48 stories tagged lucid on EV Digest.
Lucid Motors is initiating a recall for more than 27,000 Air luxury electric sedans after the National Highway Traffic Safety Administration (NHTSA) identified a potential fire risk. The issue stems from a component that could short circuit, leading to thermal events. This recall impacts nearly all Lucid Air vehicles produced to date, with owners advised to seek immediate inspection and repair.
Lucid Motors has issued a recall affecting more than 27,000 Air sedans over concerns of a potential fire risk. Owners are being advised to park their vehicles outdoors and away from structures until the necessary repairs can be completed. This recall, primarily impacting models from 2022 to 2024, addresses a potential issue with the battery contactor that could lead to overheating.
Lucid Motors recently showcased the bi-directional charging capabilities of its upcoming Gravity SUV, using it to power a Tesla Model 3. This demonstration highlights the growing potential for vehicles to share power, a feature expected to become increasingly common across the EV market. The Gravity's ability to act as a mobile power source signals future flexibility for EV owners, from emergency charging to powering off-grid setups.
Lucid has unveiled its 2027 Air electric sedan lineup, simplifying trim levels while introducing a new 'Stealth & Sound Package' for the entry-level Air Pure. The luxury EV brand maintains its pricing across all four trims for the upcoming model year, with the Air Grand Touring retaining its position as the longest-range EV available, offering up to 512 miles.
Lucid Motors has officially introduced the Gravity GT-S, an ultra-powerful electric SUV designed for families seeking both luxury and performance. Billed as North America's most potent three-row SUV, the Gravity GT-S boasts over 1,000 horsepower, setting a new benchmark for utility vehicles in the EV space. This launch signifies Lucid's expansion into the SUV segment, leveraging its reputation for high-performance electric powertrains.
Lucid has introduced the Gravity GT-S, a new performance-oriented trim for its forthcoming seven-seat electric SUV, boasting 1070 horsepower. This variant aims to combine the practicality of a family vehicle with supercar-rivaling acceleration, claiming a 0-60 mph time of just 3.1 seconds. The GT-S also features an advanced dynamic handling package for improved agility.
Lucid's upcoming Cosmos EV is poised to challenge existing long-range champions, with CEO Silvio Napoli hinting at a driving range exceeding any current Tesla model. This strategic move could position the Cosmos as a top contender for consumers prioritizing extended electric travel on a single charge.
The latest earnings reports from Rivian and Lucid reveal increasingly distinct challenges and strategies for these American EV startups. While Rivian pushes forward with its more accessible R2 model, Lucid grapples with production delays, underscoring the fierce competition and financial pressures in the EV market.
Lucid Motors is implementing a comprehensive business restructuring aimed at cutting operational costs and streamlining its production strategy. The luxury EV maker anticipates saving approximately $1.4 billion through these measures, signaling a critical pivot to enhance efficiency and financial stability.
Lucid has offered an initial glimpse of its upcoming mid-size electric SUV, internally codenamed "Cosmos." This new model is expected to be Lucid's most affordable vehicle yet, targeting a price point around $50,000, which could significantly broaden its market appeal and put it in direct competition with the Tesla Model Y.
Lucid Motors has announced a significant delay for its upcoming mid-size electric SUV, codenamed "Project Cosmos," now expected in the second half of 2027. This postponement aims to allow the company to refine its manufacturing processes and avoid past production challenges experienced with the Air sedan. The delay also coincides with a strategic shift to leverage its new partnership with Aston Martin.
Lucid appears set to introduce a high-performance "Sapphire" variant of its Gravity electric SUV, potentially featuring the Air Sapphire's tri-motor powertrain, with an unveiling anticipated during Monterey Car Week. Simultaneously, the automaker's planned smaller "Cosmos" SUV has seen its launch delayed. This strategic shift points to Lucid prioritizing its luxury performance offerings while adjusting its broader market expansion timeline.
Lucid is reportedly escalating its involvement in the robotaxi sector, furthering its existing collaborations with ride-sharing and autonomous delivery companies. This strategic move positions Lucid to compete more directly in the burgeoning driverless transportation market, a space where Tesla also aims to be a major player.
Lucid has offered a sneak peek at a new model dubbed "Cosmos," potentially slated for production next year. Additionally, the automaker hinted at a high-performance version of its Gravity SUV, which is expected to arrive on the market sooner.
Lucid CEO Peter Rawlinson emphasized that the U.S. cannot afford to remain detached from the fierce competition posed by Chinese EV manufacturers. He highlighted the rapid advancements and cost efficiencies of Chinese electric vehicles, urging American policymakers and industry to engage with, rather than ignore, this global shift. Rawlinson's remarks underscore the increasing pressure on U.S. automakers to innovate and compete effectively on a global scale.
