And what will you do when I shoot and kill that bear?' Griffin had asked. She didn't like the answer she got — that prosecution, jail time and a fine would be likely. Griffin won the crowd over with her rural sensibilities. She told them the desire to give people the tools they need to protect themselves and their property is what first led her to run for public office. That hasn't changed. Her stances resonate with voters who repeatedly send her back to the statehouse. Cochise County farmer Ed Curry is one of them but wouldn't say whether he would do so next year as Griffin eyes a seat in the state Senate. He said he and other constituents have begged Griffin to usher in change, sharing stories at a town hall last year about wells drying up and the exorbitant costs residents face when digging deeper wells. 'She doesn't ask, she tells. She doesn't listen, she speaks,' Curry said of Griffin. Curry, who serves on the governor's water policy council, said that even growing crops that don't require much water hasn't kept his wells from dropping. He said new regulations will help to ensure Arizona's future. 'Something has to be done,' he said. ___ The Associated Press' women in the workforce and state government coverage receives financial support from Pivotal Ventures. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at Solve the daily Crossword
The Independent
7 days ago
- Politics
- The Independent
Longtime lawmaker shapes the debate as Arizona grapples with dwindling water supplies
Throughout two decades marked by drought, climate change and growing demand for water, Arizona's leaders have fiercely debated an increasingly urgent problem: how to manage dwindling water supplies in an arid state. At the crossroads sits Rep. Gail Griffin, a savvy and quietly assertive lawmaker who has for years used her status as the leader of key water and land use committees in the Republican-controlled Legislature to protect property owners' rights, deciding which bills live and die. Griffin's iron fist has infuriated residents and other lawmakers worried that unfettered groundwater pumping is causing wells to run dry. She's also drawn the ire of Democratic Gov. Katie Hobbs, who considered her the barrier to legislation that stalled this year despite having others at the negotiating table. Without the Legislature charting a path, Hobbs could tap her executive authority to carve out specific areas where regulations could be imposed, like she did in recent months with the Willcox Basin north of Douglas. Fighting over a rural framework At the start of this year's session, Hobbs floated a proposal to regulate pumping in rural areas but the bipartisan deal failed to get Griffin's support. Griffin, however, did back a separate measure to let farmers transfer their pumping rights to developers, who can then access credits to demonstrate they have enough drinking water to supply future housing projects. It was one of the most significant pieces of water legislation to win approval this year. Still, domestic well-owner Karen Weilacher and other residents are frustrated that efforts to expand Arizona 's 1980 groundwater code have repeatedly failed despite pleas to address unchecked pumping as conditions worsen — in the state and greater Southwest region. Arizona's code already allows for managing pumping in major metropolitan areas. The disagreement is over a framework for rural areas. Lawmakers also have clashed over who would govern the use of the water and pathways for future regulation. Weilacher, earlier this year, addressed the natural resources committee led by Griffin. She pivoted to let the powerful panel read her shirt: ' Water is life.' 'I shall use the remainder of my time to do what Representative Griffin has done to us,' she told committee members, as she turned her back on them. Griffin declined to comment specifically on her role in shaping Arizona's water policy, but she's adamant about her belief that Hobbs' proposal would devastate agriculture and rural economies. 'As we work with stakeholders, we will continue to support private property rights and individual liberty while ensuring that any legislative solution protects local communities and our natural resource industries, allowing rural Arizona to grow,' Griffin said in an emailed response to an interview request from The Associated Press. Rural way of life With a legislative tenure dating back to 1997, Griffin's convictions are anchored in preserving a rural lifestyle in which residents help each other and reject government mandates, said former House Speaker Rusty Bowers, a friend of hers for decades. 'She was a hard-core believer in her principles,' Bowers said. 'And if you didn't respect it, then get the heck out of the way, she'll run over you like a Mack truck.' Back home in Hereford, Griffin has been known to go on walks, armed with her gun and mobile phone. A member of the Arizona Farm Bureau and the Arizona Cattle Growers Association, she has referred to her ranching neighbors as 'true environmentalists' because they take care of the land year-round. At a 2019 forum, Griffin recounted an exchange in which she was advised how to handle a bear busting into her home, questioning at the time whether calling authorities for help would be enough to keep her safe. 