Lucid Electric Vehicles

Lucid, previously Atieva, is one of the new kids on the block in the Auto manufacturing sector. Before Tesla, it was unfound of to think that any auto manufacturer can be from Silicone Value, but now Atieva joins the ranks of so many newcomers in the space that hails from the tech industry. The founders have their roots in Tesla and Oracle. Initially, Atieva focussed on developing battery systems for various electric vehicle powertrains but had a vision of designing the ultimate vehicle from the ground up. The company unveiled its prototype powertrain named Edna in 2016. See Edna break the 0 – 100 1/4 mile in under 3 seconds in the video below uploaded by the company in August 2016. The company changed its name to Lucid Motors in October 2016.

Lucid Motors electric vehicles program aimed to develop a platform which will include 900 horsepower, far more than any Tesla to date. Atieva has a target 0-60 time of 2.7 seconds for its production car, 0.1s faster than the most powerful Tesla. Testing of the platform commenced in early 2016. Atieva’s test vehicle Edna was the platform bolted on a Mercedes Van. Edna had a battery capacity of 87kWh.

Future Lucid Electric vehicles

Lucid Electric Car Strategy in the news

2018 Week 39 Lucid AIr secures charging network

Hot on the heels of EV start-up Lucid Motors announced last week that it acquired $1 billion in production funding from the Public Investment Fund of Saudi Arabia the company this week announced an agreement with Electrify America. The preliminary agreement will allow Lucid Air drivers access to 500 350kW ultra fast charging stations across 40 states. The figure of available stations is expected to increase once the Lucid Air is available in 2020.

The Lucid Air is potentially one of the luxury EV models that will truly provide a challenge to the Tesla Model S should the new company be able to produce in significant numbers. Access to a fast charging network will assist Lucid in providing meaningful competition to Tesla and other luxury car makers.

2018 Week 34 Lucid raise funding

EV start-up Lucid Motors is apparently in talks with the Saudi sovereign wealth fund to get funding of $1 billion. The Saudi’s have been looking at ways to decouple its economy from oil using its wealth fund to invest in new technologies and other ventures such as tourism. According to Reuters the discussions has already progressed to a term sheet being drawn up whereby the funding will be provided in phases, starting with $500 million. This is great news for customers waiting for the launch of Lucids’ elegant EV sedan the Lucid Air. 

Funding stalled apparently due to complication around a 20% shareholding owned by Jia Yueting, the controversial founder of Lucid competitor Faraday Future. According to court papers filed by EVelozcity founder and ex FF CFO Stefan Krause, Yeuting provided his shares in Lucid as security thereby sabotaging any fundraising attempts of Lucid.

2017 Week 5 Lucid AIr price released

Lucid Motors this week placed a shot across the bow of luxury automakers such as Volvo, Audi, Mercedes, BMW and even Tesla by announcing the pricing for the Lucid Air. The San-Francisco based startup introduced a starting price for the base model at $60,000 before Federal and State incentives. Read wattEV2Buy’s blog post on the press release to see what is included in the competitive pricing.

2017 Week 5 Lucid AIr video footage revealed

2016 Week 49 Strategic Partnership with Samsung SDI

the newly branded automaker from Silicon Valley, previously know as Atieva, and Samsung SDI entered into a strategic partnership on creating a next generation lithium-ion battery cell, focussing on improving the energy density and lifespan associated with damage caused by fast charging.

Lucid’s Director of Battery Technology, Dr. Alber Lui said: “I have been very pleased with the results of the collaboration with Samsung SDI in developing a cell chemistry that meets our stringent standards.”

2016 Week 48 Lucid Motors Assembly plant planned

Lucid Motors, the Californian based electric vehicle company formed out of the battery and drive train developer Atieva, announced that it would build its assembly plant in Casa Grande, Phoenix, Arizona and expects production from the plant in 2018.

2016 Week 42 New name for Atieva

The San Francisco-based Atieva, the producer of electric drivetrains and battery systems, has changed its name to Lucid Motors and unveiled teasers of its new electric vehicle. The company’s prototype drivetrain, Edna, built into a Mercedes Van provided entertaining videos pulling away from BMW i8 and Dodge Viper on a quarter mile. Teaser images on the company’s website indicate that the new vehicle will include autonomous driving and offer comfort and space in a midsize platform.

2016 Week 31 Speed test revealed

The San Francisco-based startup, Atieva this week posted the results of the latest test of its drivetrain, breaking the 1/4 mile 0 – 60 in under 3 seconds. The company uploaded a video of EDNA, its drivetrain built into a Mercedes Van beating a Dodge Viper and a BMW i8.


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