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Lucid Group Inc. in Talks With Auto Brands for Potential Partnerships

Dec 12, 2024•over 1 year ago

Contract Type

partnership

NewarkManufacturingManufacturingEnergyTransportationFashionAutomotiveAutomotiveAutomotiveElectric Vehicle

Description

Lucid CEO Peter Rawlinson revealed that the company is in discussions with multiple automakers for potential partnerships to expand its presence in the plug-in car market. The goal is to collaborate with traditional car companies to share costs, intellectual property, and leverage economies of scale.

Company Information

Company

Lucid Group

Location

Newark, California, United States

About

Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The Company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to U.S. and Canadian customers.

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