Jump to content

Lucid Motors: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
Line 88: Line 88:
[[Category:Motor vehicle manufacturers based in California]]
[[Category:Motor vehicle manufacturers based in California]]
[[Category:Vehicle manufacturing companies established in 2007]]
[[Category:Vehicle manufacturing companies established in 2007]]
[[Category:Special-purpose acquisition companies]]

Revision as of 13:55, 23 February 2021

This article is about an electric car company. For the race car company, see Lucidi Motors.
Lucid Motors, Inc.
IndustryAutomobiles
Founded2007; 17 years ago (2007)
FounderBernard Tse
Sam Weng
HeadquartersNewark, California, United States
Key people
Peter Rawlinson
(CEO, CTO)
Derek Jenkins
(VP of Design)
Andrew Liveris
(Chairman)[1]
Number of employees
2,000 (February 2021)[2]
Websitelucidmotors.com

Lucid Motors, Inc. (formerly known as Atieva)[3] is an American automotive company specializing in electric cars. The company was founded in 2007, and is based in Newark, California.[4] As of 2020 its first car, Lucid Air, is in development.

History

Lucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers.[5]

Some of Lucid's 500 employees as of 2016 had previously worked at other car companies such as Tesla and Mazda, including Peter Rawlinson, the former VP of Engineering at Tesla,[3] and Derek Jenkins, the former Head of Design at Mazda North America Operations.[6] The company has seen investments from Tsing Capital, Mitsui, Venrock, JAFCO, and others,[6][7] providing an estimated US$131 million by 2016.[8] Venrock, Mitsui, and JAFCO are still current investors in the company.[9]

The company rebranded to Lucid Motors in October 2016 and officially announced its intent to develop an all-electric, high-performance luxury vehicle.[5]

On November 29, 2016, state and company officials announced the planned construction of Lucid's US$700 million manufacturing plant in Casa Grande, Arizona, which was projected to employ up to 2,000 workers by the mid-2020s,[10][11][12] initially building 20,000 cars and expanding up to 130,000 cars per year. The factory was then to be designed to support a maximum capacity of 380,000 cars per year.[13] As of November 2016, the company had planned to break ground in 2017, and have cars in production by early 2019.[14]

On September 17, 2018, Lucid Motors announced that they were in talks with the Public Investment Fund of Saudi Arabia for a funding valued at over $1 billion.[15][16] The investment was completed in April 2019.[17] The investment will fund: the final engineering and testing of the Lucid Air model; the first-phase construction of its manufacturing plant in Casa Grande, Arizona;[16] the commercial production of the Lucid Air; and Lucid's worldwide retail strategy, beginning in North America.[15][16][18] Construction of the plant began in late 2019, the first-phase was completed in December 2020.[19][20] The second-phase construction is ongoing and will increase production capacity from 34,000 to 90,000 vehicles a year. The completed factory (4 phases) will have a combined manufacturing capacity of about 400,000 cars per year.[21]

In February 2021, Lucid Motors announced a deal valued at $11.75 billion to merge with Churchill Capital Corp IV (ticker CCIV), a publicly traded special-purpose acquisition company.[22]

Vehicles

Lucid mainly developed battery technology in its early years, but began development of its first car in 2014.[7]

Development prototype

The company initially used a Mercedes Metris van, named “Edna”, to develop the powertrain.[7][23]

Lucid Air

Main article: Lucid Air

A prototype of the Lucid Air fully electric car was unveiled in December 2016. Lucid Air production is expected to start in spring 2021.[24] In November 2020, The Lucid Air Pure was announced with 406 miles (653 km) of projected range and 480 horsepower (360 kW) and a starting price of US$69,900 (after US federal tax credit). The full range of models includes Lucid Air Touring, Grand Touring, and Dream Edition versions.[25]

On August 11, 2020, it was announced that the car is expected to have an estimated EPA range of 517 miles (832 km) on a single charge.[26]

Lucid has agreed with Mobileye to use their EyeQ4 chips and 8 cameras for driver assist features,[27] and will make the car "autonomous ready".[28] This 4-door sedan is able to reach a software-limited top speed of 217 mph (349 km/h).[29] In July 2017, running on the high-speed track at the Transportation Research Center in Ohio, a special version of the car (with the speed limiter disabled via software and other modifications) hit 235 mph (378 km/h).[29]

Lucid is collaborating with Amazon to build in compatibility with Amazon's voice assistant Alexa, allowing drivers to use the voice assistant for navigation, phone calls, media streaming, smart home control, and other activities while driving.[30]

Project Gravity

Lucid unveiled an electric SUV concept in September 2020 called Project Gravity, but provided only a brief "glimpse of the future" and short video segment.[24]: 43:38–44:25 

