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 report deliveries, Lucid desires to play a extra outstanding function within the EV trade.
Lucid delivered greater than 7,100 autos by means of the primary 9 months of 2024, topping the 6,001 deliveries complete 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 trying 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 accomplice. 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 posh British automaker develop a brand new EV platform for upcoming electrical sports activities vehicles.
Are extra Lucid EV partnerships on the best way?
As the primary of its sort, Lucid mentioned the Aston Martin deal would increase its attain whereas “paving the best way for extra mainstream purposes” sooner or later.
In response to Rawlinson, that may very well be before anticipated. In an interview with Bloomberg, Rawlinson mentioned Lucid is in lively talks with “a pair” of automakers over related EV partnerships.
Lucid’s CEO mentioned in the course of the interview, “It will be beautiful if we may provide know-how to a conventional automobile firm to assist them on their technique to sustainability.” He added, “Maybe we are able to leverage economies of scale with their components bin and different points of the enterprise.”
Rawlinson has hinted at further collaborations prior to now, saying Lucid is seeing extra curiosity in its know-how.
In response to Rawlinson, the Gravity SUV is a “landmark product ” with a whopping EPA-estimated vary of as much as 450 miles. Nonetheless, that is just the start.
Lucid continues to advance its new EV know-how, which helps drive prices down whereas offering extra effectivity. Rawlinson has mentioned 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 accordance with Rawlinson. The primary, an electrical SUV, is predicted to enter manufacturing in late 2026 with a beginning worth of round $50,000. We bought our first have 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 may 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 Automotive,” with a report 146 MPGe. Powered by an 84 kWh battery pack, it affords 420 miles of EPA-estimated vary for simply 5 miles per kWh of power.
Rivian (RIVN) partnered with Volkswagen in a deal value as much as $5.8 billion to create a brand new EV platform utilizing its superior software program. In response to Scaringe,, the $5 billion partnership is “a significant financialopportunity ” as Rivian preparesps to launch its smaller, extra reasonably priced R2.
Which legacy automaker is subsequent in line for an EV partnership? Ford, GM, Hyundai, Toyota? Tell us what you assume within the feedback under.
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