Lucid Motors Overview Updated November 9, 2021

Lucid Motors: The past, present, and future of the EV automaker

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104 'Lucid Motors' stories

October 2016 - August 2022

Lucid Motors History

Formerly known as Atieva, Lucid Motors was founded in 2007 and is based in Newark, California, near Silicon Valley. As Atieva, Lucid was originally focused on developing batteries and electric powertrains for other vehicle manufacturers. Eventually, it had accumulated over 50 patents pertaining to its core battery system in the US alone.

Atieva

By 2013, the company was a highly capable producer of connected battery packs and electric powertrains and began flirting with the idea of developing a car of its own. That is when Peter Rawlinson joined the team as Chief Technology Officer. Previously, Rawlinson has been the VP of Vehicle Engineering and Chief Engineer of the Model S at Tesla.

In 2014, Lucid garnered a nine-digit round of funding to develop its own complete vehicle. This included investments from companies like Venrock, Mitsui, and JAFCO — all of which remain investors today. According to Lucid’s website, the Atieva team then built a custom, 900 HP powertrain test vehicle. It remained ordinary looking from its exterior to stay unrecognized but could reach 60 mph in ~3 seconds with “a driving range that well exceeds today’s range limitations.”

Becoming Lucid Motors

In October of 2016, the company officially announced its intent to rebrand itself as Lucid Motors. Furthermore, the nascent automaker announced plans to produce an all-electric luxury vehicle.

A month later, Lucid officials, along with state officials from Arizona, announced plans for the automaker to break ground in Casa Grande on a $700 million purpose-built facility sitting on a 590-acre footprint. The first in North America.

Lucid AMP-1 Factory

Lucid calls this flagship factory AMP-1, an acronym for Advanced Manufacturing Plant. It is here that the company has developed and will produce its flagship EV, the Lucid Air sedan.

According to the automaker’s website, the factory design was implemented with a “future-ready” strategy in mind. According to Lucid’s VP of manufacturing, Peter Hochholdinger:

As we add new platforms and vehicles to our lineup, the planning that went into this facility ensures that we will always be able to keep up with growing customer demand for advanced electric vehicles.

That leeway to expand is apparent in footage of Lucid Motors’ new factory and hearing what substantial plans it has for the future. Phase 1, which was completed in November of 2020, has begun production on the Air sedan. It can currently build 34,000 vehicles per year.

Lucid Motors Factory Phase 1
Phase one of Lucid Motor’s AMP-1 facility

In addition to AMP-1, Lucid also has a powertrain factory about six miles up the road. This location manufactures modules, battery packs, inverters, drive units, and wunderboxes (Lucid’s unique charging units). After manufacturing, these components come to AMP-1 for final assembly.

Lucid is already preparing for phase 2 of the AMP-1 facility. This expansion will provide further space for the automaker to build its upcoming Gravity SUV. Furthermore, vehicle production is expected to increase from 34,000 to 90,000.

This increase could also assist Lucid in its goal of delivering Air sedans to Europe in the first half of 2022. Phase 2, aka “Project Gravity,” is slated to break ground at the end of 2021, and complete in summer 2023.

Lucid Motors plans to have four total phases for its Casa Grande facility totaling an estimated 5.1 million square feet and an eventual output of 400,000 vehicles per year.

We got the chance to tour AMP-1 alongside the exclusive powertrain facility and cover the experience.

Public Investment Fund of Saudi Arabia

In September of 2018, Lucid Motors revealed it was in talks with the Public Investment Fund of Saudi Arabia (PIF) regarding a funding investment of over $1 billion.

Lucid said it planned to use the huge round of funding to complete the final engineering and testing of the Lucid Air model, fund the first-phase construction of the aforementioned AMP-1 facility, begin commercial production of the Lucid Air, and implement a worldwide retail strategy. This deal was completed in April of 2019.

Soon, news began to surface that the Saudi investment was apparently contingent on Lucid establishing a manufacturing presence in the country. Bloomberg reports:

“Lucid raised more than $1 billion from the PIF in 2018, an investment that was conditional on the firm developing a site in Saudi Arabia, the people said. King Abdullah Economic City is about 60 miles (97 kilometers) north of Jeddah, the country’s second-biggest city.”

