Just send a message to simon to give us a heads up. The EV maker has noted that it had already raised the $4.4 billion it needs for 2022, though Rawlinson also mentioned that Lucid would not be waiting until the end of the year to raise more cash.ĭon’t hesitate to contact us with news tips. CEO Peter Rawlinson has been pretty open about the fact that the company would need to raise money as it ramps its operations. With this in mind, it does appear that Lucid would likely remain fighting an uphill battle, at least for the near future.įortunately, Lucid is quite a realist. Other EV makers that have successfully scaled their operations, such as Tesla, have done the same thing. Ramping a car company is no joke, so it would not be surprising at all if Lucid ends up raising funds several more times in the future. According to a Reuters report, the size, price, and terms of the transactions would be determined at the time of sale. In this video, you will see the CEO/CTO Peter Rawlinson and VP of Powertrain. The Lucid Air drive unit only weighs 67 pounds but is capable of 670 horsepower, which is 10 horsepower per pound, as Peter Rawlingson explained in the video. Lucid filled for a mixed shelf offering, which allows the luxury EV maker to sell various types of securities in one or more separate offerings. Lucid Motors has published an hour-plus-long video talking about the ins and outs of its drive unit and motor. Following its Q2 2022 results, Lucid cut its annual production guidance once more to just 6,000 to 7,000 units for the year.Ĭonsidering that the company is on an uphill climb to get over its production challenges and start delivering the Air sedan en masse, Lucid’s decision to raise funds again makes quite a bit of sense. 2022 Lucid Air Dream Edition Performance Vehicle Type: front- and rear-motor, all-wheel-drive, 5-passenger, 4-door sedan PRICE Base/As Tested: 170,500/170,500 Options: none POWERTRAIN Motors. The company had planned to produce 20,000 vehicles in 2022, but amid supply chain challenges, this estimate was reduced to a more feasible 12,000 to 14,000 vehicles.
LUCID MOTOR FULL
We have ensured that the Lucid DreamDrive hardware and software platform not only offers a full suite of Level 2 features but is also Level 3 ready.Lucid’s production outlook has become progressively more conservative. Our relentless focus on innovation, luxury, and sustainability drives us into a reality where you no longer have to choose between doing great things, doing the. You can think of it as Lucid Motors’ version of Autopilot by Tesla.Įugene Lee, senior director of driver-assist systems and autonomous driving at Lucid, said, “By prioritizing safety and updatability, DreamDrive also sets the stage for offering increasingly sophisticated driver-assistance features. The electronic driver-assist system is branded as DreamDrive. Yes, Lucid Air vehicles have a self-driving feature. In fact, it’s the first rural, dedicated electric vehicle factory located in North America. Lucid selected Casa Grande, Arizona, for its nearly 1-million-square-foot facility in 2016. Lucid Motors was founded in Newark, California, near Silicon Valley. There are also heated and ventilated front seats with a massage feature, so all your commutes are relaxing. The Glass Canopy spans from the windshield to the roof. Mission: Lucids mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles. The Lucid Air is also loaded with the latest tech brought to you by DreamDrive Pro.Īll the important information you’ll need to know is right in front of you on the 34-inch floating Glass Cockpit.
That means the Lucid Air can travel from 0 to 60 in only 2.5 seconds. You can power up to 300 miles in about 20 minutes.Īs far as the engine goes, you can choose single or dual-motors and a max horsepower of 1,111. If you’re running low, you won’t have to wait too long for a full charge. The Lucid Air has an official EPA range of up to 520 miles.
Lucid will also be releasing less expensive versions and developing an SUV, the Gravity.
LUCID MOTOR DRIVERS
There are four trims for drivers to choose from: According to Car and Driver, there is currently only one model in the Lucid Motors lineup, which is the Lucid Air.
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