Lucid Motors

Lucid Motors, Inc. (formerly known as Atieva)[3] is an American automotive company specializing in electric cars. The company was founded in 2007, and it is based in Newark, California.[4]

This article is about an electric car company. For the race car company, see Lucidi Motors.
Lucid Motors, Inc.
Private
IndustryAutomobiles
Founded2007 (2007)
FounderBernard Tse
Sam Weng
HeadquartersNewark, California
Key people
Peter Rawlinson, CEO, CTO
Derek Jenkins, VP of Design
OwnerPublic Investment Fund of Saudi Arabia (67%)[1][2]
WebsiteLucidMotors

History

Lucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers.[5]

Some of Lucid's 500 employees previously worked at other car companies such as Mazda and Tesla, including Peter Rawlinson, the former VP of Engineering at Tesla,[3] and Derek Jenkins, the former Head of Design at Mazda's North America.[6] The company has seen investments from Tsing Capital, Mitsui, Venrock, JAFCO, and others,[6][7] providing an estimated $131 million by 2016.[8] Venrock, Mitsui, and JAFCO are still current investors in the company.[9]

The company rebranded to Lucid Motors in October 2016 and officially announced its intent to develop an all-electric, high-performance luxury vehicle.[5]

On November 29, 2016, state and company officials announced the planned construction of Lucid's $700 million manufacturing plant in Casa Grande, Arizona, which was projected to employ up to 2,000 workers by the mid-2020s,[10][11][12] initially building 20,000 cars and expanding up to 130,000 cars per year. The factory is designed for a maximum capacity of 380,000 car per year.[13]

On September 17, 2018, Lucid Motors announced that they were in talks with the Public Investment Fund of Saudi Arabia for a funding valued at over $1 billion.[14][15] The investment was completed in April 2019[16] and will fund the final engineering and testing of the Lucid Air model, the first-phase construction of its manufacturing plant in Casa Grande, Arizona,[15] the commercial production of the Lucid Air, and its worldwide retail strategy beginning in North America.[14][15][17] Construction began in late 2019.[18]

Cars

Lucid mainly developed battery technology in its early years, but began development of its first car in 2014.[7]

Development prototype

The company initially used a Mercedes Metris van, named “Edna”, to develop the powertrain.[7][19]

Lucid Air

The Lucid Air fully electric car model was unveiled in December 2016[20][21] and was designed with a 400 hp front motor and a 600 hp rear motor for a combined horsepower of 1,000 hp.[6][22][23] Lucid has agreed with Mobileye to use their EyeQ4 chips and 8 cameras for driver assist features,[24] and will make the car “autonomous ready”.[23] This 4-door sedan is able to reach a software-limited top speed of 217 mph; but, in July 2017, running on the high-speed track at the Transportation Research Center in Ohio, a special version of the car (with the speed limiter disabled via software and other modifications) has hit 235 mph.

Lucid plans to start production in 2020,[25][26] with the Air to be unveiled on Sept. 9, 2020[27].

Batteries

Lucid's car uses the 2170[6] standard for its lithium-ion battery[28] cells, and supply agreements have been signed with both Samsung SDI[29] and LG Chem.[30]

Lucid has designed, developed, manufactured and supplied battery packs for all race teams in the 2018–19 Formula E season,[31] and will continue to do so for the 2019–20 season,[3] in collaboration with McLaren Applied Technologies and Sony.[32][33] The Formula E specification[34] calls for a battery weight of 250 kg (551 pounds), 54 kWh energy, and peak power of up to 250 kW.[35]

Charging

Lucid Motors partnered with Electrify America to use their nationwide charging network as an option for recharging Lucid's electric vehicles on the road.[36][37] The stations will charge batteries at up to 350 kW.