The report states that the electric vehicle company is now discussing building a factory near the city of Jeddah:

“Lucid Motors Inc. is in talks with Saudi Arabia’s sovereign wealth fund to build an electric vehicle factory potentially near the Red Sea city of Jeddah, according to people familiar with the matter.”

The report states that the plan could still change and that Lucid is looking at other locations.

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Lucid Motors’ SPAC Merger

In 2019, Lucid Motors named Peter Rawlinson CEO of the company, while he also maintained his previous role of CTO. Toward the end of 2020 and the beginning of 2021, rumors began to swirl about Lucid Motors working behind closed doors on a SPAC merger with Churchill Capital Group IV ($CCIV).

In late February, Lucid finally confirmed the rumors and announced the deal, which will be bringing $4.4 billion in cash to Lucid at a $24 billion valuation. Here are the highlights of the deal:

  • Transaction provides additional growth capital as Lucid brings the over 500-mile range Lucid Air luxury electric sedan to market and expands rapidly to offer a broad range of electric vehicle products powered by Lucid’s proprietary electric powertrain technology.
  • CCIV and Lucid are combining at a transaction equity value of $11.75 billion.
  • The transaction includes an approximately $2.1 billion cash contribution by CCIV and a $2.5 billion fully committed PIPE with an investor lock-up provision that binds holders well beyond closing. The PIPE is priced at $15 per share (a 50% premium to CCIV’s net asset value) with an implied pro forma equity value of $24 billion.
  • PIPE investment anchored by the Public Investment Fund (PIF) as well as funds and accounts managed by BlackRock, Fidelity Management & Research LLC, Franklin Templeton, Neuberger Berman, Wellington Management, and Winslow Capital Management.
  • This transaction includes the largest-ever SPAC-related common stock PIPE.
  • Lucid currently employs nearly 2,000 people, with 3,000 employees expected to be added in the US domestically by the end of 2022.

Current and future Lucid Motors EVs

While Lucid Motors has made huge strides in the past several years, it still has yet to deliver its flagship EV, the Lucid Air sedan. While the debut version of the Air called the Dream Edition was originally scheduled to begin deliveries in spring of 2021, Lucid Motors delayed its availability to a more broad timeline of “the second half of 2021.”

This move came with some controversy as the delay was announced shortly after the SPAC merger with CCIV, especially since CEO Peter Rawlinson had relayed that production was on track just weeks earlier. Rawlinson relayed that the delay was at the advice of CCIV, who told the automaker to take its time in delivering the first round of Air sedans to ensure they were top quality.

In an event in October, Lucid rolled its first Air Dream Editions off the assembly line. Electrek was there and got to test drive a Performance version of the Dream Edition Air as well. Lucid continues to deliver the 520 Dream Editions planned before it moves onto delivering the Air Grand Touring next.

This should get you up to speed:

The automaker has also teased a second production model — an electric SUV called the Gravity.

over the air updates
The Lucid Air Dream Edition

Lucid Air

The Air was first unveiled in 2016 as a prototype, with production to begin once the Casa Grande facility had been completed. In 2018, the Lucid prototype began to make headlines by smoking the lap times of production vehicles like Jaguar’s I-Pace at the Laguna Seca course.

Next, the Air prototype beat a Tesla Model S head to head in a quarter-mile race, clocking in at 9.9 seconds. Not to be outdone, Lucid’s tri-motor Air then beat the Tesla Model S Plaid prototypes track record at Laguna Seca. While Tesla eventually regained the crown of the fastest production vehicle, the performance from Lucid turned some heads and helped the automaker gain fanfare.

In July of 2021, Lucid’s merger with CCIV became official, and the company celebrated the event with a PR campaign around New York.

Days before, black shipping containers began to pop up in areas such as Hudson Yards, Madison Park, and the Financial District. Soon the boxes were opened to reveal Lucid Air sedans encased in glass, for spectators to gain a closer look before the EV begins deliveries.

In September of 2021, Lucid Motors revealed the official EPA ratings of two of its four trims, and they were quite impressive. While the original estimates on the Dream Edition were over 500 miles, Lucid revealed that the Range version of the upcoming EV is actually 520 miles on a single charge.