Luxury EV maker Lucid announced a delay for its upcoming "affordable" electric vehicle platform, code-named Mid-Size. This strategic shift will see the company prioritize its existing Air sedan and Gravity SUV models, aiming to strengthen its market position before expanding its product lineup.
Lucid Group has announced a delay for its highly anticipated Gravity SUV, pushing its market debut to early 2027. This decision follows a substantial $1 billion loss in the second quarter, prompting the luxury EV maker to implement cost-saving measures and adjust its production strategy.
Lucid has confirmed that its mid-size electric SUV, internally codenamed 'Cosmos,' will now not arrive until at least 2027, pushing back the previously announced 2026 timeline. This delay impacts the company's planned expansion into a more mainstream and affordable segment of the EV market. The 'Cosmos' is expected to be a crucial model for Lucid's future sales volume and market presence.
Lucid has announced a delay in the production of its anticipated midsize electric vehicle until late 2027. This decision is part of a broader company turnaround plan aimed at ensuring the new model is fully market-ready before its release, avoiding past pitfalls of rushing products to market. The move reflects a more cautious approach to product development and market entry for the luxury EV maker.
The Lucid Gravity SUV recently demonstrated its bidirectional charging capabilities by powering a full DJ concert, earning a Guinness World Record. This feat highlights the vehicle's versatility, showcasing its ability to supply significant power for external uses, rather than just its impressive range or charging speed.
Saudi Arabian billionaire Prince Alwaleed bin Talal has reportedly purchased a significant stake in luxury electric vehicle manufacturer Lucid Group. This investment highlights growing Saudi interest in the global EV market and could provide additional capital for Lucid's ongoing production and expansion efforts.
Saudi billionaire Prince Alwaleed bin Talal has disclosed a significant 5% ownership stake in luxury EV manufacturer Lucid Group. This revealed investment has been interpreted by the market as a renewed vote of confidence from Saudi Arabia in the American electric vehicle company, leading to a substantial 25% surge in Lucid's stock price.
Kingdom Holding Company, chaired by Saudi Prince Alwaleed Bin Talal, has purchased a 5% stake in American electric vehicle manufacturer Lucid Group. This significant investment further deepens Saudi Arabia's financial ties to the premium EV brand, which already counts the Saudi Public Investment Fund as its majority owner.
A one-of-a-kind Lucid Air, customized for Shaquille O'Neal by West Coast Customs into a two-door coupe, is now available through Copart's salvage auction. The bespoke luxury EV appears to have sustained damage to its front end. This unique vehicle highlights how premium electric cars can be personalized, even as it faces an uncertain future after an accident.
Lucid Group, the American luxury EV manufacturer, is reportedly securing its financial future through continued investment from Saudi Arabia's Public Investment Fund (PIF). This significant backing will help Lucid sustain its operations and production ambitions amidst a competitive electric vehicle market. The partnership underscores a strategic alliance aimed at solidifying Lucid's position and expanding its global reach.
Lucid's second act, the 2026 Gravity Touring, is shaping up to be a compelling offering in the electric SUV segment. Early reviews praise its blend of agility, spaciousness, and comfort, suggesting it could be a significant contender upon its release.
Luxury EV manufacturer Lucid is pushing back against recent bankruptcy speculations as the company places its future hopes on the development and impending launch of a more accessible, lower-priced electric vehicle. This strategic shift aims to broaden its market appeal beyond the current high-end Air sedan and secure a stronger financial footing for the brand.
Luxury EV manufacturer Lucid Motors has reportedly hired a restructuring advisory firm, AlixPartners, as its stock continues to decline. This move signals potential strategic changes for the company as it navigates a challenging market.
Shares of luxury EV automaker Lucid Group experienced significant volatility and trading halts after a speculative report suggested the company was considering bankruptcy or a private sale. Lucid swiftly refuted the claims, stating they are "completely false" and highlighting a strong cash reserves position that should support operations into the coming year. This incident underscores the market's sensitivity to rumors surrounding EV startups.
Luxury EV manufacturer Lucid Motors recently dispelled rumors of impending bankruptcy after its stock experienced a significant drop. The company vehemently denied the reports, asserting its sound financial position with adequate free cash flow to sustain operations into the next year. This event comes at a critical time, highlighting the volatile landscape for newer EV companies in a competitive market.
Lucid Group's stock (LCID) experienced a significant drop following unsubstantiated reports circulating on social media regarding potential bankruptcy. The luxury EV maker, backed by Saudi Arabia's Public Investment Fund, has not commented on the rumors, which appear to have originated from a fake account.
