GreenCarNewsBreaks — Lucid Group Inc. (NASDAQ: LCID) Announces Trademark Agreement with Gravity Inc.
Lucid Group (NASDAQ: LCID), a maker of advanced electric vehicles, has reached an agreement with Gravity Inc., an American manufacturer of high-speed, EV-charging equipment. The agreement marks a compromise between the two companies regarding use of the Lucid Gravity trademark. According to the announcement, the agreement approves Lucid's use of the Lucid Gravity brand, noting that the usage is without impinging on Gravity's preexisting trademark. By reaching an agreement, the two companies are avoiding a dispute or legal action. A Gravity official noted that the company’s mission is to fuel growth in the EV space, stating that “when there is…