The Performance version Dream Edition sacrifices range, but delivers 1,111 horsepower instead. That’s over 100 HP more than originally promised. In addition to the Dream Edition, Lucid revealed that its second available trim, the Air Grand Touring would arrive with an EPA range of 516 miles with 19″ wheels.

As the Air sedan continues mass production at its new AMP-1 facility, there are four variations planned to deliver over the course of the next year. Here is a breakdown of some of their specs, sorted by anticipated delivery.

Lucid Air Model EPA Range Horsepower Price* Availability
Dream Edition Range (19″ wheels) 520 mi. 933 $169,000 Available
Dream Edition Range (21″ wheels) 481 mi. 933 $169,000 Available
Dream Edition Performance (19″ wheels) 471 mi. 1,111 $169,000 Available
Dream Edition Performance (21″ wheels) 451 mi. 1,111 $169,000 Available
Grand Touring (19″ wheels) 516 mi. 800 $139,000 2nd half 2021
Grand Touring (21″ wheels) 469 mi. 800 $139,000 2nd half 2021
Touring 406 mi. (TBC) 620 $95,000 2nd half 2021
Pure 406 mi. (TBC) 480 $77,400 Early 2022
* Prices do no include any taxes, fees, or federal tax rebates
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Lucid’s upcoming “Project Gravity” SUV

Lucid Gravity

At the end of a reveal video of the Lucid Air sedan, CEO Peter Rawlinson stepped off camera to reveal an SUV in the background. This was one of the public’s first glimpses of its second planned production vehicle, an SUV called “Project Gravity.”

Since then, few further details have been shared since the Gravity is not a production EV yet. However, discovered patent images closely mimic the concept Lucid has previously teased.

Several patent images filed with the European Union Intellectual Property Office (EUIPO) show what a production Gravity may soon look like.

Lucid Motors
Side view of the Lucid Gravity concept vs. patent

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Lucid Motors Stories August 8

Following a less than stellar Q2 financial report last week, Lucid Motors is diverting the public’s eyes to a shiny new exterior design add-on for the Air sedan called “Stealth Look.” This darker, sportier design replaces thirty-five exterior components on the Air and will come as a choosable option to compliment any of the five color options currently available.

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Lucid Motors Stories August 4

Electric automaker Lucid Group’s stock (LCID) is crashing this morning after the company slashed its 2022 production guidance and confirmed that it burned through another $800 million during the last quarter.

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Lucid Motors Stories August 3

For over a year now, I have been planning a trip up the coast with my parents to San Francisco. What a perfect opportunity to test out the new Lucid Air Grand Touring Performance! Lucid Motors lent me its latest EV, and we were off in search of coastal views, some Chicago Cubs wins, and a genuine test of how the Grand Touring Performance would handle a 450-mile road trip north. Here’s how it went.

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Lucid Motors Stories June 29

In 2022, electric vehicle sales continue to boom. Nearly all legacy automakers have set end dates for manufacturing new combustion vehicles and have begun introducing all-electric options into their fleets more and more. This year alone, the world will see over twenty new electric vehicle models ranging from most expensive, to rather affordable. Below is a list of which EVs are or will soon be available, and how expensive they are.

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Lucid Motors Stories June 27

During this year’s Goodwood Festival of Speed, Lucid Motors not only publicly debuted its Air Grand Touring Performance for the first time, but raced up the famed hill … quickly. Manned by professional driver Ben Collins, the Lucid Air Grand Touring recorded a time in the Goodwood Hillclimb Timed Shootout fast enough to claim the crown as fastest production car.

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Lucid Motors Stories June 14

Elon Musk says that electric vehicle startups Lucid and Rivian are tracking toward bankruptcy unless something changes.

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Lucid Motors Stories June 7

Today Lucid Motors announced a new digital financing platform called Lucid Financial Services to provide lease and loan purchase options to Air EV customers in the United States. The financing options are provided through a strategic relationship between Lucid Group and Bank of America.

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Lucid Motors Stories May 25

News emerged today that Lucid Motors has issued its second recall on its flagship Air sedan. According to the American EV automaker, the issue concerns a wired data connection to the instrument panel that may not have been secured properly during a given vehicle’s assembly.

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Lucid Motors Stories May 5

American EV automaker Lucid Motors shared its Q1 numbers for 2022, today reporting nearly $58 million in revenue despite a slow uptick of deliveries. Additionally, Lucid announced substantial price increases to multiple trims of its Air sedan for any new reservations beginning June 1.

