Lucid Group Inc Stock Price, News & Analysis

Graphite One (GPHOF) has been highlighted as one of six mining projects prioritized under the FAST-41 federal permitting process, becoming the first Alaskan mining project on the Federal Permitting Dashboard. The streamlined permitting process aims to strengthen domestic critical mineral supply chains. The company recently secured a second non-binding supply agreement with Lucid Group for anode active materials and completed its feasibility study 15 months ahead of schedule, revealing a tripled resource reserve. Graphite One is developing a complete U.S.-based graphite supply chain solution, including the Graphite Creek deposit (the largest in the U.S.), a manufacturing plant in Warren, Ohio, and a recycling facility. This initiative is crucial as the U.S. is currently 100% import dependent on graphite, with China maintaining significant market control.

Lucid Group (NASDAQ: LCID) has announced the integration of Android Auto compatibility for all Lucid Air vehicles through an over-the-air update to Lucid OS 2.7.0. This highly requested feature allows North American and European Lucid Air owners to connect their Android smartphones (Android 9.0 or higher) to access maps, media, and messaging apps on the vehicle's 34-inch Glass Cockpit display. The connection can be established via USB or wirelessly for phones running Android 11 or higher. The company plans to extend Android Auto compatibility to Lucid Gravity owners in the future.

Lucid Group (NASDAQ: LCID) has announced the election of Douglas Grimm to its Board of Directors, effective immediately following the 2025 Annual Meeting of Stockholders. Grimm brings extensive automotive industry experience from executive positions at Chrysler Corporation and major automotive suppliers. He currently serves as CEO of V-to-X, LLC, focusing on mobility sector investments. His previous roles include President and COO of Metaldyne Performance Group, a $3B automotive supplier, and founder/CEO of Grede Holdings LLC. Grimm also held leadership positions at Visteon and Dana Corporation. He currently chairs the boards of Blue Bird Corporation and Electrical Components International, while serving on boards of Lumileds and Pangea Corporation. Lucid's board now consists of eight members, with all other existing members being re-elected.

Graphite One (GPHOF) has signed a second non-binding supply agreement with Lucid Group for natural graphite anode active materials (AAM), complementing their 2024 synthetic graphite agreement. This makes Graphite One the first company to provide both natural and synthetic graphite materials to a U.S. EV manufacturer. The 5-year agreement follows Graphite One's listing on the Federal Fast-41 Permitting Dashboard and completion of its NI 43-101 feasibility study, funded by a $37.3M Department of Defense award. The company plans to produce graphite concentrate from Alaska's Graphite Creek deposit and process AAM at a facility in Warren, Ohio. The feasibility study, completed 15 months ahead of schedule, revealed a tripling of proven and probable reserves.

Lucid Group (LCID) has signed a multi-year supply agreement with Graphite One for American-sourced natural graphite, strengthening its domestic supply chain. The agreement, starting in 2028, will source natural graphite from Alaska's Graphite Creek deposit. This builds upon their 2024 agreement for synthetic graphite from Graphite One's Ohio facility. Additionally, Lucid secured a three-year agreement with Syrah Resources to supply natural graphite AAM from Louisiana starting in 2026. These partnerships aim to localize critical material supply chains, enhance US manufacturing independence, and reduce vehicle carbon footprint. Graphite, crucial for Lithium-Ion batteries and fast-charging performance, represents a significant component in EV battery production.

Lucid Group (NASDAQ: LCID) has announced the opening of its newest Studio and Service Center in Rutherford, New Jersey. The facility, located at 290 Veterans Boulevard, represents Lucid's 43rd permanent location in North America and 58th location globally. The new center is strategically positioned at the intersection of Highways 17 and 3 to serve the growing New Jersey customer base.

This expansion strengthens Lucid's presence in the Tri-State area, complementing existing locations in Short Hills, White Plains, Manhattan, Plainview, Manhasset, and King of Prussia. The Studio offers a customized experience for customers, allowing them to engage either in-person, online, or through a hybrid approach.

Lucid Motors (NASDAQ: LCID) reported its Q1 2025 financial results, delivering 3,109 vehicles, marking a 58.1% increase compared to Q1 2024. The company produced 2,212 vehicles in Q1, with over 600 additional vehicles in transit to Saudi Arabia. Revenue reached $235.0 million, while reporting a GAAP net loss per share of $(0.24) and non-GAAP net loss of $(0.20). Lucid maintained a strong liquidity position of $5.76 billion at quarter's end. The company projects manufacturing approximately 20,000 vehicles in 2025. Under Interim CEO Marc Winterhoff's leadership, Lucid highlighted the ongoing rollout of its Gravity model and emphasized its focus on driving volume, improving margins, and operating efficiently.

Lucid Group (NASDAQ: LCID) has announced significant additions to its executive leadership team as part of its growth strategy. The company has appointed six key executives to strengthen various departments:

- Akerho Oghoghomeh as SVP of Marketing (former Red Bull executive)
- Jason Ryska as VP of Global Manufacturing Engineering (30+ years at Ford, FCA)
- Dr. Kay Stepper as VP of ADAS and Autonomous Driving (from Qualcomm, 25+ years at Bosch)
- Adrian Price as SVP of Operations (30+ years at Ford)
- Erwin Raphael as VP of Revenue (ex-Amazon, Genesis)
- Gemma Parker as VP of Program Management (ex-Rivian, McLaren)

All executives will report directly to Interim CEO Marc Winterhoff, who emphasized these appointments will enhance Lucid's ability to deliver growth and maintain technology leadership in the EV sector.

Lucid Motors (NASDAQ: LCID) has announced a strategic partnership with King Abdullah University of Science and Technology (KAUST) to advance EV technology and autonomous driving capabilities. The collaboration gives Lucid access to KAUST's supercomputing facilities, enabling advanced research in fluid dynamics, crash safety, structural optimization, and AI training for autonomous systems.

The partnership, announced by Interim CEO Marc Winterhoff, will focus on developing next-generation components and systems, integrating various engineering disciplines. Key research areas include high-performance composites, heat-reflective glass coatings, innovative laminates, and alternative materials to enhance vehicle efficiency and durability. The R&D activities will be conducted at KAUST's laboratories in King Abdullah Economic City, Saudi Arabia.