Developing and building electric vehicles costs a lot of money, and Lucid Motors has been tapping its Saudi-based investors for billions in additional funding during the past few years. Now, the EV maker plans to go to new source: the public. At the same time, it’s getting a new top shareholder. Find out more about its IPO at Headlight.News.
After talking up its next vehicle in its lineup, Lucid Motors revealed a teaser of what will follow the Gravity. Officials say the new model, which will hit the streets in late 2026, aims to compete with the Tesla Model Y. Get details at Headlight.News.
Lucid CEO Peter Rawlinson says that the company has surpassed Tesla as tech leader in the EV segment as the company prepares to heat up its rivalry with Elon Musk with the upcoming release of the Gravity three-row EV SUV.
EV maker Lucid Motors offered up good news during its second quarter earnings call as it secured as much as $1.5 billion in new cash just in time to begin production of its second vehicle, the Gravity SUV. The company also managed to beat analysts’ estimates for the quarter. Find out more at Headlight.News.
Many EV makers want to see just how far they can get their vehicles to travel on a single charge or how fast it can recharge using a fast DC charger, but Lucid’s improved its industry-leading efficiency to a new high. Find out more at Headlight.News.
Nascent EV maker Lucid Motors reported its first quarter results, exceeding expectations in some areas while falling short in others. CEO Peter Rawlinson brushed aside concerns about shortcomings, noting the company was focused on growth, specifically the company’s second vehicle, the Gravity SUV. Get details at Headlight.News.
The 2024 Lucid Air Grand Touring remains one of the highest performance benchmarks in the EV segment. The company is aiming to keep it that way with a suite of updates that not only improve efficiency but other key aspects of the car as well.
Nascent EV maker Lucid Motors reported its first-quarter deliveries were up 40% compared with the year-ago period. The increase mirrored strong electric vehicle sales across the industry, except for top-selling Tesla. Find out more at Headlight.News.
Only a few years ago, an array of EV start-ups appeared poised to revolutionize the auto industry. Today, many have vanished while others struggle for survival. There have been a few success stories but the shake-out is likely to continue, reports Headlight.News.
The struggling Lucid Group revealed another series of setbacks once again announcing cuts to its full-year production plans. Revenues fell well short of expectations, as well, though it did beat earnings forecast. Headlight News has more.
Among only a handful of EV startups to make it into showrooms, Lucid has delivered an impressive first product with the Air sedan. Among the various trims, the Air Touring may be most impressive from the bang-for-the-buck factor, but we did find room for improvement. Check it out at Headlight.News.
Production initially limited, but long-term plans target substantial growth for the Saudi-backed EV maker. Get more details about the new facility at Headlight.News.