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Lucid Motors Stories April 26

Lucid Group has announced a new agreement with long-time supporter Saudi Arabia and its Ministry of Finance. Under the terms of the agreement, the Government of Saudi Arabia has committed to purchasing 50,000 EVs from Lucid Motors over the next ten years, with the option to purchase an additional 50k over that same timeframe.

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Lucid Motors Stories April 12

Following the start of deliveries of its Air Grand Touring trim, Lucid Motors announced a new Performance version that will arrive this summer. The Lucid Air Grand Touring Performance will deliver over 200 more horsepower than the standard Grand Touring and travel 0 to 60 mph 0.4 seconds faster, although it does come at the cost of some range – oh, and quite a bit more money.

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Lucid Motors Stories April 5

We have seen many automakers benchmark and reverse-engineer Tesla vehicles, but rarely the other way around. Tesla was spotted testing a Lucid Air – which has over 500 miles of range – on its test track at Fremont factory.

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Lucid Motors Stories March 22

Some of the sensors represented on the Air sedan / Source: Lucid Motors
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NVIDIA announced two new automotive clients for their DRIVE self-driving platform, EV startup Lucid Motors and Chinese EV giant BYD. BYD will use the system in their next-generation vehicles, and Lucid revealed that they are already powering their DreamDrive ADAS system with NVIDIA’s DRIVE Hyperion platform.

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Lucid Motors Stories March 10

American EV automaker, Lucid Motors, is offering the public a glimpse behind its premium leather curtain with a new YouTube series explaining its innovative, and in some cases, industry-leading technologies. The 10-episode series, titled Tech Talks launched today with Lucid Motors’ CEO and CTO, Peter Rawlinson discussing battery packs. Additional episodes are expected to follow regularly.

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Lucid Motors Stories February 28

Lucid Motors shared 4Q and 2021 financial earnings with investors today, alongside a 2022 outlook. While the automaker only delivered 125 of its flagship Air sedan in 2021, it has already surpassed that number in 2022. However, overall output is expected to be quite a bit lower than originally anticipated. Lucid now expects to produce 12,000–14,000 EVs this year, down quite a bit from previous estimates of 20,000.

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Lucid Motors Stories February 22

Lucid Group announced a recall of 203 of its flagship Air luxury sedans today, citing a potential issue surrounding the installation of the front strut damper in the suspension. This appears to be a precautionary recall as no failures of the part have been reported yet, according to Lucid Motors.

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Lucid Motors Stories January 28

I recently had an exclusive opportunity to visit Lucid Motors’ powertrain manufacturing and AMP-1 facilities and test drive a Lucid Air Dream Edition (Performance). Inside and out of my detailed tours full of manic note scribbling, I had tons of time to mingle with members of the Lucid team, from manufacturing employees at AMP-1, to Lucid’s CEO himself. What I discovered was a company-wide focus on teamwork, efficiency, and the utmost quality – an ethos that is apparent when you view the Lucid Air sedan up close.

Update January 28th: Lucid Motors clearly feels strongly about the culture it has created and the talented individuals it employs, as the automaker has shared a new, five-part series showcasing five different employees. The new series, titled “Driving Ambition,” is now available to view on Lucid’s website and YouTube. You can also check out episode one below.

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Lucid Motors Stories December 6, 2021

Regulators from the US Securities Exchange Commission (SEC) have requested documents from Lucid Group Inc. relating to the investigation of its SPAC merger with Churchill Capital Corp. IV (CCIV) earlier this year.

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Lucid Motors Stories October 27, 2021

Lucid announced today that it will start deliveries of its Air electric sedan on October 30.

This is a very important milestone for the company.

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Lucid Motors Stories October 15, 2021

As electric vehicles look to gain an even larger portion of the automobile market in 2021, consumers will look at a number of factors as they choose to go electric. One major specification on any EV data sheet is the estimated range i.e. the amount of miles your new vehicle can travel on a single charge. Naturally, you’re going to want the most battery for your buck. Below is a list of the current EV options for 2021 sorted by longest range.