Batteries

The Lucid Air will debut with a 900V+ electrical architecture, custom lithium-ion battery cells.[31]

Lucid's car uses the 2170[6] standard for its lithium-ion battery[32] cells, and supply agreements have been signed with both Samsung SDI[33] and LG Chem.[34]

Lucid has designed, developed, manufactured and supplied battery packs for all race teams in the 2018–19 Formula E season,[35] and will continue to do so for the 2019–20 season,[3] in collaboration with McLaren Applied Technologies and Sony.[36][37] The Formula E specification[38] calls for a battery weight of 250 kg (550 lb), 54 kWh energy, and peak power of up to 250 kW.[39]

Charging

Lucid Motors partnered with Electrify America to use their nationwide charging network as an option for recharging Lucid's electric vehicles on the road.[40][41] The Lucid Air will be able to add 300 miles in as fast as 20 minutes when using the station's 350 kW charging capability.[42]

Manufacturing facility

In December of 2019, Lucid broke ground on a factory in Casa Grande, Arizona, the first greenfield facility for EV manufacturing in the United States.[43] On December 1, 2020, Lucid completed factory construction, dubbed AMP-1, and "aims to ramp up to 400,000 electric cars per year."[44]

The $700 million facility is expected to begin producing the Lucid Air by Spring 2021. The initial phase includes an initial 999,000 square feet, but Lucid has intentions to expand this to 5.1 million square feet by 2028. Phase 2 of construction is expected to begin at some point in early 2021. Lucid also wishes to begin producing their SUV, currently referred to as "Project Gravity", at this same facility by 2023. The land upon which this facility is built is not owned by Lucid, but rather by Pinal County, who will be leasing the 500-acre plot to Lucid. Pinal County plans to relinquish ownership of the land to Lucid in the future. The land was bought by Pinal County for $29.94 million, which was financed by issuing bonds. [45]