'And what will you do when I shoot and kill that bear?' Griffin had asked. She didn't like the answer she got — that prosecution, jail time and a fine would be likely. Griffin won the crowd over with her rural sensibilities. She told them the desire to give people the tools they need to protect themselves and their property is what first led her to run for public office. That hasn't changed. Her stances resonate with voters who repeatedly send her back to the statehouse. Cochise County farmer Ed Curry is one of them but wouldn't say whether he would do so next year as Griffin eyes a seat in the state Senate. He said he and other constituents have begged Griffin to usher in change, sharing stories at a town hall last year about wells drying up and the exorbitant costs residents face when digging deeper wells. 'She doesn't ask, she tells. She doesn't listen, she speaks,' Curry said of Griffin. Curry, who serves on the governor's water policy council, said that even growing crops that don't require much water hasn't kept his wells from dropping. He said new regulations will help to ensure Arizona's future. 'Something has to be done,' he said. ___ The Associated Press' women in the workforce and state government coverage receives financial support from Pivotal Ventures. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
Associated Press
7 days ago
- Politics
- Associated Press
Longtime lawmaker shapes the debate as Arizona grapples with dwindling water supplies
PHOENIX (AP) — Throughout two decades marked by drought, climate change and growing demand for water, Arizona's leaders have fiercely debated an increasingly urgent problem: how to manage dwindling water supplies in an arid state. At the crossroads sits Rep. Gail Griffin, a savvy and quietly assertive lawmaker who has for years used her status as the leader of key water and land use committees in the Republican-controlled Legislature to protect property owners' rights, deciding which bills live and die. Griffin's iron fist has infuriated residents and other lawmakers worried that unfettered groundwater pumping is causing wells to run dry. She's also drawn the ire of Democratic Gov. Katie Hobbs, who considered her the barrier to legislation that stalled this year despite having others at the negotiating table. Without the Legislature charting a path, Hobbs could tap her executive authority to carve out specific areas where regulations could be imposed, like she did in recent months with the Willcox Basin north of Douglas. Fighting over a rural framework At the start of this year's session, Hobbs floated a proposal to regulate pumping in rural areas but the bipartisan deal failed to get Griffin's support. Griffin, however, did back a separate measure to let farmers transfer their pumping rights to developers, who can then access credits to demonstrate they have enough drinking water to supply future housing projects. It was one of the most significant pieces of water legislation to win approval this year. Still, domestic well-owner Karen Weilacher and other residents are frustrated that efforts to expand Arizona's 1980 groundwater code have repeatedly failed despite pleas to address unchecked pumping as conditions worsen — in the state and greater Southwest region. Arizona's code already allows for managing pumping in major metropolitan areas. The disagreement is over a framework for rural areas. Lawmakers also have clashed over who would govern the use of the water and pathways for future regulation. Weilacher, earlier this year, addressed the natural resources committee led by Griffin. She pivoted to let the powerful panel read her shirt: 'Water is life.' 'I shall use the remainder of my time to do what Representative Griffin has done to us,' she told committee members, as she turned her back on them. Griffin declined to comment specifically on her role in shaping Arizona's water policy, but she's adamant about her belief that Hobbs' proposal would devastate agriculture and rural economies. 'As we work with stakeholders, we will continue to support private property rights and individual liberty while ensuring that any legislative solution protects local communities and our natural resource industries, allowing rural Arizona to grow,' Griffin said in an emailed response to an interview request from The Associated Press. Rural way of life With a legislative tenure dating back to 1997, Griffin's convictions are anchored in preserving a rural lifestyle in which residents help each other and reject government mandates, said former House Speaker Rusty Bowers, a friend of hers for decades. 'She was a hard-core believer in her principles,' Bowers said. 'And if you didn't respect it, then get the heck out of the way, she'll run over you like a Mack truck.' Back home in Hereford, Griffin has been known to go on walks, armed with her gun and mobile phone. A member of the Arizona Farm Bureau and the Arizona Cattle Growers Association, she has referred to her ranching neighbors as 'true environmentalists' because they take care of the land year-round. At a 2019 forum, Griffin recounted an exchange in which she was advised how to handle a bear busting into her home, questioning at the time whether calling authorities for help would be enough to keep her safe. 