lucid

Lucid Misses Sales and Revenue Targets by 90% in 2023

Lucid Group, which set ambitious targets at its public debut, reported vehicle deliveries and revenues significantly below its initial forecasts for 2023. The company had informed investors of a goal to sell 49,000 cars in the year; however, it only sold 6,001 vehicles, marking a substantial 90% shortfall from the anticipated figure. Similarly, Lucid had […]

Lucid Launches Saudi Arabia’s First Car Manufacturing Plant 

Lucid Group has opened Saudi Arabia’s first-ever car manufacturing facility, marking a significant milestone in the country’s industrial landscape. Located in King Abdullah Economic City (KAEC), Jeddah, the Advanced Manufacturing Plant (AMP-2) is Lucid’s first international facility and second overall. It will produce the Lucid Air, the company’s award-winning electric vehicle (EV). The plant has […]

Lucid Air Sapphire Unveils Final Specs

Lucid Group has unveiled the final specs for its Lucid Air Sapphire luxury super-sports sedan. This EV boasts a blistering 0-60 mph in just 1.89 seconds and a top speed of 205 mph. The Air Sapphire is not just about speed. It’s a blend of cutting-edge technology and refined design. The vehicle is powered by […]

Lucid Q2 Deliveries Disappoint Wall Street, Stock Drops

Lucid Group announced on Wednesday that it had delivered a total of 1,404 units of its flagship model, the Air luxury sedan, during the second quarter of 2023. This figure falls short of Wall Street analysts’ estimate of about 2,000 deliveries, according to data gathered by FactSet, leading to an over 11% drop in the […]

Lucid CEO on Tesla Connector Hype: ‘It’s Just a Plug’

Peter Rawlinson, CEO of electric vehicle maker Lucid Group Inc., has raised questions about the rush of automakers moving to adopt Tesla’s charging standards. This discussion follows decisions by General Motors Co. and Ford Motor Co. to transition to what Tesla has recently termed the North American Charging Standard, or NACS. Despite his skepticism, Rawlinson, […]

Aston Martin Partners with Lucid for High-Performance EV Lineup

British luxury automaker Aston Martin has announced a strategic supply agreement with Lucid Group on Monday. The partnership aims to develop a range of ultra-luxury high-performance electric vehicles, marking a significant step in Aston Martin’s electrification strategy. The agreement will see Lucid Group supply Aston Martin with advanced electric powertrains and battery systems. These technologies […]

Lucid Motors Stock Price Climbs 43% Amid Saudi Takeover Rumors

Lucid Motors saw its stock price jump by as much as 98% on Friday, closing at $12.87 per share (up 43%), as rumors of Saudi Arabia’s Public Investment Fund (PIF) considering a full takeover of the luxury electric automaker made the rounds — reports the Silicon Valley Business Journal. The news represents a breath of […]

Tesla, Rivian and Lucid Join Together to Fight Direct Sales Laws

Electric cars, trucks, vans, and buses have become a reality in the United States, but not every region has made it easy. Rivaling electric vehicle (EV) companies Rivian, Tesla, and Lucid, among others like Lordstown Motors, have teamed up in an infant EV market against direct sales laws throughout the US, as reported by TechCrunch. […]

Lucid Motors to Launch Stores in Saudi Arabia in 2022

According to Arab News, Lucid Motors is currently looking at possible locations for a retail outlet in Saudi Arabia — the home country of one of the automaker’s biggest shareholders, the Public Investment Fund (PIF). Lucid Motors, the EV carmaker, part-owned by Saudi Arabia’s (PIF), is scouting out locations for retail sales outlets in the Kingdom, […]