Lucid Motors Explained

Lucid Group, Inc.
Former Name:Atieva, Inc.
Type:Public
Industry:Automotive
Location:Newark, California, U.S.
Num Employees Year:2023
Production:8,428
Production Year:2023
Revenue Year:2023
Operating Income: −
Income Year:2023
Net Income: −
Net Income Year:2023
Assets Year:2023
Equity Year:2023
Owner:Public Investment Fund (59.77%) (2023)
Footnotes:[1] [2] [3] [4]

Lucid Group, Inc. is an American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California.[5] In September 2021, the company began producing the Lucid Air sedan at its factory in Casa Grande, Arizona.[6] The company expects to begin production of its second model, the Lucid Gravity SUV, in late 2024.[7] Lucid also supplies and develops powertrain technology to other automakers, including Aston Martin.[8]

Since April 2019, Lucid has been majority-owned by the Public Investment Fund, which is the sovereign wealth fund of Saudi Arabia.[9] Other investors include The Vanguard Group, BlackRock and State Street Corporation.[10]

History

In 2007, Tesla Motors Vice President Bernard Tse, co-founder of Astoria Networks Sam Weng, and inventor Sheaupyng Lin founded a company named Atieva to build electric vehicle batteries and powertrains for vehicle manufacturers.[11] [12] In 2011, Atieva began working with lithium-ion cell maker Lishen to build battery packs for electric buses in China.[13] In 2014, Beijing Automotive Industry Holding (BAIC), a state-owned carmaker, acquired a 25 percent stake in Atieva.[14] Atieva received investments from Tsing Capital, Mitsui, Venrock, JAFCO, and others.[15] [16]

British engineer and businessman Peter Rawlinson, formerly Vice President of Engineering and Chief Engineer of the Model S at Tesla, Inc., joined Atieva in 2013 as Chief Technology Officer (CTO) and board member.[17] Rawlinson and the team rebranded the company Lucid Motors in October 2016[17] [18] and officially announced the company's intent to develop an all-electric, long-range, high-performance vehicle.

On November 29, 2016, Lucid executives and officials in Arizona 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,[19] [20] [21] initially building 20,000 cars and expanding to 130,000 cars per year. Rawlinson took on the additional role of CEO in April 2019, while keeping his role as CTO and board member.[17] The first vehicles rolled off the assembly line on September 28, 2021.[22]

On September 17, 2018, Lucid Motors announced talks with the Public Investment Fund for $1 billion in funding.[23] [24] The investment was completed in April 2019.[9] The investment would fund the final engineering, testing and production of the Lucid Air, the first-phase construction of its manufacturing plant in Arizona, and its worldwide retail strategy, beginning in North America.[25] Construction of the plant began in late 2019, and the first phase was completed in December 2020.[26] [27] The second phase of construction began in late 2021 to increase production capacity from 34,000 to 90,000 vehicles a year.[28] The completed four phases of the factory are intended to have a combined manufacturing capacity of 400,000 cars per year.[29]

In February 2021, Lucid Motors announced a deal valued at $11.75 billion to merge with Churchill Capital Corp IV, a publicly-traded special-purpose acquisition company (SPAC).[30] Rawlinson announced Lucid's intention to produce its Gravity SUV by 2023, then offer a competitor to Tesla's Model 3 by 2024 or 2025.[31] [32] On July 26, 2021, the company went public,[33] with the Public Investment Fund owning 60 percent of Lucid.[34] The fund recorded a profit of $20 billion from its $2.9 billion investment.

Lucid began building its first all-electric Lucid Air sedan in Arizona in September 2021, and deliveries began in late October.[35] Lucid produced 7,180 vehicles in 2022,[36] lower than expected, with the company citing supply chain issues.[37] [38] Lucid produced 8,428 vehicles in 2023, meeting the higher end of company guidance.[39]

In June 2023, Lucid signed an agreement to develop and supply electric motors, powertrains, and battery systems for Aston Martin's upcoming range of fully electric cars. According to the terms of the $450 million deal,[40] Aston Martin said it would pay Lucid $132 million in cash for its expertise; Lucid would be given a 3.7 percent stake in Aston Martin worth $100 million; and Aston Martin guaranteed it would buy at least $225 million in powertrain components.[41] [42]

On August 7, 2024, Lucid Group announced a further $1.5 billion in funding from its majority shareholder, Ayar Third Investment Co., an affiliate of PIF. The deal includes $750 million in convertible preferred stock and the rest in an unsecured loan.[43]

Prototype

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

The company initially used a Mercedes Metris van named "Edna", to develop the powertrain.[16] [44]

Lucid Air

See main article: Lucid Air.

