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Lucid Group Focuses on Production and Marketing Strategies
Lucid Group's interim CEO outlines priorities to enhance vehicle production and marketing efforts in light of leadership changes and recent stock downgrade.
Lucid Group Announces CEO Change and Production Plans
Lucid Group CEO Peter Rawlinson steps down as the company targets over 20,000 vehicle production in 2025, amid reported financial losses.
Lucid Gravity SUV Features 725km Range and Fast Charging
Lucid Group's Gravity SUV will offer 725km range and access to Tesla's Supercharger network, utilising advanced charging technology for enhanced efficiency.
Panasonic Energy Batteries to Power Lucid Gravity SUV
Panasonic Energy's 2170 battery cells will equip the Lucid Gravity SUV, enhancing performance and safety while supporting future production in Kansas.
Lucid Gravity to Feature Panasonic Energy EV Batteries
Lucid Group's Gravity SUV will utilise Panasonic Energy's advanced lithium-ion batteries, offering significant range and performance improvements for electric vehicles.
Auto Industry Reduces Capital Spending Amid Economic Concerns
Major automakers are implementing cost-cutting measures, including layoffs and production cuts, in response to declining profits and shifting market dynamics.
Lucid Group Reports Third-Quarter Financial Performance
Lucid Group's third-quarter results show slight revenue increase, but widening losses and rising costs raise concerns ahead of new SUV production plans.
2025 Lucid Gravity Pricing Announced for SUV Model
Lucid reveals pricing for the 2025 Gravity SUV, starting at $79,900, with the Grand Touring model available from $94,900 amid financial pressures.
Lucid Gravity SUV Pricing and Production Timeline Announced
Lucid Motors has announced the production start and pricing for the Gravity SUV, targeting a range of over 440 miles and a starting price of $79,900.
Lucid Group CEO Addresses Misinterpretation of Fundraising
Lucid Group's CEO clarifies investors' misunderstandings regarding a recent $1.75 billion capital raise, emphasising its necessity for ongoing operations and strategic growth.
Lucid Group Announces Public Offering, Shares Decline
Lucid Group's shares fell over 10% post-announcement of a public offering of 262.5 million shares, aimed at funding capital expenditures and general corporate purposes.
Lucid Motors Surpasses Delivery Estimates in Latest Quarter
Lucid Motors reported nearly 3,000 deliveries, exceeding expectations due to strategic discounts and lower financing options, despite a decline in production figures.
Lucid Motors Chooses Everspin MRAM for Gravity Electric SUV
Everspin's PERSYST MRAM has been selected by Lucid Motors for the Gravity SUV to optimise data management in its electric powertrain system.
taq Automotive Intelligence Partners with Lucid Motors
taq Automotive Intelligence announces a partnership with Lucid Motors to provide a digital retailing solution, enhancing the vehicle ordering and financing process for consumers.
Lucid CEO Dismisses Electric Pickup Truck Plans
Lucid's CEO Peter Rawlinson highlights challenges in producing an efficient, cost-effective electric pickup, focusing instead on enhancing existing vehicle efficiency and upcoming SUV models.
Lucid Gravity to Feature Tesla NACS Charge Port in 2025
Lucid announces that its Gravity SUV will adopt Tesla's NACS charge port starting in 2025, with deliveries beginning later this year using the existing CCS port.
Lucid Announces Midsize SUV Below $50,000 for 2026
Lucid plans to produce a midsize SUV priced under $50,000 by late 2026, focusing on efficiency and technology in a competitive electric vehicle segment.
Bulletproof Armoured Lucid Air Sapphire Priced at $475K
U.S. Armor Group offers an armoured version of the Lucid Air Sapphire, enhancing its protection features, with a starting price of $475,000.
Lucid Developing Three Affordable EV Models for Wider Market
Lucid is advancing a mid-size electric vehicle programme targeting a broader consumer base with three new models focused on efficiency and aerodynamics.
Lucid CEO Addresses Current Trends in Electric Vehicle Market
Lucid's CEO discusses challenges in the EV market, highlighting efficiency advancements and upcoming models amidst shifting competitor strategies.