'And what will you do when I shoot and kill that bear?' Griffin had asked. She didn't like the answer she got — that prosecution, jail time and a fine would be likely. Griffin won the crowd over with her rural sensibilities. She told them the desire to give people the tools they need to protect themselves and their property is what first led her to run for public office. That hasn't changed. Her stances resonate with voters who repeatedly send her back to the statehouse. Cochise County farmer Ed Curry is one of them but wouldn't say whether he would do so next year as Griffin eyes a seat in the state Senate. He said he and other constituents have begged Griffin to usher in change, sharing stories at a town hall last year about wells drying up and the exorbitant costs residents face when digging deeper wells. 'She doesn't ask, she tells. She doesn't listen, she speaks,' Curry said of Griffin. Curry, who serves on the governor's water policy council, said that even growing crops that don't require much water hasn't kept his wells from dropping. He said new regulations will help to ensure Arizona's future. 'Something has to be done,' he said. ___ The Associated Press' women in the workforce and state government coverage receives financial support from Pivotal Ventures. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
Yahoo
23-07-2025
- Automotive
- Yahoo
Lucid Launches Collaborative with Critical Minerals Producers to Further Strengthen Supply Chain for American Automotive and EV Manufacturing
The Minerals for National Automotive Competitiveness Collaboration (MINAC) is designed to advance domestic mineral production and strengthen the U.S.-based automotive supply chain NEWARK, Calif., July 23, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced it has joined with critical mineral producers Alaska Energy Metals, Graphite One, Electric Metals, and RecycLiCo, to help accelerate the development of domestic critical mineral resources and the procurement of these minerals for use in automotive manufacturing by U.S.-based automakers and Tier 1 suppliers. The newly launched Minerals for National Automotive Competitiveness Collaboration (MINAC) will work together to: Advance domestic mineral production through the completion of offtake agreements for American critical minerals for use in American automobiles; Identify and resolve barriers, as well as accelerate commercialization and customer adoption; Expand coordination between the mining and automotive sectors; and Support the qualification and procurement of domestically produced materials by U.S.-based automakers and Tier 1 suppliers. As part of the collaborative's launch, Lucid and its partners will be holding a roundtable discussion and event later today, July 23, 2025 in Washington, D.C. with Arizona Governor Katie Hobbs, Sen. Dan Sullivan (AK), and Reps. Nick Begich (AK) and Andy Biggs (AZ). For more details on tonight's event, please contact media@ MINAC Partners Focused on Advancing Domestic Mineral ProductionAlaska Energy Metals (TSXV: AEMC, OTCQB: AKEMF), based in Anchorage, AK, is leading the development of a large-scale nickel project in the interior of Alaska. Nickel is a critical component of lithium-ion batteries, which power the vast majority of today's electric vehicles. The use of high nickel content in battery chemistries plays a key role in creating high energy density battery cells, which can extend vehicle range, improve battery life and reduce reliance on other metals such as cobalt. Electric Metals USA (TSXV: EML) (OTCQB: EMUSF) Limited is currently developing the Emily manganese project in Minnesota. As a key component in lithium-ion battery cathodes, manganese enhances energy density, lowers cost, and improves thermal stability—playing a critical role in enabling long-range, high-performance electric vehicles while ensuring battery and passenger safety. Graphite One (TSX‐V: GPH; OTCQX: GPHOF) is currently developing facilities for production of graphite in various locations across the United States, including synthetic graphite in Ohio and natural graphite in Northern Alaska. Both of these sites are expected to begin producing graphite by 2028. Lucid and Graphite One have previously announced agreements to supply these synthetic and natural graphite materials to Lucid once production begins. RecycLiCo (TSX.V: AMY | OTCQB: AMYZF | FSE: ID4) is a critical minerals refining company specializing in the use of advanced hydrometallurgical technologies for processing mined ore and the upcycling of lithium-ion battery materials. RecycLiCo's processes efficiently recover battery-ready lithium, cobalt, nickel, and manganese from end-of-life batteries and manufacturing scrap, supporting energy storage as well as broader industrial applications. RecycLiCo's business focus aligns with the global demand for future-ready, responsible supply chains and the growing movement to strengthen domestic sourcing of critical materials. Quotes from MINAC Members and Supporters: Marc Winterhoff, Interim CEO of Lucid"Domestic supply chains strengthen manufacturing resilience, fortify sustainable supply