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 document deliveries, Lucid desires to play a extra outstanding position within the EV business.
Lucid delivered greater than 7,100 autos by the primary 9 months of 2024, topping the 6,001 deliveries whole 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 seeking to share its superior EV tech with conventional automakers. In return, Lucid may gain advantage from a longtime provide chain and manufacturing community.
Lucid has already secured one companion. Final summer season, the corporate agreed to a method tech partnership with Aston Martin. Lucid will provide its proprietary EV powertrain tech to assist the luxurious British automaker develop a brand new EV platform for upcoming electrical sports activities automobiles.
Are extra Lucid EV partnerships on the best way?
As the primary of its type, Lucid mentioned the Aston Martin deal would increase its attain whereas “paving the best way for extra mainstream functions” sooner or later.
In accordance with Rawlinson, that may very well be ahead of anticipated. In an interview with Bloomberg, Rawlinson mentioned Lucid is in lively talks with “a pair” of automakers over comparable EV partnerships.
Lucid’s CEO mentioned throughout the interview, “It could be pretty if we might provide expertise to a standard automobile firm to assist them on their solution to sustainability.” He added, “Maybe we are able to leverage economies of scale with their elements bin and different elements of the enterprise.”
Rawlinson has hinted at extra collaborations previously, saying Lucid is seeing extra curiosity in its expertise.
In accordance with Rawlinson, the Gravity SUV is a “landmark product ” with a whopping EPA-estimated vary of as much as 450 miles. Nevertheless, that is only the start.
Lucid continues to advance its new EV expertise, which helps drive prices down whereas offering extra effectivity. Rawlinson has mentioned Lucid’s expertise 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 acquired our first take 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 might 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 expertise 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 document 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 price as much as $5.8 billion to create a brand new EV platform utilizing its superior software program. In accordance with 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 beneath.
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