A prototype of the Lucid Air fully electric car was unveiled in December 2016. Lucid Air production was expected to start in spring 2021.[45] In November 2020, The Lucid Air Pure was announced with of projected range and and a starting price of US$77,400. The full range of models includes Lucid Air Touring, Grand Touring, and Dream Edition versions. The top spec cars have an output of over 1000hp.[46]

On September 16, 2020, the US Environmental Protection Agency (EPA) rated the range of the Lucid Air to be on a single charge.[47] [48]

Lucid has agreed with Mobileye to use their EyeQ4 chips and eight cameras for driver assist features,[49] and will make the car "autonomous ready".[50] The 4-door sedan is able to reach a software-limited top speed of .[51] In July 2017, while 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 .

Lucid is collaborating with Amazon to include Amazon's Alexa voice assistant, allowing drivers to use the voice assistant for navigation, phone calls, media streaming, smart home control, and other activities while driving.[52]

The infotainment system is based on Android Automotive.[53]

A Lucid Air is used by the character of Samantha Margolis in several episodes of season four of the Amazon Studios TV series Goliath.[54]

In September 2021, Lucid released the EPA estimated range for both the Dream Edition Air and Air Grand Touring; the Dream Air had a range of 520 miles on a single charge while the Grand Touring offered 516 miles, making the Dream the longest range of any EV rated by the EPA and the Grand Touring the first to top 400 miles in a test drive.[55] [56]

Lucid Motors unveiled its 2022 Lucid Air Grand Touring model in November 2021. This version of the Air Grand Touring is powered by two electric motors that have a combined and of torque.[57]

On May 5, 2022, Lucid announced that it was raising prices of the variants of its luxury Air sedan, beginning June 1, 2022. The price hikes were expected to push the base price of the Air sedan up as much as 13%.[58]

Lucid Air was named Motor Trend’s 2022 Car of the Year, being the first time a brand new car model won the award.[59]

In April 2023, the company began delivering a blacked-out or dark-trimmed 'Stealth' Air to customers, following its introduction in August.[60] Also in April 2023, Lucid Air won the 2023 World Luxury Car of the Year award.[61] [62]

Lucid Gravity

Lucid Gravity
Type:SUV
Powerout:480–1080 hp
Doors:4
Yearconstruction:2022—
Production:2024 (upcoming)
Model Years:2025—
Related:Lucid Air
Class:SUV
Layout:Front-engine SUV
Electric Range:Up to 440 mi (708 km)

Lucid teased an electric SUV concept in September 2020 called Project Gravity with only a brief image and short video segment.[45] Additional details were found in the patents that Lucid filed for the Gravity. The patents show that the Gravity features sleek headlamps similar to those of the Lucid Air as well as a visibly short hood and a large windscreen. In addition, the patents show that the side of the vehicle has a horizontal beltline as well as a sleek, wide windows, and quarter glass panels.[63]

On November 16, 2023, the vehicle was officially unveiled at the 2023 Los Angeles Auto Show, with an anticipated delivery date of late 2024 for the 2025 model year. The SUV will feature a 440 mile range via a dual motor electric powertrain and a 0–60 time of 3.5 seconds, with a starting price of under $80,000.[64]

In December 2023, electric vehicle charging startup Gravity Inc. filed “petition for cancellation” with the U.S. Patent and Trademark Office over Lucid's use of the word "gravity".[65] In June 2024, Gravity Inc. and Lucid came to a settlement allowing Lucid the use of the name "gravity."[66]

Batteries

The Lucid Air was planned as of 2020 to debut with a 900V+ electrical architecture, and custom lithium-ion battery cells.[67] It was planned to use the 2170 standard for the cells,[68] and, by 2019, supply agreements were signed with both Samsung SDI[69] and LG Chem.[70]

Lucid supplied battery packs for the Gen2 Formula E race cars from the 2018–2019 season[71] through the 2021–2022 season,[5] [72] in collaboration with McLaren Applied Technologies and Sony.[73] [74] The Formula E specification[75] called for a battery weight of, 54 kWh energy, and peak power of up to 250 kW.[76]

