Lucid Motors has confirmed that it is going public through a merger with Churchill Capital IV (CCIV). The deal, which is expected to close in the second quarter, is said to be the largest to date between a SPAC and an EV startup. The transaction values Lucid at an initial pro-forma equity value of about… Read more »
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Lucid Motors completes construction of its EV factory
Just under a year after breaking ground in Casa Grande, Arizona, Lucid Motors has finished construction of its first EV factory, and has begun the commissioning process. Lucid says its new facility, dubbed Lucid AMP-1 (Advanced Manufacturing Plant), is the first greenfield, dedicated EV factory to be built in North America. This spring, the new… Read more »
Lucid Motors releases pricing, performance specs for its upcoming EV lineup
Lucid Motors has revealed more details about its upcoming Lucid Air model range. The base model, called the Lucid Air, starts at $77,400. It has a single-motor powertrain (an optional dual-motor, all-wheel drive configuration is also available) with 480 horsepower and a projected EPA range of 406 miles. All Lucid models feature a 900-volt electrical… Read more »
Lucid Motors said to be working on electric SUV
Lucid Motors is one of the most interesting of a crop of young EV startups that are hoping to duplicate Tesla’s formula of launching a luxury EV as the first step towards bringing EVs to the mainstream (see our interview with CTO Peter Rawlinson in the March/April 2018 issue of Charged). A prototype of that… Read more »
Lucid Motors to offer customers access to Electrify America’s ultra-fast charging network
Lucid Motors has made an agreement with Electrify America to provide a nationwide charging plan to Lucid customers. In its first phase of construction, Electrify America will install over 2,000 DC ultra-fast chargers at around 500 sites in metro and highway locations across 40 states and 17 major cities. Lucid selected Electrify America because of… Read more »
Lucid Motors scores $1 billion investment from Saudi fund
Lucid Motors has executed a billion-dollar investment agreement with the Public Investment Fund of Saudi Arabia (PIF). Lucid plans to use the funding to complete engineering development and testing of its Lucid Air luxury sedan, finish building its Arizona factory and begin production. Silicon Valley-based Lucid Motors, which has a number of former Tesla execs… Read more »
A look at Lucid Motors: Q&A with CTO Peter Rawlinson
The legacy automakers are slowly and methodically developing new EVs, with various levels of enthusiasm, but the most ambitious plans for new vehicles are coming from a handful of EV startups. Most of these pioneers of the new auto industry share a formula: deep-pocketed investors (many from China), former Tesla employees on staff, and plans… Read more »
Lucid Motors and Samsung SDI collaborate on next-generation cylindrical cells
EV startup Lucid Motors and battery giant Samsung SDI have entered a partnership under which Samsung will supply lithium-ion cells for the Lucid Air executive sedan, which is scheduled to begin production in late 2018. The two companies have collaborated to develop next-generation cylindrical cells that they say exceed current performance benchmarks in energy density,… Read more »
Lucid Motors unveils Lucid Air luxury sedan
Lucid Motors, formerly known as Atieva, has unveiled its Lucid Air electric luxury sedan. Some of the specs are already known, as the powertrain seems to be much the same as that used in the company’s hotrod van Edna, but the new car’s design was revealed for the first time. The Air uses a new… Read more »
Lucid Motors announces location of its EV factory
Lucid Motors, an EV startup with a number of Tesla alumni on staff, has announced that Casa Grande, Arizona will be the location of its auto factory. The company evaluated 60 potential sites in 13 states, and made its selection based on the area’s “pro-business mindset, excellent workforce, forward-thinking academic institutions, proximity to our Silicon… Read more »