See also

References
  1. Flanagan, Ben (December 19, 2019). "This man holds the key to Saudi Arabia's techno dreams". Wired Middle East.
  2. O'Kane, Sean (June 25, 2020). "Saudi Arabia owns more than half of Lucid Motors". The Verge.
  3. "Atieva will launch its Tesla competitor by December". Recode. 20 October 2016. Retrieved 21 October 2016. the factory will be built in Casa Grande, which happens to be one of the locations [for] Gigafactory to produce battery packs for Tesla vehicles. That facility ended up in Nevada. “Arizona is not going to want to lose out a second time”
  4. "On the Move: Lucid's New California Headquarters". Lucid. Lucid Motors Inc. Archived from the original on 3 January 2018. Retrieved 3 January 2018.
  5. Kirsten Korosec. "EV startup Lucid Motors snaps up Tesla's former production executive". Tech Crunch. Retrieved 7 October 2019.
  6. "Preview: Lucid Motors Prototype Sedan". Motor Trend. 3 November 2016. Retrieved 4 November 2016.
  7. Halvorson, Bengt (27 October 2016). "Tesla Owners, Will Lucid Make Your Next Electric Car?". Car and Driver. Retrieved 8 November 2016.
  8. "Lucid Motors - crunchbase".
  9. "Lucid Motors Investors". Crunchbase. Retrieved 18 October 2019.
  10. FOX. "Electric car factory planned in Arizona to have 2,000 workers". Archived from the original on 2017-08-13. Retrieved 2016-11-30.
  11. "Lucid Motors Has A 1000HP Tesla Challenger; Now To Find The Cash To Build It". Forbes. 29 November 2016. Retrieved 30 November 2016.
  12. Ronald J. Hansen and Yvonne Wingett Sanchez (30 November 2016). "Tesla rival Lucid Motors plans Casa Grande plant". azcentral, The Republic. Retrieved 30 November 2016.
  13. "Electric Cars Are About to Start Rolling Out of the Arizona Desert". www.bloomberg.com. 22 May 2020.
  14. "Lucid Signs $1bn+ Investment Agreement with Public Investment Fund of Saudi Arabia". Lucid Motors. 17 September 2017. Retrieved 20 October 2018.
  15. Jhaveri, Aakash. "Lucid Motors signs investment agreement with PIF, valued at over a billion dollars". Retrieved 20 October 2018.
  16. Eric C. Evarts. "Lucid Motors gets real as Saudi funding comes through". Green Car Reports. Retrieved 7 October 2019.
  17. Kirsten Korosec. "EV startup Lucid Motors snaps up Tesla's former production executive". Tech Crunch. Retrieved 7 October 2019.
  18. "Lucid Motors Begins Construction Of Arizona Factory". CleanTechnica. 3 December 2019.
  19. "Introducing Edna". Lucid Motors.
  20. Lucid Motors debuts luxury EV set to take on Tesla
  21. "Lucid reveals design for its luxury Air sedan, a Tesla competitor". Green Car Reports. 15 December 2016. Retrieved 19 December 2016.
  22. "Name Change: EV Automaker Atieva is Now Lucid, Teaser Photos Revealed - Motor Trend". 21 October 2016.
  23. Davey G. Johnson. "Rarefied Air: Lucid's New Car Just Might Be the Real Deal". Car and Driver. Retrieved 7 October 2019.
  24. Lambert, Fred (2 January 2017). "Lucid Motors' autonomous tech in its all-electric sedan will be powered by Tesla's former partner Mobileye". Electrek. Retrieved 2 January 2017.
  25. Lambert, Fred (1 July 2019). "Tesla's head of production is going to EV startup Lucid Motors". Electrek. Retrieved 11 September 2019.
  26. Emily Chang. "Lucid in Talks to Partner With Carmaker, Plans IPO in Few Years". Bloomberg. Retrieved 7 October 2019.
  27. Lambert, Fred (2020-06-17). "Lucid Motors to unveil production Air electric car with pricing and specs on Sept 9". Electrek. Retrieved 2020-06-24.
  28. Cunningham, Wayne (21 October 2016). "Start-up Lucid Motors launches with 300-mile plus premium electric sedan". Roadshow. CBS Interactive. Retrieved 8 November 2016.
  29. "Would-Be Tesla Rival Lucid Motors Inks Battery Supply Pact With Samsung SDI". Forbes. 6 December 2016. Retrieved 7 December 2016.
  30. Kelly Lin. "Lucid Partners With LG Chem on Battery Cells". Motortrend. Retrieved 18 October 2019.
  31. Dow, Jameson (2018-12-12). "Formula E's new race season starts this weekend, with much-improved Gen 2 car". Electrek. Retrieved 2019-02-03.
  32. ApexRacingPR (2016-10-23). "Three-way partnership for Formula E battery supply". Archived from the original on 2017-06-02. Retrieved 2016-12-18.
  33. "Lucid (Formerly Known as Atieva) Will Be the Sole Battery-Pack Supplier for Formula E". Retrieved 2016-12-18.
  34. http://legal.fia.com/web%255Cappeloffre.nsf/E93EA1FEBD58EBA2C1257F7300593D40/$FILE/2016%252003%252011%2520ITT%2520FE%2520battery%2520system%2520(3).pdf?openelement%5B%5D
  35. "Lucid Will Be the Sole Battery-Pack Supplier for Formula E Racing". Car and Driver. Retrieved 8 November 2016.
  36. Stephen Edelstein. "Lucid Motors to Use Electrify America Charging Network for Its Air Electric Car". The Drive. Retrieved 18 October 2019.
  37. Arthur Villasanta. "Tesla Model S vs. Porsche Taycan: Survey Reveals Clear Winner Among EV Buyers". International Business Times. Retrieved 18 October 2019.
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