- Lucid CEO confirms the corporate is searching for further established automakers to companion with.
- It is already in talks with two unnamed automakers after signing a deal to supply Aston Martin with its EV tech.
- Lucid needs to promote 1 million automobiles yearly and it’ll want an OEM’s assist to assist it ramp up manufacturing.
Though Lucid Motors is a startup with a lot much less car-making expertise than conventional OEMs, it has rapidly turn into an electrical car know-how chief. It’s prepared to share its EV tech with others and it’s already serving to Aston Martin create its personal bespoke EV platform. Nonetheless, it additionally needs to seek out extra automakers to companion with.
In a latest interview with Bloomberg, Lucid CEO Peter Rawlinson mentioned the corporate was presently in talks with “a pair” of automakers, however he didn’t identify names—certainly one of them might be Genesis. He mentioned, “It could be beautiful if we might provide know-how to a standard automobile firm to assist them on their option to sustainability, and maybe we will leverage economies of scale with their components bin and different points of the enterprise.”
In different phrases, Lucid could be focused on supplying its EV tech and anticipate to realize know-how from its potential companions. This doesn’t apply to its cope with Aston Martin, which is one-sided for now, however Lucid expects to earn extra than simply cash from its future partnerships. Aston Martin will launch its first EV, which can have Lucid tech and know-how, in 2026, and it says it has a number of EVs within the pipeline.
Lucid isn’t the one EV startup searching for established OEM companions. Rivian arrange a multi-billion greenback three way partnership cope with Volkswagen to develop electrical automobiles. VW has pledged to take a position near $6 billion, and the partnership’s first automobiles are anticipated to debut in 2027. Apparently, a Volkswagen EV prototype is already operating on a Rivian platform with Rivian tech.
Volkswagen additionally owns the Scout EV model, so it’s not fully unreasonable to recommend that the upcoming Scout Terra and Traveler could have some elements in frequent. That can make the truth that Scout and Rivian usually are not the identical firm even much less obvious.
Lucid’s in-house-developed electrical motors and 900-volt platform permit it to make a few of essentially the most environment friendly electrical automobiles on this planet. The startup lacks data about scaling up manufacturing into the lots of of hundreds, which is the place the expertise supplied by a longtime automaker could be very helpful.
Now within the strategy of ramping up manufacturing of its second mannequin, the Gravity full measurement SUV, Lucid will then transfer on to making ready the beginning of manufacturing for its third mannequin. This will likely be a smaller and extra reasonably priced midsize electrical SUV, whose beginning worth will likely be round $48,000, so it ought to promote in increased volumes than any of its present fashions—the most affordable Lucid proper now could be the Air Pure, which begins at $71,400, however you’ll be able to pay over $250,000 for a top-spec Air Sapphire.
Peter Rawlinson beforehand mentioned that Lucid is aiming to promote 1 million automobiles yearly, and it’s banking on not one however two midsize electrical crossovers to get there. This yr, it produced round 10,000 automobiles, so it is acquired a protracted option to go to realize the said purpose.