Lucid Air Pure Achieves Industry-Leading Efficiency
Lucid's Air Pure sets a new efficiency standard, outperforming competitors significantly, with plans for a more affordable model expected in 2026.
Lucid Group Secures $1.5 Billion Funding from Saudi PIF
Lucid Group announces a $1.5 billion cash injection from Saudi PIF to support growth and production plans through 2025, enhancing its electric vehicle lineup.
Lucid Secures $1.5 Billion Funding from Saudi Investors
Lucid Group announces $1.5 billion funding from Ayar Third Investment Company, aiding capital expenditures and production expansion.
Lucid Air Pure Confirmed as Most Efficient EV in the U.S.
The 2025 Lucid Air Pure has an EPA-estimated range of 420 miles, making it the most efficient electric vehicle available in the U.S. market.
Ford appoints ex-Lucid Motors exec as next CFO, promotes current chief
Ford Motor appoints Sherry House, former Lucid Motors CFO, as next Chief Financial Officer. Current CFO John Lawler becomes vice chair to lead turnaround plan amid focus on electric vehicles and profitability challenges.
2024 Lucid Air Grand Touring upgrades with heat pump and faster charging capabilities
The 2024 Lucid Air Grand Touring, the premium model in the luxury sedan lineup, boasts enhanced features like a heat pump for cold weather efficiency and faster DC charging, maintaining a 516-mile range.
Lucid secures $1B stock deal with Ayar for EV expansion
Lucid Group, Inc. has secured a $1 billion investment from Ayar Third Investment Company to bolster its electric vehicle production and operational expansion, showcasing confidence in Lucid's growth trajectory.
Lucid Aims to Significantly Improve Efficiency of Electric Vehicles
Lucid, a luxury electric sedan manufacturer led by CEO Peter Rawlinson, aims to enhance vehicle efficiency to combat environmental impact. Focused on achieving industry-leading energy consumption, their innovative approach has positioned them as a frontrunner in the EV market.
Lucid's Strategy to Navigate the Challenges of 2024 and Beyond
Lucid Motors, a California EV manufacturer, faces scale challenges despite advanced technology. Lowering prices, introducing new models, and expanding market aim to improve sales and profitability.
Elon Musk Criticises Rivian and Lucid Financial Reports
Rivian and Lucid face financial challenges post-2023 earnings reports, drawing scrutiny from Tesla's Elon Musk. Concerns over cash flow, volume production, and long-term viability highlight industry competition.
2024 U.S. Electric Cars Listed By 0-60 MPH Acceleration: Quickest To Slowest
The U.S. electric car market offers over 300 configurations with varying acceleration times. Fastest models like the Lucid Air Sapphire and Tesla Model S Plaid demonstrate high performance, while affordable options like the Volvo EX30 offer quick acceleration at a lower price point.
Lucid Motors Adjusts Prices for the Air in the US and Expands in Europe
Lucid Motors adjusts prices for its Air electric vehicle models in the US and European markets, showcasing commitment to reducing carbon footprint and expanding EV adoption.
Lucid Air Pure receives a significant price cut of $7,500
Luxury sedan Lucid Air Pure reduces entrance cost to qualify for federal tax credit, facing challenges in demand and financial struggles despite optimistic outlook on future growth drivers.
2024 U.S. Electric Car EPA Range, Ranked Lowest To Highest
The electric car market in the U.S. is seeing a wide range of models with differing driving capabilities and prices, influencing potential buyers' decisions. Manufacturers need to enhance fast charging infrastructure, while consumers should consider real-world performance alongside EPA ratings when making purchasing decisions.
Lucid Motors Forges Ahead in the EV Market Amidst Industry Softening
Lucid Motors maintains commitment to the EV market despite slower demand growth for GM and Ford. CEO Peter Rawlinson remains optimistic about future opportunities and plans for market success.
Lucid to Introduce New Line of Police Vehicles Based on Luxury Electric Sedan
Lucid is launching a new line of police vehicles based on its luxury Air electric sedan at the World Defense Show in Saudi Arabia. The company aims to play a significant role in Saudi Arabia's shift from fossil fuels with its EVs and is also expanding its US manufacturing plant in preparation for future growth.
