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June 2, 2021, 2:40 p.m. EDT

Lamborghini Joins Race to Build Luxury EVs

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Jun 02, 2021 (Investor Brand Network via COMTEX) -- In the wake of new emissions standards designed to reduce reliance on fossil fuels and cut down global carbon emissions, several automakers are scrambling to electrify their fleets. Electric vehicles ("EVs") have been touted as the next frontier of vehicular travel, pushing legacy automakers and even luxury car makers into the young but swiftly growing electric vehicle industry. Italian luxury automaker Lamborghini has now thrown its hat into the fray, announcing on May 18 that it will release its first completely electric offering by the end of the decade .

Lamborghini announced that by the year 2024, all of its models, including the Urus Super SUV and the Aventador, will be offered as plug-in hybrids. The luxury carmaker will continue working on electrifying its fleet, and by 2030, it expects to release its first all-electric luxury EV. Coincidentally, Lamborghini's plans align with the European Union's plan to cut emissions in Europe…

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NOTE TO INVESTORS: The latest news and updates relating to Ideanomics Inc. /zigman2/quotes/208536109/composite IDEX -2.07% are available in the company's newsroom at https://ibn.fm/IDEX

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COMTEX_387742170/2557/2021-06-02T14:40:15

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/zigman2/quotes/208536109/composite
US : U.S.: Nasdaq
$ 2.37
-0.05 -2.07%
Volume: 7.75M
July 30, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.01 billion
Rev. per Employee
$243,264
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