See also

References

  1. ^ "Board of Directors". Lucid Motors. Retrieved 27 January 2021.
  2. ^ "Lucid Motors is going public in a major SPAC merger". The Verge. Retrieved 22 February 2021.
  3. ^ a b c "Atieva will launch its Tesla competitor by December". Recode. 20 October 2016. Retrieved 21 October 2016. the factory will be built in Casa Grande, which happens to be one of the locations [for] Gigafactory to produce battery packs for Tesla vehicles. That facility ended up in Nevada. "Arizona is not going to want to lose out a second time"
  4. ^ "On the Move: Lucid's New California Headquarters". Lucid. Lucid Motors Inc. Archived from the original on 3 January 2018. Retrieved 3 January 2018.
  5. ^ a b Kirsten Korosec. "EV startup Lucid Motors snaps up Tesla's former production executive". Tech Crunch. Retrieved 7 October 2019.
  6. ^ a b c "Preview: Lucid Motors Prototype Sedan". Motor Trend. 3 November 2016. Retrieved 4 November 2016.
  7. ^ a b c Halvorson, Bengt (27 October 2016). "Tesla Owners, Will Lucid Make Your Next Electric Car?". Car and Driver. Retrieved 8 November 2016.
  8. ^ "Lucid Motors - crunchbase".
  9. ^ "Lucid Motors Investors". Crunchbase. Retrieved 18 October 2019.
  10. ^ FOX. "Electric car factory planned in Arizona to have 2,000 workers". Archived from the original on 2017-08-13. Retrieved 2016-11-30.
  11. ^ "Lucid Motors Has A 1000HP Tesla Challenger; Now To Find The Cash To Build It". Forbes. 29 November 2016. Retrieved 30 November 2016.
  12. ^ Ronald J. Hansen and Yvonne Wingett Sanchez (30 November 2016). "Tesla rival Lucid Motors plans Casa Grande plant". azcentral, The Republic. Retrieved 30 November 2016.
  13. ^ "Electric Cars Are About to Start Rolling Out of the Arizona Desert". www.bloomberg.com. 22 May 2020.
  14. ^ "Casa Grande preparing for Lucid's high-dollar Arizona car factory". AZ Central. 19 February 2019. Retrieved 2019-05-10.
  15. ^ a b "Lucid Signs $1bn+ Investment Agreement with Public Investment Fund of Saudi Arabia". Lucid Motors. 17 September 2017. Retrieved 20 October 2018.
  16. ^ a b c Jhaveri, Aakash. "Lucid Motors signs investment agreement with PIF, valued at over a billion dollars". Retrieved 20 October 2018.
  17. ^ Eric C. Evarts. "Lucid Motors gets real as Saudi funding comes through". Green Car Reports. Retrieved 7 October 2019.
  18. ^ Kirsten Korosec. "EV startup Lucid Motors snaps up Tesla's former production executive". Tech Crunch. Retrieved 7 October 2019.
  19. ^ "Lucid Motors Begins Construction Of Arizona Factory". CleanTechnica. 3 December 2019.
  20. ^ J. Hawkins, Andrew (December 1, 2020). "Lucid Motors finishes the first phase of its $700 million EV factory in Arizona". The Verge. Retrieved February 22, 2021.
  21. ^ Evers, Andrew (February 12, 2021). "First look inside Lucid Motors' new factory in Casa Grande, Arizona". CNBC. Retrieved February 22, 2021.
  22. ^ "Lucid Motors to Go Public in Merger with Churchill Capital Corp IV, Bolstering Lucid's Vision to Redefine Luxury, Performance and Efficiency in the Sustainable Electric Vehicle Market". Lucid Motors. February 22, 2021. Retrieved February 22, 2021.
  23. ^ "Introducing Edna". Lucid Motors.
  24. ^ a b "Dream Ahead". September 9, 2020. Retrieved September 9, 2020.
  25. ^ Baldwin, Roberto (2020-11-25). "2022 Lucid Air Pure, Base Model of the New EV, to Start at $77,400". Car and Driver. Retrieved 2020-12-25.
  26. ^ Wayland, Michael (2020-08-11). "Lucid challenges Tesla with a luxury EV sedan that has a record 517 miles of range per charge". CNBC. Retrieved 2020-08-12.
  27. ^ Lambert, Fred (2 January 2017). "Lucid Motors' autonomous tech in its all-electric sedan will be powered by Tesla's former partner Mobileye". Electrek. Retrieved 2 January 2017.
  28. ^ Davey G. Johnson. "Rarefied Air: Lucid's New Car Just Might Be the Real Deal". Car and Driver. Retrieved 7 October 2019.
  29. ^ a b "Testing Without Limits: Lucid Air Hits 235 mph". Lucid Motors. 2017-07-10. Retrieved 2020-08-19.
  30. ^ White, Jeremy (2020-09-09). "Lucid Air is a 500-mile range Tesla rival that charges in just minutes". Wired UK. ISSN 1357-0978. Retrieved 2020-09-15.
  31. ^ "Lucid Air to be the Fastest Charging EV, Featuring a 900V+ Architecture Delivering a Charging Rate of Up to 20 Miles Per Minute". lucidmotors.com. Retrieved 2020-12-25.
  32. ^ Cunningham, Wayne (21 October 2016). "Start-up Lucid Motors launches with 300-mile plus premium electric sedan". Roadshow. CBS Interactive. Retrieved 8 November 2016.
  33. ^ "Would-Be Tesla Rival Lucid Motors Inks Battery Supply Pact With Samsung SDI". Forbes. 6 December 2016. Retrieved 7 December 2016.
  34. ^ Kelly Lin. "Lucid Partners With LG Chem on Battery Cells". Motortrend. Retrieved 18 October 2019.
  35. ^ Dow, Jameson (2018-12-12). "Formula E's new race season starts this weekend, with much-improved Gen 2 car". Electrek. Retrieved 2019-02-03.
  36. ^ ApexRacingPR (2016-10-23). "Three-way partnership for Formula E battery supply". Archived from the original on 2017-06-02. Retrieved 2016-12-18.
  37. ^ "Lucid (Formerly Known as Atieva) Will Be the Sole Battery-Pack Supplier for Formula E". Retrieved 2016-12-18.
  38. ^ http://legal.fia.com/web%255Cappeloffre.nsf/E93EA1FEBD58EBA2C1257F7300593D40/$FILE/2016%252003%252011%2520ITT%2520FE%2520battery%2520system%2520(3).pdf?openelement[permanent dead link]
  39. ^ "Lucid Will Be the Sole Battery-Pack Supplier for Formula E Racing". Car and Driver. Retrieved 8 November 2016.
  40. ^ Stephen Edelstein. "Lucid Motors to Use Electrify America Charging Network for Its Air Electric Car". The Drive. Retrieved 18 October 2019.
  41. ^ Arthur Villasanta. "Tesla Model S vs. Porsche Taycan: Survey Reveals Clear Winner Among EV Buyers". International Business Times. Retrieved 18 October 2019.
  42. ^ "Lucid Air gets over 300-kW fast charging, V2G home charging". Autoblog. Retrieved 2020-08-19.
  43. ^ "Lucid's First Greenfield EV Factory Wraps Construction". HotCars. 2020-12-02. Retrieved 2020-12-25.
  44. ^ Lambert, Fred (2020-12-01). "Lucid completes factory construction, aims to ramp up to 400,000 electric cars per year". Electrek. Retrieved 2020-12-25.
  45. ^ Hawkins, Andrew J. (1 December 2020). "Lucid Motors finishes the first phase of its $700 million EV factory in Arizona". The Verge. Vox Media.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Lucid_Motors&oldid=1008474091"