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Lucid CEO: New midsize cars, EV tech make Lucid a long-term play like Tesla and Amazon
EV maker Lucid Motors revealed new information today about its upcoming Gravity SUV at its Technology & Manufacturing Day, along with updated delivery numbers for 2024 and a glimpse of its upcoming midsize SUV.
“If you look at our [electric] drive units, not only are they very competitively priced for the power, they're incredibly cheap, but what they enable is a significantly smaller battery, which leads to a very considerable cost saving,” Rawlinson told Yahoo Finance. German engineering firm A2MAC1 looked over the data and found a number of cost efficiencies and metrics that showed Lucid topping some competitors in some areas, and at least nearing them in other parts. Looking ahead, Lucid and Rawlinson are most excited about the upcoming midsize SUV, unnamed at the moment, which will be powered by the just-revealed Atlas drive unit and cost around $50,000 when it goes on sale in 2026.
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