Lucid Showcases Gravity SUV and Provides Analysis of Cost Effectiveness of its Enabling Technologies During Technology & Manufacturing Day
Lucid Group (NASDAQ: LCID) showcased its upcoming Gravity SUV and presented an analysis of its enabling technologies' cost-effectiveness at its Technology & Manufacturing Day. The company announced that it has already delivered more cars in 2024 than in all of 2023 through August 31. Lucid introduced its next-generation Atlas drive unit, which offers enhanced value and is destined for upcoming midsize platform vehicles. The company also revealed that the Lucid Gravity will be equipped with a NACS charging connector in 2025, allowing access to 15,000+ Superchargers. Additionally, Lucid offered a glimpse of its upcoming midsize crossover, scheduled for production in late 2026 with a starting price under $50,000.
Lucid Group (NASDAQ: LCID) ha presentato il suo prossimo Gravity SUV e ha analizzato l'efficacia dei costi delle sue tecnologie abilitanti durante il suo Technology & Manufacturing Day. L'azienda ha annunciato di aver già consegnato più auto nel 2024 rispetto all'intero 2023 fino al 31 agosto. Lucid ha introdotto la sua unità di guida di nuova generazione Atlas, che offre un valore migliorato ed è destinata ai prossimi veicoli di piattaforma di medie dimensioni. L'azienda ha anche rivelato che il Lucid Gravity sarà dotato di un connettore di ricarica NACS nel 2025, consentendo l'accesso a oltre 15.000 Supercharger. Inoltre, Lucid ha offerto un'anteprima del suo prossimo crossover di medie dimensioni, previsto per la produzione alla fine del 2026 con un prezzo di partenza inferiore a 50.000 dollari.
Lucid Group (NASDAQ: LCID) presentó su próximo Gravity SUV y realizó un análisis de la rentabilidad de sus tecnologías habilitadoras en su Día de Tecnología y Manufactura. La compañía anunció que ha entregado más autos en 2024 que en todo 2023 hasta el 31 de agosto. Lucid introdujo su unidad de transmisión de próxima generación Atlas, que ofrece un valor mejorado y está destinada a los próximos vehículos de plataforma de tamaño mediano. La compañía también reveló que el Lucid Gravity contará con un conector de carga NACS en 2025, permitiendo el acceso a más de 15,000 Supercargadores. Además, Lucid ofreció un vistazo a su próximo crossover de tamaño mediano, programado para producción a finales de 2026 con un precio inicial inferior a $50,000.
루시드 그룹 (NASDAQ: LCID)는 다가오는 그라비티 SUV를 선보였으며, 기술 및 제조의 날 행사에서 기술의 비용 효율성에 대한 분석을 발표했습니다. 이 회사는 8월 31일 기준으로 2023년 전체보다 이미 2024년에 더 많은 자동차를 인도했다고 발표했습니다. 루시드는 향후 중형 플랫폼 차량을 위해 향상된 가치를 제공하는 차세대 아틀라스 구동 장치를 소개했습니다. 또한 이 회사는 루시드 그라비티는 2025년에 NACS 충전 커넥터가 장착될 것이라고 밝혀, 15,000개 이상의 슈퍼차저에 접근할 수 있게 됩니다. 게다가 루시드는 2026년 말 생산 예정인 중형 크로스오버의 모습을 엿볼 수 있었습니다. 이 차량의 시작 가격은 50,000달러 미만입니다.
Lucid Group (NASDAQ: LCID) a présenté son prochain Gravity SUV et a effectué une analyse de la rentabilité de ses technologies innovantes lors de sa Journée Technologie et Fabrication. L'entreprise a annoncé avoir déjà livré plus de voitures en 2024 qu'en 2023 dans son ensemble jusqu'au 31 août. Lucid a introduit sa unité de propulsion de nouvelle génération Atlas, qui offre une valeur améliorée et est destinée aux futurs véhicules de plateforme de taille moyenne. L'entreprise a également révélé que le Lucid Gravity sera équipé d'un connecteur de charge NACS en 2025, permettant d'accéder à plus de 15 000 Superchargeurs. De plus, Lucid a donné un aperçu de son prochain crossover de taille moyenne, prévu pour production fin 2026 avec un prix de départ inférieur à 50 000 dollars.
Lucid Group (NASDAQ: LCID) hat seinen kommenden Gravity SUV vorgestellt und eine Analyse der Kosteneffizienz seiner zugrunde liegenden Technologien auf seinem Technology & Manufacturing Day präsentiert. Das Unternehmen gab bekannt, dass es bis zum 31. August bereits mehr Autos im Jahr 2024 ausgeliefert hat als im gesamten Jahr 2023. Lucid stellte seine next-Generation Atlas-Antriebseinheit vor, die einen erhöhten Wert bietet und für zukünftige Fahrzeuge der Mittelklasse-Plattform bestimmt ist. Das Unternehmen gab zudem bekannt, dass der Lucid Gravity 2025 mit einem NACS-Ladeanschluss ausgestattet sein wird, der den Zugang zu mehr als 15.000 Superchargern ermöglicht. Darüber hinaus gab Lucid einen Ausblick auf seinen kommenden Mittelklasse-Crossover, der für die Produktion Ende 2026 geplant ist und einen Einstiegspreis von unter 50.000 US-Dollar haben wird.