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Lucid Motors Stories October 12, 2021

Following the start of production of its Air sedan, Lucid Motors has now shared new details of DreamDrive, its Advanced Driver-Assistance System (ADAS) with over 30 features. Additionally, the American automaker shared details of a DreamDrive Pro option, which includes LiDAR, and even hinted at a future Highway Pilot upgrade that may deliver conditional hands-free driving capability.

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Lucid Motors Stories October 1, 2021

As part of my journey through Arizona for Lucid Motor’s “Production Preview Week,” I was able to catch a glimpse behind the scenes of the automaker’s facilities where the Air sedan is being produced. Even better, Lucid gave me the opportunity to be one of the first non-employees to test-drive the Air Dream Edition – I went for the 1,111 horsepower on the Performance version. Here’s how it went.

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Lucid Motors Stories September 28, 2021

During its “Production Preview Week” in Arizona, EV automaker Lucid Motors opened the doors of its AMP-1 production facility to the media, investors, and Air Dream Edition reservation holders to showcase the first customer-quality Air EVs rolling off the assembly line. Lucid shared that it will deliver in late October.

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Lucid Motors Stories September 16, 2021

US EV automaker Lucid Motors has just shared some of the official EPA ranges for its flagship Air sedan, and they are quite impressive. In an official press release, Lucid revealed the EPA estimated range for two versions of the upcoming Dream Edition Air, as well as the Grand Touring. Both of these trims provide a range of at least 450 miles.

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Lucid Motors Stories August 25, 2021

Lucid Motors announced that it will be offering two versions of the Dream Edition of its upcoming Air electric sedan: now with over 1,000 hp of power and one with over 500 miles of range.

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Lucid Motors Stories July 26, 2021

Lucid Motors has opened the mystery boxes that began popping up around NYC last week to reveal its upcoming Air sedan. The move is a kickoff to an ad campaign celebrating the recently approved SPAC merger with Churchill Capital Corp. IV (CCIV) to build hype around the flagship EV from Lucid set to deliver sometime this year.

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Lucid Motors Stories July 23, 2021

After days of both sides rallying stockholders to exercise their vote, the SPAC merger between Lucid Motors and Churchill Capital Corp IV (CCIV) has been approved. The closing of this long-anticipated merger is expected to close later today, and Lucid Motors is expected to trade on Nasdaq next week under the ticker symbol “LCID.”

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Lucid Motors Stories July 16, 2021

Italian tire manufacturer Pirelli has announced a new high load (HL) index tire that will make its debut on the upcoming Lucid Air sedan. This HL tire was designed specifically for electric cars and SUVs to support heavier weight from batteries while maintaining a low rolling resistance.

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Lucid Motors Stories July 14, 2021

Lucid Motors has just shared details of its new vehicle service program called Lucid Care, along with anticipated details surrounding the warranty for new vehicles like the Air sedan. The luxury EV automaker plans to handle most maintenance through a fleet of mobile repair vans that come to you, wherever you are.

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Lucid Motors Stories June 23, 2021

Lucid Motors confirmed that it now has over 10,000 reservations for the Air, its first car and a luxury electric sedan.

It might not sound as impressive as numbers of reservations in some other programs, but it’s actually not bad.

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Lucid Motors Stories May 26, 2021

In anticipation of the imminent, yet cloudy delivery date of the Air sedan, Lucid Motors has shared video footage and new details of its User Experience, or UX. This in-depth look at Lucid UX offers a first look at several unique technologies implemented within a sleek design to match the rest of the Air… whenever it becomes available.

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Lucid Motors Stories March 31, 2021

Lucid Motors has yet to offer a more specific timeline of when customers might see first deliveries of its flagship Air sedan. Despite some frustration, or perhaps impatience is a better word, the anticipation around the Lucid Air continues to swell. To stay on the top of people’s minds (and your home page), Lucid has released another behind-the-scenes look at its AMP-1 facility in Casa Grande, Arizona.

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Lucid Motors Stories March 29, 2021

In a lawsuit filed in Cook County Court, Illinois, Rivian and Lucid Motors are being sued for their direct-to-consumer business model. The suit also lists Illinois secretary of state Jesse White as a defendant. It claims his office “has abandoned its enforcement role.”

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Lucid Motors Stories March 22, 2021

Lucid Motors announced today that it has sold out the first version of its upcoming Air electric sedan: the Dream Edition.