Charging

Lucid Motors partnered with Electrify America (EA) in 2019 to use their nationwide charging network as an option for recharging Lucid's electric vehicles on the road.[77] [78] The Lucid Air is able to add up to 300miles in 20 minutes when using the station's 350 kW charging capability, where that capability is available in EA charging stations.[79]

In 2022, Lucid announced their own home charging solution called the Lucid Connected Home Charging Station which would add 80 miles to the battery in just an hour.[80] After most auto manufacturers serving the North American market adopted the North American Charging Standard (NACS), in late 2023 Lucid also announced plans to equip their vehicles with the NACS ports in 2025.[81]

Manufacturing facilities

In December 2019, Lucid broke ground on a factory in Casa Grande, Arizona, the first greenfield facility for EV manufacturing in the United States.[82] On December 1, 2020, Lucid completed factory construction, dubbed AMP-1, and "aims to ramp up to 400,000 electric cars per year."[83]

The US$700 million facility was expected to begin producing the Lucid Air by spring 2021. The initial phase includes an initial . Phase 2 of construction was expected to begin in early 2021. The land upon which this facility is built is owned by Pinal County, Arizona, who leases the 500acres plot to Lucid. The land was bought by Pinal County for $29.94 million, which was financed by issuing bonds.[84]

On February 28, 2022, Lucid announced a long-term plan to build a new manufacturing plant in Saudi Arabia with the capability of producing 150,000 vehicles per year. Lucid has partnered with the Ministry of Investment of Saudi Arabia (MISA), The Saudi Industrial Development Fund (SIDF), and the King Abdullah Economic City (KAEC).[85]

Saudi Arabia investment

The Saudi Arabian government announced on April 27, 2022, that it plans to buy at least 50,000 and possibly up to 100,000 electric vehicles from Lucid Motors over the course of a decade.[86] The purchase is part of the government's effort to reduce its reliance on oil. The government selected Lucid Motors because the company is building its first international manufacturing plant in Saudi Arabia, with a goal of producing 150,000 cars annually.[87]

Ownership

The 10 largest institutional shareholder of Lucid as of December 2023 were:[88]

Shareholder namePercentage
Public Investment Fund59.77%
The Vanguard Group3.62%
BlackRock2.15%
State Street Corporation0.86%
Geode Capital Management0.63%
Mirae Asset Financial Group0.50%
First Trust Advisors0.42%
Morgan Stanley0.38%
UBS Group0.30%
Goldman Sachs0.29%
Others31.08%

