Lucid Group Inc on Monday filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production. The company, which has a market capitalization of about $27 billion, halved its production forecast for electric vehicles earlier […]
Electric-Vehicle Success Is About More Than Just Batteries, Lucid’s CEO Says
Lucid Motors is a privately held electric-vehicle startup run by a former Tesla vice president. The company’s flagship product boasts some impressive specs, and Lucid management is quick to point out there is more to an EV than much-written-about batteries. The technology surrounding the battery matters just as much, and it might determine the ultimate […]
World’s fastest charging electric vehicle Lucid Air launched
Lucid Air gets a first-of-its-kind advanced driver-assistance system which features 32 sensors to cover vision, radar and ultrasonic, and the world’s first standard HD LIDAR in an EV. Remember the Lucid Air sedan we told you about last week? It’s here. Lucid Motors unveiled the car globally and also announced the launch of the newest […]
Electric-car startup Lucid to follow Tesla into energy storage
The Newark, California-based company is developing home batteries — similar to Tesla’s Powerwall — and utility-scale devices, Chief Executive Officer Peter Rawlinson said in an interview Lucid Motors Inc., the electric-vehicle startup that has yet to build a production car, is following Tesla Inc.’s footsteps into the energy-storage business. The Newark, California-based company is developing […]
Lucid Beyond 500 miles,Nikola electric garbage trucks,Tesla in Korea: Today’s Car News
Lucid blasts past the 500-mile range barrier. Nikola Motors announces the largest order of tailpipe-emissions-free garbage trucks, but hydrogen isn’t part of it. And South Korea is angling to exclude Tesla. This and more, here at Green Car Reports. Through independent testing, Lucid claims to have achieved a 517-mile range result on the EPA cycle—although […]