Luxury EV maker Lucid has strongly denied recent rumors suggesting it was exploring a take-private deal or facing potential bankruptcy. These reports, which circulated on social media, contributed to a significant decline in the company's stock price. Lucid reaffirmed its focus on production and market growth, dismissing the speculative claims as unfounded.
Luxury EV maker Lucid has reportedly engaged consulting firms to help navigate financial challenges as its vehicle sales lag. This move signals a strategic re-evaluation for the company as it confronts a competitive and evolving electric vehicle market.
Luxury EV maker Lucid has vehemently denied recent reports suggesting it is considering bankruptcy, following a significant drop in its stock value. The company labeled these claims as "completely false," addressing market speculation that caused investor concern.
California has launched the "MyFirstEV" rebate program, offering a $3,500 point-of-sale discount for first-time EV buyers starting this summer. While designed to encourage EV adoption, its unique structure—which mandates a dollar-for-dollar match from automakers headquartered in California—means that only a limited number of Tesla models qualify, effectively favoring other in-state manufacturers like Rivian and Lucid.
A clean energy nonprofit is holding a raffle for three high-end electric vehicles: a Rivian, a Lucid, and a Porsche. With just under three weeks left until the drawing, over 4,500 tickets are still available, offering participants unusually favorable odds to win a premium EV while contributing to a good cause. This undersold raffle presents a unique opportunity for EV enthusiasts.
Lucid is providing a significant $10,000 discount on its Air sedan and upcoming Gravity SUV models, specifically for vehicles already in inventory. This incentive aims to move older stock and could be combined with other offers, presenting a deal for buyers willing to choose from available configurations.
Lucid is providing an unusual incentive for its 2026 Gravity SUV, offering no-interest financing on remaining inventory. This move comes as the luxury EV manufacturer aims to clear out earlier model years following the launch of its updated 2027 Gravity.
California is launching a revised set of electric vehicle incentives designed to further boost EV adoption within the state. These new programs are structured to particularly favor California-based manufacturers like Rivian and Lucid, while notably excluding Tesla.
Lucid Motors is undergoing a major internal overhaul, including deep cost-cutting measures and a strategic re-evaluation, as it struggles to achieve operational stability. The luxury EV maker faces significant challenges despite its advanced technology and substantial investment from Saudi Arabia's Public Investment Fund (PIF). The company's new CEO is focused on securing Lucid's financial future as it prepares to launch what it hopes will be a game-changing vehicle.
Lucid Group has announced the appointment of a new Chief Financial Officer as it continues to grapple with production and delivery targets for its luxury Air sedan. The executive change comes as the company aims to streamline operations and boost output to meet growing demand in the competitive EV market.
Luxury EV maker Lucid Motors is undergoing a significant executive shake-up, appointing a new CFO, CTO, and three other C-level leaders. This leadership overhaul, occurring under recent CEO Silvio Napoli, comes shortly after the company announced an 18% workforce reduction and withdrew its long-term production forecasts, signaling a period of strategic re-evaluation for the brand.
Luxury EV maker Lucid Motors is reshuffling its executive leadership, including changes in the CFO role, as it navigates a challenging automotive industry landscape. This comes on the heels of its top engineer's departure last month. These strategic moves aim to strengthen the company's operational efficiency and market position.
California is launching a new $135 million incentive program for electric vehicles, designed to make EVs more accessible to residents. A unique aspect of this program is a specific benefit extended to vehicles from California-based manufacturers, which could particularly favor brands like Rivian and Lucid Motors.
Lucid's forthcoming Gravity GT, an all-electric luxury family vehicle, demonstrates remarkable efficiency and an extended driving range during a recent 547-mile test drive. While the SUV delivers an exceptional driving experience, initial reviews highlight the need for software refinements before its anticipated launch.
Luxury EV maker Lucid Group is cutting approximately 18% of its U.S. workforce and has announced the departure of Chief Operating Officer Marc Winterhoff. These significant changes aim to streamline operations and enhance profitability as the company navigates an increasingly competitive electric vehicle market.
Lucid Group, the luxury electric vehicle manufacturer, has announced significant layoffs, impacting approximately 18% of its workforce. This marks the second time this year the company has implemented job cuts as it also reduces production forecasts. Amidst these changes, Chief Operating Officer Marc Winterhoff has reportedly departed the company.
Luxury EV maker Lucid Group is undergoing a significant restructuring, with plans to cut approximately 1,500 jobs, or about 15% of its workforce. This marks the second substantial round of layoffs for the company this year as it aims to streamline operations and enhance efficiency amidst ongoing production challenges and a competitive market.