See also

Notes and References

  1. Web site: Lucid Group, Inc. 2023 Annual Report (Form 10-K). . 27 February 2024.
  2. Web site: Lucid Group, Inc. 2022 Proxy Statement (Form DEF 14A) . 28 April 2022 . U.S. Securities and Exchange Commission.
  3. Web site: Electric luxury-car maker Lucid produced more vehicles in 2022 than expected . 12 January 2023 . Rosevear . John . CNBC.
  4. News: EV maker Lucid's quarterly production, deliveries fall, shares tumble . January 11, 2024 . Reuters.
  5. Web site: Atieva will launch its Tesla competitor by December. 20 October 2016 . Recode . 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".
  6. Web site: Wayland . Michael . 2021-09-28 . EV start-up Lucid begins production of flagship Air sedan ahead of customer deliveries . 2024-06-18 . CNBC . en.
  7. Web site: Lucid Gravity Electric SUV Revealed . 2024-06-18 . CNET . en.
  8. Web site: Hawkins . Andrew J. . 2023-06-26 . Lucid Motors strikes deal to power Aston Martin’s future lineup of EVs . 2024-06-18 . The Verge . en.
  9. News: Lucid Motors gets real as Saudi funding comes through. Eric C. Evarts. Green Car Reports. 7 October 2019.
  10. Web site: 2024-06-18 . BlackRock Just Doubled Down on Lucid Motors (LCID) Stock . 2024-06-18 . markets.businessinsider.com . en.
  11. News: EV startup Lucid Motors snaps up Tesla's former production executive. Kirsten Korosec. Tech Crunch. 7 October 2019.
  12. Web site: Wulandari . Fitri . Lucid Group shareholders: Who owns the most LCID stock? . 2 June 2023.
  13. Web site: Can Stealthy Atieva Pivot From Battery Builder to EV Automaker? . 2024-06-28 . www.greentechmedia.com.
  14. Web site: 2014-04-09 . Tesla is no 'Apple of the car industry', say Chinese state-owned carmakers . 2024-06-28 . South China Morning Post . en.
  15. Web site: 3 November 2016 . Preview: Lucid Motors Prototype Sedan . 4 November 2016 . Motor Trend.
  16. Web site: Tesla Owners, Will Lucid Make Your Next Electric Car? . 27 October 2016 . Bengt . Halvorson . . 8 November 2016 . November 9, 2016 . https://web.archive.org/web/20161109024317/http://blog.caranddriver.com/tesla-owners-will-lucid-make-your-next-electric-car/ . dead .
  17. Web site: Lucid Motors Appoints Peter Rawlinson as CEO . 2024-06-28 . Lucid Motors Appoints Peter Rawlinson as CEO . en.
  18. Web site: Start-up Lucid Motors launches with 300-mile plus premium electric sedan . 2024-06-28 . CNET . en.
  19. Web site: Electric car factory planned in Arizona to have 2,000 workers . FOX . 2016-11-30 . https://web.archive.org/web/20170813184922/http://www.fox10phoenix.com/news/arizona-news/220478838-story . 2017-08-13 . dead .
  20. Web site: Lucid Motors Has A 1000HP Tesla Challenger; Now To Find The Cash To Build It. 29 November 2016. Forbes. 30 November 2016.
  21. Web site: Tesla rival Lucid Motors plans Casa Grande plant . Ronald J. Hansen and Yvonne Wingett Sanchez . 30 November 2016. azcentral, The Republic. 30 November 2016.
  22. News: Wiles . Russ . First Lucid Group luxury electric cars roll off production line at Casa Grande factory . 30 September 2021 . Arizona Republic . 28 September 2021.
  23. Web site: Lucid Signs $1bn+ Investment Agreement with Public Investment Fund of Saudi Arabia . 17 September 2017 . Lucid Motors . 20 October 2018.
  24. Web site: Lucid Motors signs investment agreement with PIF, valued at over a billion dollars. Jhaveri. Aakash. 17 September 2018. 20 October 2018. September 18, 2018. https://web.archive.org/web/20180918012132/https://eoto.tech/lucid-motors-funding-saudi-pif/. dead.
  25. News: EV startup Lucid Motors snaps up Tesla's former production executive. Kirsten Korosec . Tech Crunch. 7 October 2019.
  26. Web site: Lucid Motors Begins Construction Of Arizona Factory . . 3 December 2019.
  27. Web site: Lucid Motors finishes the first phase of its $700 million EV factory in Arizona. The Verge. Andrew. J. Hawkins. December 1, 2020. February 22, 2021.
  28. Web site: Writer . AARON DORMAN, Staff . 2021-12-25 . Lucid Phase 2 underway, will be much larger than the first . 2024-06-28 . PinalCentral.com . en.
  29. Web site: First look inside Lucid Motors' new factory in Casa Grande, Arizona. CNBC. Andrew. Evers. February 12, 2021. February 22, 2021.
