Lucid Motors is actively looking for partnerships with established automakers to additional its ambitions in electrical automobile (EV) manufacturing. Following a latest settlement to help Aston Martin in creating its personal EV expertise, Lucid has engaged in discussions with two unnamed automakers.
Whereas Lucid is a comparatively new participant within the automotive trade, it has shortly gained recognition as a frontrunner in EV expertise. Presently, the corporate is leveraging its experience by aiding Aston Martin in making a customized EV platform. Nevertheless, Lucid’s aspirations prolong past this partnership; it goals to collaborate with extra conventional producers.
In a latest interview with Bloomberg, Lucid CEO Peter Rawlinson revealed that the corporate is in talks with “a pair” of automakers, though he kept away from disclosing their identities—one could embrace Genesis. He emphasised the potential advantages, stating, “It might be beautiful if we might provide expertise to a conventional automotive firm to assist them on their strategy to sustainability, and maybe we are able to leverage economies of scale with their components bin and different facets of the enterprise.”
This means Lucid’s curiosity in offering its EV expertise whereas additionally anticipating gaining invaluable insights from its companions. Not like the present settlement with Aston Martin—which primarily favors Lucid—the corporate envisions a extra reciprocal relationship with future companions. Aston Martin plans to debut an EV that includes Lucid expertise in 2026, with a number of extra fashions in improvement.
Lucid just isn’t alone in looking for partnerships. Rivian, one other EV startup, has shaped a multi-billion greenback three way partnership with Volkswagen to develop electrical autos. Volkswagen is about to speculate round $6 billion, with the primary autos anticipated to launch in 2027. Notably, a prototype EV from Volkswagen is already using Rivian’s platform and expertise.
With Volkswagen proudly owning the Scout EV model, the upcoming Scout Terra and Traveler fashions could share elements with Rivian autos, additional blurring the strains between the 2 corporations.
Lucid’s proprietary electrical motors and superior 900-volt platform permit it to provide a number of the most effective EVs out there. Nevertheless, the corporate lacks expertise in scaling manufacturing to the tons of of hundreds, making alliances with established automakers extremely useful.
Presently, Lucid is concentrated on rising the manufacturing of its second mannequin, the Gravity full-size SUV. Subsequently, it’s going to put together for the launch of a extra inexpensive midsize electrical SUV, priced round $48,000, to focus on greater gross sales volumes than its present choices. The entry-level Lucid mannequin, the Air Pure, begins at $71,400, with luxurious variants reaching over $250,000.
Rawlinson has set an formidable goal for the corporate to promote 1 million autos yearly, relying considerably on the introduction of two midsize electrical crossovers to realize this purpose. This 12 months, Lucid produced roughly 10,000 autos, indicating that it has a substantial journey forward to fulfill its goal.
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