'In the premium market, customers are looking for the latest and greatest.' The most jarring kernel of news was that Lucid reduced its 2022 production and delivery estimate from 20,000 units down to a range of 12,000 to 14,000 Lucid Air electric sedans. Sam Abuelsamid, a principal analyst at Guidehouse Insights, said: 'The big challenge for Lucid will be execution. (LCID) GM, RIVN, TSLA 9 Comments Livy Investment Research Investing Group Leader Follow Summary As a flurry of EVs and automakers start reporting 3Q22. The company, founded in 2007, was helped with funding from Saudi Arabia's Public Investment Fund in 2018 before it went public via a shell company in July.Įxperts say the success or otherwise of Lucid may be, like Tesla, its ability to keep up with demand. The next big obstacle is cost effectiveness of electric cars. Production will occur at a plant the company built southeast.

Mr Rawlinson, at the launch event of the production model last week, said: 'We've ridden customers of the fear of range anxiety. Deliveries of Lucid's first car, the all-electric Air, are now set for the second half of this year, a delay from its earlier forecast. The leap from prototype to mass production has been difficult for other start-ups, too. Lucid Motors said it has started production of the luxury EV. Lucid’s first car, the 169,000 Lucid Air Dream Edition sedan. The Lucid Air drive unit only weighs 67 pounds but is capable of 670 horsepower, which is 10 horsepower per pound, as Peter Rawlingson explained in the video. Image: The Lucid Air Edition can do 115 more miles than the Tesla Model S, from Elon Musk's Tesla. After roughly five years of work, the Lucid Air is finally close to reaching customers garages. Lucid Motors has published an hour-plus-long video talking about the ins and outs of its drive unit and motor.

Lucid air mass production