Lucid Motors Overview Updated September 25, 2018

Lucid Motors

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28 'Lucid Motors' stories

October 2016 - September 2018

Lucid Motors Stories September 25

Fresh off its new $1 billion round of funding from Saudi Arabia, Lucid Motors is announcing today a new partnership with Electrify America “to provide Lucid customers a nationwide charging plan.” expand full story

Lucid Motors Stories September 17

Over the last two years since unveiling its Lucid Air premium sedan and its plan for a massive EV factory in Arizona, Lucid Motors struggled to secure the funding to get things going.

Today, the startup finally announced that it secured an investment of “over $1 billion” from Saudi Arabia to finally build its electric vehicle factory. expand full story

Lucid Motors Stories September 6

Laguna Seca is becoming a popular track for manufacturers to run their vehicles around.  Just a few weeks after Jaguar announced that their I-Pace set a “production EV lap record” at the track, Lucid has announced today that their upcoming Air sedan positively smashed that time, setting a 1:41.67 time in comparison to Jaguar’s 1:48.18.

The caveat here is that the Lucid is not yet a production car, and though Lucid claims the car’s powertrain was configured with “showroom intent,” it featured modified high-temperature brakes and a stripped-down interior with rollcage, racing seats and fire suppression system.

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Lucid Motors Stories August 20

Tesla CEO Elon Musk is relying, at least partly, on the Saudi Arabian sovereign wealth fund to finance the automaker’s take-private move.

But the company might have to compete for that money since the fund has reportedly signed a deal to finance Lucid Motors, an EV startup aiming to compete with Tesla. expand full story

Lucid Motors Stories July 3

We haven’t heard anything from Lucid Motors for a while as their production plans for the Lucid Air are still dependent on them closing a significant series D financing round.

Despite the production plans still being murky, Lucid’s development program is still ongoing.

Recently, they even broke the latest production EV record at Laguna race track… though they broke it with a Tesla Model S P100D and not their own electric car. expand full story

Lucid Motors Stories November 27, 2017

Last time we heard about Lucid Motors, a US-based startup developing electric vehicles, they were having difficulties raising a round of financing to start building their factory in Arizona.

Today, the startup announced that it outgrew its headquarters in Menlo Park and it is expanding to new headquarters in Newark, California. expand full story

Lucid Motors Stories August 18, 2017

Lucid Motors brought a new prototype of its all-electric Air sedan at the Pebble Beach Concours d’Elegance during the Monterey Car Week. expand full story

Lucid Motors Stories July 18, 2017

Lucid Motors keeps impressing us with its all-electric sedan under development, the Lucid Air, which recently reached a 235 mph (378 km/h) top speed on the track.

But the company’s efforts to bring the vehicle to market seem to be moving slowly. After announcing its EV factory to be built in Arizona back in November 2016, nothing has moved as the company is reportedly trying to raise the $700 million needed to build the plant.

Now they reportedly shifted their strategy to look into the potential sale of the company and they are said to have been holding talks with none other than Ford.  expand full story

Lucid Motors Stories July 10, 2017

Lucid Motors keeps surprising with the performance of its all-electric sedan – the Lucid Air.

In their latest test, they hit a new record top speed of 235 mph (378 km/h), which is an impressive speed for an electric car – or any car for that matter. expand full story

Lucid Motors Stories May 26, 2017

Faraday Future’s troubles intensified over the past few months and as we reported earlier this week, it resulted in dozens of employees jumping ship.

Nonetheless, the company is apparently still investing in its factory under construction in Nevada, where its investment has now reached $174 million, though at a slower pace.They are now reportedly trying to raise a $1 billion round to complete the construction. expand full story

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