The US electric carmaker Lucid Motors wants to raise about $3 billion through a stock offering. The majority will come from the Saudi Arabian Public Investment Fund (PIF), which already has a stake of more than 60 per cent in Lucid.
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US electric car manufacturer Lucid Motors announced pricing for two more Lucid Air luxury sedan variants for Germany, the Netherlands, Switzerland and Norway. These are the Air Pure AWD and the Air Touring, which feature the smaller 92 kWh battery pack for up to 725 kilometres WLTP range.
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The US electric car manufacturer Lucid Motors has reported higher losses again in the first quarter, and sales also fell compared to the fourth quarter of the previous year. In addition, Lucid is lowering its production target for this year.
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Over the first quarter of 2023, Lucid Motors reported 2,314 vehicles produced and 1,406 delivered. While the US company only started deliveries of the Lucid Air model in 2022, the new figures are clearly below those from Q4/2022.
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Electric car manufacturer Lucid Motors is firing around 18 per cent of its employees. As part of a restructuring plan, the US company wants to reduce its costs after going deep in the red in 2022. In addition, Lucid also has to recall some units of its Lucid Air.
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US electric car manufacturer Lucid Motors appoints a new European head and opens its fourth European retail studio – its first in Norway. Lucid’s new Managing Director for Europe is Michael van der Sande, who will report directly to CEO and CTO Peter Rawlinson and be based in Amsterdam at Lucid’s European headquarters.
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US electric car maker Lucid Motors has released its fourth quarter and full-year 2022 financial results. The company posted a billion-dollar loss for the year, but revenue growth is in line with deliveries.
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US electric car manufacturer Lucid Motors announced that it will offer its own $7,500 credit for select configurations of Lucid Air Touring and Air Grand Touring models purchased by the end of March 2023.
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The US electric car manufacturer Lucid Motors has exceeded its most recent production target for 2022. With a strong final quarter, the target of 6,000 to 7,000 vehicles was even slightly exceeded.
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The US electric car manufacturer Lucid Motors has started deliveries of its electric luxury sedan Air in Europe. The first units went to customers in Germany and the Netherlands.
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Lucid Motors has signed a supply agreement for battery cells with Panasonic Energy. The Panasonic batteries will be installed in both the Lucid Air and the upcoming Gravity SUV. Until now, the cells came from LG.
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The US electric car manufacturer Lucid Motors has opened its first sales outlet in Switzerland. The Lucid Studio at Cours de Rive 10 in Geneva is the company’s second location in Europe after the store in Munich, which opened in May 2022.
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The US electric car manufacturer Lucid Motors has given a preview of its second model, the Gravity SUV. In addition to some pictures, there are also first concrete statements about the concept. Lucid is also launching further variants of its Air sedan.
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The US electric car manufacturer Lucid Motors achieved a turnover of $195.5 million in the third quarter of this year. That is about twice as much as in the second quarter. There is also news about the timetable for the Gravity electric SUV.
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The US electric car manufacturer Lucid Motors produced 2,282 units of its only Air model in the third quarter of this year so far – more than three times as many as in the second quarter of 2022. Lucid also delivered 1,398 vehicles from July to September.
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US electric carmaker Lucid Motors is losing several high-ranking executives, including production chief Peter Hochholdinger, amid its struggles to ramp up production of its debut Lucid Air model.
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The US electric car manufacturer Lucid Motors has introduced its new performance subsidiary brand Sapphire. It will debut with a three-motor version of the Air electric sedan, which is expected to rival the Tesla Model S Plaid.
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The US electric car manufacturer Lucid Motors has cut its production target for 2022 in half. Instead of the previously forecast 12,000 to 14,000 cars, Lucid now only expects to produce 6,000 to 7,000 vehicles this year.
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Lucid unveiled Lucid Financial Services, a digital platform offering a new financing process, including lease and loan purchase options to Lucid Air customers. The program is accessible to US customers and runs together with Bank of America.
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The European launch of the Californian electric car start-up Lucid Motors announced last year is becoming concrete: on 13 May, the manufacturer will open its first location in Europe with the Lucid Studio at Odeonsplatz in Munich. The first prices for Germany are also known.
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US electric car manufacturer Lucid Motors has entered into an agreement with the government of Saudi Arabia to purchase up to 100,000 vehicles from Lucid over a ten-year period.
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Lucid Motors has added a version to the model portfolio of its electric luxury sedan Air. With 783 kW, the Grand Touring Performance is the most powerful version of the Air. Deliveries in the US will begin in July 2022 with prices starting at $179,000.
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Lucid Motors announced opening a new Studio in Toronto. It is the company’s second outlet in Canada and 23rd in its growing North American retail network. The company expects to begin Canadian deliveries of the Lucid Air in Spring 2022. There’s also good news on cooperation with Electrify America.
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Rohm Semiconductor has announced that Lucid Motors is a client. The EV maker from California will use Rohm’s silicon carbide semiconductor (SiC MOSFET) in the Lucid Air’s onboard charger.
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Lucid Motors plans to start building its announced factory in Saudi Arabia before the end of the first half of 2022. The US electric car manufacturer has also confirmed the location officially – the same goes for production capacity.
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The Californian electric car startup Lucid Motors has to announce the first small recall a few months after the start of deliveries of its debut model Air: There is a possibility that a part of the suspension was improperly assembled by the supplier.
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The US electric car manufacturer Lucid Motors has begun the announced expansion of its plant in Casa Grande in the US state of Arizona. The company, which is now listed on the stock exchange, also presented its first quarterly financial statement.
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Lucid Motors will begin deliveries of its debut Air model at an event in California on 30 October. The first reservation holders of the ‘Dream Edition’ of the Lucid Air have been invited to take delivery of their vehicles there.
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Lucid Motors believes it is well on track to meet its production targets by 2023 after starting series production of its Air electric sedan. The company wants to raise further capital for the planned SUV model despite its recent IPO.
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Lucid Motors has officially started production of the first customer vehicles of its Air electric sedan at its plant in Casa Grande in the US state of Arizona. Deliveries are scheduled to begin at the end of October. According to the manufacturer, more than 13,000 reservations have been made so far.
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