Lucid (LCID) could also be in line for a number of new EV partnerships. CEO Peter Rawlinson revealed that the corporate is actively speaking with “a pair” of automakers about supplying its tech.
Coming off its third straight quarter of file deliveries, Lucid desires to play a extra distinguished position within the EV business.
Lucid delivered greater than 7,100 autos via the primary 9 months of 2024, topping the 6,001 deliveries whole final 12 months. With its first electrical SUV, the Gravity, hitting the market, Lucid expects to hold the momentum into subsequent 12 months.
In the meantime, the corporate is seeking to share its superior EV tech with conventional automakers. In return, Lucid may benefit from a longtime provide chain and manufacturing community.
Lucid has already secured one companion. Final summer time, the corporate agreed to a technique tech partnership with Aston Martin. Lucid will provide its proprietary EV powertrain tech to assist the luxurious British automaker develop a brand new EV platform for upcoming electrical sports activities vehicles.
Are extra Lucid EV partnerships on the way in which?
As the primary of its sort, Lucid stated the Aston Martin deal would broaden its attain whereas “paving the way in which for extra mainstream purposes” sooner or later.
In line with Rawlinson, that could possibly be ahead of anticipated. In an interview with Bloomberg, Rawlinson stated Lucid is in lively talks with “a pair” of automakers over related EV partnerships.
Lucid’s CEO stated through the interview, “It could be pretty if we might provide know-how to a standard automotive firm to assist them on their strategy to sustainability.” He added, “Maybe we will leverage economies of scale with their elements bin and different facets of the enterprise.”
Rawlinson has hinted at further collaborations up to now, saying Lucid is seeing extra curiosity in its know-how.
In line with Rawlinson, the Gravity SUV is a “landmark product ” with a whopping EPA-estimated vary of as much as 450 miles. Nevertheless, that is only the start.
Lucid continues to advance its new EV know-how, which helps drive prices down whereas offering extra effectivity. Rawlinson has stated Lucid’s know-how is years forward of the competitors.
After the Gravity, Lucid plans to launch a sequence of mid-size EVs aimed “proper within the coronary heart of Tesla Mannequin 3, Mannequin Y territory,” in keeping with Rawlinson. The primary, an electrical SUV, is anticipated to enter manufacturing in late 2026 with a beginning worth of round $50,000. We bought our first take a look at the brand new mannequin after Lucid teased its mid-size SUV in September.
Electrek’s Take
Which legacy automaker will faucet into Lucid’s EV tech subsequent? After teasing Jaguar over its radical new ultra-luxury EV, a partnership might make sense.
Jaguar is overhauling the model with plans to launch a lineup of electrical ultra-luxury fashions priced upwards of $200,000.
Lucid’s know-how is among the many finest in the marketplace. The 2025 Air Pure is claimed to be “The World’s Most Environment friendly Automobile,” with a file 146 MPGe. Powered by an 84 kWh battery pack, it presents 420 miles of EPA-estimated vary for simply 5 miles per kWh of power.
Rivian (RIVN) partnered with Volkswagen in a deal price as much as $5.8 billion to create a brand new EV platform utilizing its superior software program. In line with Scaringe,, the $5 billion partnership is “a significant financialopportunity ” as Rivian preparesps to launch its smaller, extra inexpensive R2.
Which legacy automaker is subsequent in line for an EV partnership? Ford, GM, Hyundai, Toyota? Tell us what you suppose within the feedback under.
FTC: We use earnings incomes auto affiliate hyperlinks. Extra.