- Lucid has delivered more cars in 2024 (through August 31) than in all of 2023, indicating improved production and sales
- Introduction of the next-generation Atlas drive unit, which offers enhanced value and efficiency
- Lucid Gravity to be equipped with NACS charging connector in 2025, expanding charging network access
- Upcoming midsize crossover with a starting price under $50,000, potentially expanding market reach
- Continued technological advancements, including OTA updates and enhanced ADAS systems
- None.
Insights
Lucid's Technology & Manufacturing Day unveils significant advancements that could reshape the EV landscape. The Atlas Drive Unit stands out as a game-changer, potentially offering superior power density and efficiency at a lower cost. This could translate to improved profit margins and competitive pricing for Lucid.
The announcement of a sub-$50,000 midsize vehicle for 2026 is particularly noteworthy. If Lucid can deliver on this promise, it could dramatically expand its market reach and challenge established players in the mass-market EV segment. However, executing this ambitious plan while maintaining quality will be crucial.
The adoption of the NACS charging standard for the Gravity SUV is a strategic move, potentially enhancing customer convenience and alleviating range anxiety. This could boost Gravity's appeal in a competitive luxury EV SUV market.
Lucid's focus on cost-effectiveness and efficiency in its technologies is promising for its financial outlook. The company's claim of delivering more cars in 2024 than in all of 2023 by August 31 suggests improving production capacity and potential revenue growth.
The upcoming Gravity SUV and midsize platform could diversify Lucid's product lineup, potentially increasing market share and revenue streams. However, investors should closely monitor Lucid's cash burn rate and path to profitability, as expanding production and developing new models require significant capital investment.
The emphasis on software updates and connectivity indicates a potential for recurring revenue through value-added services, which could improve long-term financial stability. Overall, while Lucid shows promise, its ability to scale production efficiently and manage costs will be critical for financial success.
"Today demonstrates how the Lucid Gravity is set to be the best SUV ever, showcasing its revolutionary package and attributes only made possible with the technologies Lucid has pioneered," said Peter Rawlinson, CEO and CTO at Lucid. "Our drive unit is one of several important enabling technologies, delivering next-level performance, collectively enabling a lower cost for our powertrain system than our competitors. Simply put, our vehicles go farther with less, unlocking significant cost and mass savings as we scale."
New Atlas Drive Unit
While Lucid's powertrain technology is already years ahead of the competition, the company announced its next-generation drive unit, Atlas, which is in development and undergoing extensive testing. The new drive unit enables enhanced value for Lucid and its customers. The Atlas Drive Unit is destined for the company's upcoming midsize platform vehicles.
Lucid's current electric drive unit already delivers superior power density, higher peak power, and cost per horsepower (hp) compared to industry rivals. The drive unit is miniaturized, allowing greater interior cabin space and is more efficient, enabling longer range using less energy and therefore less batteries than competitors. A proprietary software stack enables the full potential of the advanced drive units and provides powertrain controls including torque vectoring, traction control, and battery management.
Coupled with software connectivity and infrastructure, Lucid vehicles continue to add capabilities and value to customers throughout their product lifecycle. This week's Lucid UX 2.4 over-the-air (OTA) update brings drivers an enhanced version of the optional Dream Drive Pro Advanced Driver Assistance System (ADAS), a new voice control system, and an updated navigation map design, among other updates.
Lucid Gravity to be Equipped with NACS
Lucid also announced today that the Lucid Gravity will be equipped with a NACS charging connector in 2025, allowing access to 15,000+ Superchargers. The Lucid Gravity is scheduled for start of production later this year.
The technologies, innovations and learnings of Lucid Air have been incorporated into the upcoming Lucid Gravity, designed to be the world's most advanced electric SUV. Powered by the company's ultra-compact powertrain technology, Lucid Gravity is expected to deliver exhilarating performance while also offering an expansive, sophisticated interior with space for up to seven adults and their belongings.
Midsize Platform
Today's event also offered a glimpse at one of the company's upcoming midsize vehicles. The new crossover will use the efficiency and cost advantages enabled by Lucid technology to deliver the same range as competitors while using a smaller battery. The midsize platform is scheduled to start production in late 2026 with a starting price under
A replay of the full event webcast will be available at https://ir.lucidmotors.com.
About Lucid
Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The flagship vehicle, Lucid Air, delivers best-in-class performance and efficiency starting at
Investor Relations Contact: investor@lucidmotors.com
Media Contact: media@lucidmotors.com
Performance Note
Lucid's net income and cash flow results will be announced along with the rest of its financial performance when Lucid announces third quarter earnings. Lucid vehicle delivery numbers represent only one measure of the company's operating performance and should not be relied on as sole indicators of quarterly financial results, which depend on a variety of factors.
Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
Forward-Looking Statements
This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations with respect to commercial product launches, including the Lucid Gravity SUV and Midsize platform, start of production timing, anticipated benefits from the new drive unit, features, capabilities, timing and anticipated benefits of NACS integration, plans and expectations regarding Lucid's software, and the promise of Lucid's technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lucid-showcases-gravity-suv-and-provides-analysis-of-cost-effectiveness-of-its-enabling-technologies-during-technology--manufacturing-day-302243111.html
SOURCE Lucid Group
FAQ
When will Lucid Gravity be equipped with NACS charging connector?
What is the starting price of Lucid's upcoming midsize crossover?
How does Lucid's 2024 car delivery compare to 2023?
What is Lucid's new drive unit called and what vehicles will it be used in?