Though, it’s not clear how many vehicles they are talking about…

Update: Lucid has since confirmed it only plans to produce “about 500 Air Dream Editions”.

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Lucid Motors Stories March 18, 2021

Lucid’s astute forum members have uncovered news the automaker may or may not want the public to see yet. Patent images of Lucid Motors’ upcoming Gravity SUV were uncovered in a filing with the EUIPO.

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Lucid Motors Stories March 17, 2021

The collaboration with Dolby will integrate Atmos in the Lucid Air’s new 21-speaker Surreal Sound system. As the first vehicle to ever feature Dolby Atmos sound, Air drivers will experience an immersive listening experience. Furthermore, the speaker system will provide enhanced audio safety features.

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Lucid Motors Stories March 11, 2021

Lucid Motors just released a video of CEO Peter Rawlinson taking the upcoming Air sedan for a test drive. It was the first time the Air appeared in public without camouflage. The test drive Air is a release candidate EV built at Lucid’s AMP-1 facility in Arizona. Rawlinson test drives the Lucid Air around the San Fransisco area to validate its dynamics before it begins full production.

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Lucid Motors Stories February 25, 2021

Following its massive merger with SPAC Churchill Capital Corp IV ($CCIV), Lucid Motors’ CEO revealed that deliveries of its first EV have been delayed. The Lucid Motors Air, Dream Edition was originally scheduled to begin deliveries this spring. It now appears it will debut sometime in the second half of 2021.

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Lucid Motors Stories February 23, 2021

Electric vehicle startup Lucid Motors announced a SPAC deal to go public with over $4 billion in cash injection to accelerate its plan.

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Lucid Motors Stories February 16, 2021

Lucid Motors is making strides toward delivering its foremost electric sedan this spring. Its production lines are beginning to come to life. This is all taking place in Casa Grande, Arizona, a 590-acre footprint and home to Lucid Motors’ new production factory.

The Lucid AMP-1 (Advanced Manufacturing Plant) will house the production and assembly of the California-based automaker’s upcoming Air luxury sedan.

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Lucid Motors Stories February 9, 2021

American automakers Rivian and Lucid Motors have both recently revealed locations in expanding their retail presence in the United States. Both electric vehicle manufacturers have large aspirations to compete with Tesla, although either has yet to deliver a consumer EV so far.

The announcements of retail and service spaces opening for for Rivian and Lucid, show how both automakers are looking to grow customer bases quickly. Furthermore, each company’s proposed list of future locations show how each is taking a similar distribution approach to emulate the current industry leader, Tesla.

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In a recent reply to a follower’s question on Twitter, Lucid Motors just revealed that it plans to begin deliveries of its first vehicles to European countries at the end of this year. That timeline has since changed. Nevertheless, the American automaker’s Air sedan is scheduled to begin deliveries stateside this spring.

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Lucid Motors Stories January 27, 2021

Lucid Motors is preparing to start production soon of the Air, its first electric car, and it is showing the progress at its factory in Arizona.

Today, the automaker is unveiling its paint shop.

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Lucid Motors Stories January 14, 2021

Lucid Motors (CCIV) and Proterra (ACTC) are the latest electric vehicle companies looking to go public as there’s currently a gold rush in the space.

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Lucid Motors Stories January 10, 2021

If you’re reading this article, you know Tesla. You may even be reading this from inside your Model 3 as it’s docked at a Supercharger. As we desperately scramble away from the ceaseless test of will that was 2020, we look toward to the new year with newfound hope and optimism. 2021 is a big year for everyone and everything, including electric vehicles. To help keep you in the know for the future, here are several of the best Tesla alternatives and where they currently lie on their journey up the EV ladder.

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Lucid Motors Stories January 7, 2021

Lucid is reportedly in talks to build an electric car factory in Saudi Arabia, after the country’s investment fund invested in the EV startup.

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Lucid Motors Stories December 1, 2020

Lucid Motors announced that it completed the first phase of construction at its EV factory in Arizona.

Eventually, they plan to produce up to 400,000 electric cars per year at the facility after future expansions.

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Lucid Motors Stories October 14, 2020

Lucid Motors has confirmed the base version of its Air electric sedan at $69,900 with 406 miles of range — beating the Tesla Model S by just four miles.

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