chains, and accelerate job growth. Following in the footsteps of our previous agreements, today we are doubling down on our commitment to powering American innovation and look forward to working with our partners as we built the next generation of automotive manufacturing in the United States." Gregory Beischer, President & CEO of Alaska Energy Metals"By developing resilient automotive supply chains, we establish commercially viable mining operations that also help strengthen the American Defense Industrial Base. Sourcing minerals domestically enables better regulatory oversight, higher environmental standards, metal source traceability, and responsible sourcing. This approach mitigates harmful environmental and human rights risks often associated with foreign mining operations and provides an opportunity to improve the livelihoods of American communities." Brian Savage, CEO of Electric Metals (USA) Limited"We are honored to join MINAC in advancing a secure and resilient 100% domestic supply chain for critical minerals. As the developer of the highest-grade manganese deposit in North America, located in Emily, Minnesota, Electric Metals is committed to establishing a domestic source of high-purity manganese products essential to the U.S. electric vehicle, battery, and defense industries. With no current domestic production of manganese, our project addresses a critical vulnerability in the nation's supply chain. This collaboration is a strategic step toward reducing reliance on foreign sources and strengthening U.S. industrial and energy security." Anthony Huston, CEO of Graphite One, Inc"Graphite One is pleased to be partnered with Lucid via supply chain offtake agreements for both synthetic and natural graphite. With MINAC representing domestic developers of the essential rechargeable battery materials and Lucid as an end-user, this agreement marks a significant step towards creating the fully U.S.-based supply chain that is an indispensable element of U.S. energy dominance." Richard Sadowsky, CEO of RecycLiCo Battery Materials Inc."RecycLiCo is proud to work alongside Lucid and our fellow MINAC collaborators, advancing our shared commitment to robust, sustainable, and secure, domestic supply chains for critical minerals. We are actively seeking opportunities to leverage our advanced hydrometallurgical process to efficiently recover high-purity lithium, cobalt, nickel, and manganese from end-of-life batteries, manufacturing scrap, and newly mined ore to help shape a future-ready critical-minerals industry." Sen. Mark Kelly (AZ)"Arizona is proud to be home to Lucid's state-of-the-art manufacturing facility, and I'm glad to see them leading the way in building electric vehicles with American-made materials. This is how we keep the economic benefits of innovation in the United States: by strengthening our supply chains, reducing our reliance on China, and supporting good-paying jobs in Arizona." Rep. Andy Biggs (AZ-05)"Strengthening America's mineral independence is essential to securing our future. I applaud this collaboration for advancing a domestic supply chain that puts American workers, manufacturers, and innovation first. We should never rely on foreign adversaries to power our economy. This initiative moves us closer to true energy and industrial sovereignty, and that's a win for Arizona and for all of America." Rep. Eli Crane (AZ-02)"Investing in domestic raw materials strengthens vital industries, fuels economic growth, and reduces our reliance on adversaries. When the private sector prioritizes American innovation, our nation grows more resilient and competitive. It's great to see Lucid leading by example and investing in our future at home." Rep. Juan Ciscomani (AZ-06)"Expanding domestic critical mineral production is more important than ever for Arizona and our country. Onshoring our mineral supply chain is one of my top priorities in Congress – it's both an economic and a national security necessity. This partnership shows the private sector is stepping up to do its part. It's a powerful example of American leadership and should serve as a model for the rest of the industry. It strengthens our economy, supports our national interests, and showcases what's possible when American companies lead." About Lucid Group Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The award-winning Lucid Air and new Lucid Gravity deliver best-in-class performance, sophisticated design, expansive interior space and unrivaled energy efficiency. Lucid assembles both vehicles in its state-of-the-art, vertically integrated factory in Arizona. Through its industry-leading technology and innovations, Lucid is advancing the state-of-the-art of EV technology for the benefit of all. Investor Relations Contactinvestor@ Media Contact media@ Trademarks This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners. Forward-Looking StatementsThis communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations with respect to the MINAC partnership, including Lucid's commitments and future collaborations. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements. View original content to download multimedia: SOURCE Lucid Group Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