  30. Web site: 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. February 22, 2021.
  31. Web site: Lucid Motors CEO aims to launch Tesla Model 3 rival in 2024 or 2025. 2021-02-24. www.msn.com.
  32. Web site: Lucid Aims To Unveil Tesla Model 3 Rival By 2025: CEO. 2021-02-24. finance.yahoo.com. February 24, 2021 . en-US.
  33. News: Mehta . Chavi . Nishant . Niket . July 26, 2021 . EV maker Lucid rises in Nasdaq debut after merger with Klein-backed SPAC . June 28, 2024 . Reuters.
  34. News: Brown. Eliot. 2021-07-19. The $20 Billion Winner of the American EV Startup Boom: Saudi Arabia. en-US. Wall Street Journal. 2021-07-19. 0099-9660.
  35. News: Foldy. Ben. 2021-11-01. EV Startups Lucid and Rivian Deliver First Models to Customers. en-US. Wall Street Journal. 2021-11-01. 0099-9660.
  36. ,Web site: Root . Al . January 12, 2023 . Lucid's Production Jumps Over a Lowered Bar. The Stock Is Rising. . 2023-01-23 . Barrons.
  37. News: Naranan . Aparna . 2022-03-01 . Tesla Rival Slashes 2022 Production Outlook; Lucid Stock Tumbles . en-US . . 2022-03-02.
  38. Web site: Westbrook . Justin . 2022-03-01 . Lucid Air Production Estimates Deflated by Supply Chain Woes . 2022-03-02 . . en.
  39. Web site: Group . Lucid . Lucid Announces Fourth Quarter and Full Year 2023 Financial Results . 2024-06-28 . www.prnewswire.com . en.
  40. Web site: Hawkins . Andrew J. . 2023-06-26 . Lucid Motors strikes deal to power Aston Martin’s future lineup of EVs . 2024-07-03 . The Verge . en.
  41. News: Valdes-Dapena . Peter . June 26, 2023 . Aston Martin strikes deal with California-based Lucid to help make EVs . CNN Business.
  42. News: Carey . Nick . Koilparambil . Aby Jose . June 26, 2023 . Aston Martin turns to US EV company Lucid for high-tech help . Reuters.
  43. Web site: Saudi Arabia’s PIF invests $1.5 billion in Lucid Group to fuel sustainable transportation . Fast Company ME . Mansueto Ventures . 7 August 2024.
  44. Web site: Introducing Edna . Lucid Motors .
  45. Web site: September 9, 2020 . Dream Ahead . . September 9, 2020.
  46. Web site: Baldwin . Roberto . 2020-11-25. 2022 Lucid Air Pure, Base Model of the New EV, to Start at $77,400. 2020-12-25. Car and Driver. en-US.
  47. Web site: Wayland . Michael. 2020-08-11. Lucid challenges Tesla with a luxury EV sedan that has a record of range per charge. 2020-08-12. CNBC.
  48. Web site: fueleconomy.gov . 2022 Mod Year Vehicles (Preliminary) .
  49. Web site: Lucid Motors' autonomous tech in its all-electric sedan will be powered by Tesla's former partner Mobileye . Fred . Lambert . 2 January 2017. Electrek.co . 2 January 2017.
  50. News: Davey G. . Johnson. Rarefied Air: Lucid's New Car Just Might Be the Real Deal. Car and Driver . 7 October 2019.
  51. Web site: 2017-07-10. Testing Without Limits: Lucid Air Hits 235 mph. 2020-08-19. LucidMotors.com. en.
  52. News: White. Jeremy. 2020-09-09. Lucid Air is a 500-mile range Tesla rival that charges in just minutes. en-GB. Wired UK. 2020-09-15. 1357-0978.
  53. News: Korosec. Kirsten. 2021-05-27. Lucid Motors reveals all the tech inside its all-electric Air sedan. en-US. TechCrunch.com . 2021-07-27.
  54. Web site: Leung. Yasmine. 2021-09-25. What is the car in Goliath season 4? Meet the Lucid Air car. 2021-09-25. HITC.com . en-GB.
  55. News: Lucid shares EPA range for Air models including 520 miles on the Dream Edition Range. Scooter Doll. September 16, 2021. Electrek.
  56. News: Tested: 2022 Lucid Air Grand Touring Dazzles with Clever Design and Inspired Engineering. Drew . Dorian. July 18, 2022. Car and Driver.
  57. News: 2022 Lucid Air Grand Touring First Test: An Impressive Rethink of the Luxury Sedan. Christian . Seabaugh . November 5, 2021. Motor Trend.
  58. Web site: Lucid is raising prices on its luxury Air EV . 2022-05-06 . TechCrunch . May 5, 2022 . en-US.
  59. News: The Lucid Air Is the 2022 Motor Trend Car of the Year. Frank . Markus. November 15, 2021. Motor Trend.
  60. Web site: Shakir . Umar . 2023-04-20 . Lucid is now delivering its blacked-out "stealth" Air sedans to customers . 2023-04-21 . The Verge . en-US.
  61. Web site: World Car of the Year Awards name best cars in six categories . 12 September 2023 . New Atlas. April 6, 2023 .
  62. Web site: Lucid Air scoops 2023 World Luxury Car of the Year prize . 12 September 2023 . Euronews. April 13, 2023 .
