|Industry||Motor vehicle manufacturing|
|Founder||Bernard Tse |
|Sam Weng, CEO|
Some of Lucid's 300 employees previously worked at Mazda, Tesla, and other car companies. The company is financed by Tsing Capital, Sumitomo, Venrock, LeEco, JAFCO, and others, providing $131 million by 2016.
On November 29, 2016, state and company officials announced the planned construction of Lucid's $700 million manufacturing plant in Casa Grande, Arizona which was projected to employ up to 2,000 workers by 2022, eventually building 20,000 to 130,000 cars per year. The city was a candidate for Tesla's Gigafactory 1 in 2014.
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. The investment was a major milestone for the company, which is slated to launch its Lucid Air model commercially in 2020. The bulk of the funding — $700 million — will go to construction of its manufacturing plant in Casa Grande, Arizona; it will also enable the completion of engineering development and testing of the car, and the subsequent commencement of commercial production its retail strategy.
Lucid mainly developed battery technology in its early years, but began making an aluminium prototype car in 2014.
Atieva's drivetrain development platform is called "Edna" and was used to develop the powertrain.
Originally teased as the "Atieva Atvus"; it was unveiled as the "Lucid Air" in December 2016 and planned to be available about two years later. It has a 400 hp front motor and a 600 hp rear motor for a combined horsepower of 900 to 1,000 hp. Lucid has agreed with Mobileye to use their EyeQ4 chips and 8 cameras for driver assist features. Parts of the media view Lucid's 2018 production plans as 'challenging'. This 4-door sedan is able to reach a software limited top speed of 217 mph; but, 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) has hit 235 mph.
Lucid will design, develop, manufacture and supply battery packs for the Formula E 2018-2019 and 2019-2020 season, in collaboration with McLaren Applied Technologies and Sony. The Formula E specification calls for a battery weight of 250 kg (551 pounds), 54 kWh energy, and peak power of up to 250 kW.
- "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”
- "On the Move: Lucid's New California Headquarters". Lucid. Lucid Motors Inc. Retrieved 3 January 2018.
- "Preview: Lucid Motors Prototype Sedan". Motor Trend. 3 November 2016. Retrieved 4 November 2016.
- Halvorson, Bengt (27 October 2016). "Tesla Owners, Will Lucid Make Your Next Electric Car?". Car and Driver. Retrieved 8 November 2016.
- "Lucid Motors - crunchbase".
- FOX. "Electric car factory planned in Arizona to have 2,000 workers".
- "Lucid Motors Has A 1000HP Tesla Challenger; Now To Find The Cash To Build It". Forbes. 29 November 2016. Retrieved 30 November 2016.
- 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.
- "Lucid Signs $1bn+ Investment Agreement with Public Investment Fund of Saudi Arabia". Lucid Motors. 17 September 2017. Retrieved 20 October 2018.
- Jhaveri, Aakash. "Lucid Motors signs investment agreement with PIF, valued at over a billion dollars". Retrieved 20 October 2018.
- "Introducing Edna". Lucid Motors.
- Jason Torchinsky (16 October 2014). "We Now Know What The Tesla-Fighting Atieva Atvus Looks Like Thanks To A Leak". Jalopnik.
- Lucid Motors debuts luxury EV set to take on Tesla
- "Lucid reveals design for its luxury Air sedan, a Tesla competitor". Green Car Reports. 15 December 2016. Retrieved 19 December 2016.
- "That Was Then, This Is Now. Atieva Changes Name To Lucid Motors". Gas 2. Retrieved 8 November 2016.
plans to start production in 2018. Since it doesn’t even have a factory yet, that claim is hard to believe.
- "Name Change: EV Automaker Atieva is Now Lucid, Teaser Photos Revealed - Motor Trend". 21 October 2016.
- 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.
- Cunningham, Wayne (21 October 2016). "Start-up Lucid Motors launches with 300-mile plus premium electric sedan". Roadshow. CBS Interactive. Retrieved 8 November 2016.
- "Would-Be Tesla Rival Lucid Motors Inks Battery Supply Pact With Samsung SDI". Forbes. 6 December 2016. Retrieved 7 December 2016.
- ApexRacingPR (2016-10-23). "Three-way partnership for Formula E battery supply". Retrieved 2016-12-18.
- "Lucid (Formerly Known as Atieva) Will Be the Sole Battery-Pack Supplier for Formula E". Retrieved 2016-12-18.
- "Lucid Will Be the Sole Battery-Pack Supplier for Formula E Racing". Car and Driver. Retrieved 8 November 2016.