The company claims Air will be the fastest-charging EV in the market, with a charging speed of more than 32 kilometres per minute, under controlled conditions.
Lucid plans a phased global expansion with Saudi Arabia – the Arab world’s largest economy. Bloomberg
Peter Rawlinson, chief technology officer for Lucid Motors Inc.
Lucid was founded in 2007 under the name Atieva and was initially focused on building EV batteries.
In 2016, it rebranded as Lucid Motors, moved away from being a supplier and pivoted towards making a rival luxury sedan to Tesla.
In 2018, the PIF invested more than $1 billion (Dh3.67bn) in Lucid for a majority stake in the company and to help accelerate the manufacturing of its first EV.
Lucid aims to produce up to 8,000 units of Air from its Arizona facility next year and then increase that to 25,000 and 34,000 in 2022 and 2023, respectively.
Other investors of Lucid include Tokyo-based Mitsui and California’s venture capitalist Venrock.
The company claims Air will be the fastest-charging EV in the market, with a charging speed of more than 32 kilometres per minute, under controlled conditions.
Lucid plans a phased global expansion with Saudi Arabia – the Arab world’s largest economy. Bloomberg
Peter Rawlinson, chief technology officer for Lucid Motors Inc.
Lucid was founded in 2007 under the name Atieva and was initially focused on building EV batteries.
In 2016, it rebranded as Lucid Motors, moved away from being a supplier and pivoted towards making a rival luxury sedan to Tesla.
In 2018, the PIF invested more than $1 billion (Dh3.67bn) in Lucid for a majority stake in the company and to help accelerate the manufacturing of its first EV.
Lucid aims to produce up to 8,000 units of Air from its Arizona facility next year and then increase that to 25,000 and 34,000 in 2022 and 2023, respectively.
Other investors of Lucid include Tokyo-based Mitsui and California’s venture capitalist Venrock.
The company claims Air will be the fastest-charging EV in the market, with a charging speed of more than 32 kilometres per minute, under controlled conditions.