  63. Web site: 2022-03-30 . Everything we know on the Lucid Gravity SUV as of Mar 2022 . 2022-04-06 . topelectricsuv.com . en-US.
  64. Web site: 2023-11-16 . 2025 Lucid Gravity Is a Compelling Family EV with 440-Mile Range . 2023-11-17 . Car and Driver . en-US.
  65. Web site: Cannon . Robin . 2024-03-12 . Lucid Faces Trademark Challenge Over "Gravity" Name for SUV . 2024-06-30 . EVMagz . en-US.
  66. Web site: Group . Lucid . Lucid Group, Inc and Gravity, Inc. Reach Agreement Regarding Trademark Dispute . 2024-07-01 . www.prnewswire.com . en.
  67. Web site: Lucid Air to be the Fastest Charging EV, Featuring a 900V+ Architecture Delivering a Charging Rate of Up to 20 Miles Per Minute. 2020-12-25. lucidmotors.com. en.
  68. Web site: Start-up Lucid Motors launches with 300-mile plus premium electric sedan . Wayne . Cunningham . 21 October 2016. CBS Interactive. Roadshow . 8 November 2016.
  69. Web site: Would-Be Tesla Rival Lucid Motors Inks Battery Supply Pact With Samsung SDI. 6 December 2016. Forbes. 7 December 2016.
  70. News: Lucid Partners With LG Chem on Battery Cells. Kelly Lin. Motortrend. 18 October 2019.
  71. Web site: Formula E's new race season starts this weekend, with much-improved Gen 2 car. Dow. Jameson. 2018-12-12. Electrek. en-US. 2019-02-03.
  72. News: US manufacturer planning new Formula E entry. Sam Smith. June 29, 2021. The Race.
  73. Web site: Three-way partnership for Formula E battery supply. ApexRacingPR. 2016-10-23. 2016-12-18. https://web.archive.org/web/20170602204628/https://apexracingpr.com/2016/10/23/three-way-partnership-for-formula-e-battery-supply/. 2017-06-02. dead.
  74. News: Lucid (Formerly Known as Atieva) Will Be the Sole Battery-Pack Supplier for Formula E. 2016-12-18. November 9, 2016. https://web.archive.org/web/20161109024806/http://blog.caranddriver.com/lucid-formerly-known-as-atieva-will-be-the-sole-battery-pack-supplier-for-formula-e/. dead.
  75. Web site: Invitation to Tender for Sole Supply Contract. dead. https://web.archive.org/web/20160327070044/http://legal.fia.com/web/appeloffre.nsf/E93EA1FEBD58EBA2C1257F7300593D40/$FILE/2016%2003%2011%20ITT%20FE%20battery%20system%20(3).pdf. 2016-03-27. legal.fia.com.
  76. Web site: Lucid Will Be the Sole Battery-Pack Supplier for Formula E Racing. Car and Driver. 8 November 2016. November 9, 2016. https://web.archive.org/web/20161109024806/http://blog.caranddriver.com/lucid-formerly-known-as-atieva-will-be-the-sole-battery-pack-supplier-for-formula-e/. dead.
  77. News: Lucid Motors to Use Electrify America Charging Network for Its Air Electric Car. Stephen Edelstein. The Drive. 18 October 2019.
  78. News: Tesla Model S vs. Porsche Taycan: Survey Reveals Clear Winner Among EV Buyers. Arthur Villasanta. International Business Times. 18 October 2019.
  79. Web site: Lucid Air gets over 300-kW fast charging, V2G home charging. 2020-08-19. Autoblog. en.
  80. News: Atienza . Isaac . Lucid's New Home EV Charger Is Nearly Twice As Fast As Tesla's . TopSpeed . Valnet, Inc.
  81. News: Ramey . Jay . Here’s When Lucid Models Will Get Tesla Ports . Autoweek . Hearst Autos.
  82. Web site: 2020-12-02. Lucid's First Greenfield EV Factory Wraps Construction. 2020-12-25. HotCars. en-US.
  83. Web site: Lambert. Fred. 2020-12-01. Lucid completes factory construction, aims to ramp up to 400,000 electric cars per year. 2020-12-25. Electrek. en-US.
  84. Web site: Hawkins . Andrew J. . Lucid Motors finishes the first phase of its $700 million EV factory in Arizona . The Verge . Vox Media . The Verge "Lucid Motors finishes the first phase of its $700 million EV factory in Arizona" . en . 1 December 2020.
  85. Web site: 2022-02-28 . Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies . 2022-03-02 . Lucid Motors . en-ca.
  86. Web site: 2022-04-27 . Saudi Arabia agrees to buy up to 100,000 Electric Vehicles from Lucid . 2022-04-27 . Arab News . en.
  87. News: Kalin . Stephen . 2022-04-27 . Saudi Arabia Orders Up to 100,000 Electric Vehicles in Boost to Startup Lucid . en-US . Wall Street Journal . 2022-04-27 . 0099-9660.
  88. Web site: Lucid Group, Inc. (LCID) Stock Major Holders - Yahoo Finance . 2024-03-07 . finance.yahoo.com . en-US.

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