Lucid Motors

Lucid Motors, originally founded as Atieva in 2007, underwent a name change to Lucid. The user discovered this information while checking the vincode of a car through Carfax and Epicvin.

In 2008, Lucid began working on their battery system, focusing on achieving high performance, safety, and durability for electric vehicles. They integrated various battery packs into different types of vehicles and accumulated over 50 patents in the US.

In 2009, Sam Weng joined Tesla and was later promoted to vice president of vehicle engineering.

In 2013, Peter Rawlinson became the Chief Technology Officer at Atieva, a company that later evolved into Lucid Motors. Rawlinson, who previously held key positions at Tesla, played a crucial role in the development of Atieva's electric vehicle technology.

In 2014, Lucid closed a significant funding round with the aim of developing a complete electric car. They assembled a team of innovative creators to work on a custom 900 hp powertrain test vehicle, showcasing exceptional performance and range.

On November 29, 2016, state and company officials revealed plans for Lucid's US$700 million manufacturing plant in Casa Grande, Arizona. The plant was expected to create job opportunities for up to 2,000 workers by the mid-2020s, with an initial production target of 20,000 cars annually, eventually scaling up to 130,000 cars per year. The facility was designed to have a maximum capacity of 380,000 cars per year.

Lucid Motors, originally founded as a battery company, ensured the development of cutting-edge batteries for their electric vehicles, leading to the creation of the advanced charging system for the Lucid Air.

On September 17, 2018, Lucid Motors revealed that they were in discussions with the Public Investment Fund of Saudi Arabia for a funding exceeding $1 billion. This investment was finalized in April 2019 and aimed to support various aspects of Lucid Motors' operations.

The funding agreement between Lucid Motors and the Public Investment Fund of Saudi Arabia, amounting to over $1 billion, was finalized in April 2019. This investment was crucial for the development and expansion plans of Lucid Motors, including the construction of a manufacturing site in Saudi Arabia.

Lucid Motors has been actively seeking new funding since the summer of 2020.

In November 2020, Lucid completed phase 1 of their AMP-1 manufacturing plant, a crucial milestone in their journey towards scaling production and meeting increasing demand for electric vehicles.

On February 18, 2021, Lucid Motors stock achieved its highest closing price of 58.05. This marked a significant milestone for the company in terms of stock performance.

On September 16, 2020, the US Environmental Protection Agency (EPA) rated the range of the Lucid Air to be 520 miles on a single charge.

On May 5, 2022, Lucid announced that it was raising prices of the variants of its luxury Air sedan.

Lucid filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023. This report provides detailed financial information and performance metrics for that specific quarter.

Lucid Group inaugurates the first-ever car manufacturing facility in Saudi Arabia, known as AMP-2, to produce Lucid Air electric vehicles and support the country's economic diversification goals.

Lucid Motors expands into Germany, challenging Porsche, Mercedes-Benz, and BMW on their home turf with a new EV retail studio.

Lucid Motors announced the launch and immediate start of sales for a new rear-wheel drive (RWD) variant of its Air Pure sedan, completing the lineup of their flagship EV models.

The first customers receive their new Lucid Air Sapphire EVs as deliveries start, offering luxury and high performance in the electric super-sports sedan segment.

Lucid Motors faced a significant drop in Lucid Air production in the third quarter of 2023, jeopardizing their initial plan of building 10,000 cars for the fiscal year.

Lucid Motors introduces an owner referral program as a new demand lever strategy, aiming to increase customer engagement and loyalty.

A recent job opportunity posted by Lucid Motors on LinkedIn suggests the development of a new media app infotainment for EV drivers, with a focus on partnering with Apple Music, Amazon Music, and other media app providers.

Lucid Motors announces its decision to join other EV manufacturers in adopting the North American Charging Standard (NACS), originally developed by Tesla. This move will enable Lucid to provide its customers access to Tesla's extensive Supercharger network across North America.

Lucid Motors reveals its first-ever SUV, the Gravity, with a 440 mile range and starting price under $80K. The SUV also features a unique frunk seat.

Lucid Motors, the EV maker, has revealed updates for its 2024 model year Air sedans, introducing lower prices and a RWD Pure option with more customization choices.

Lucid Motors, known by the stock symbol LCID, is expected to lose its position in the Nasdaq 100 index by the end of the week, facing increased stock pressure.

The California-based EV maker Lucid (LCID) experiences a setback as its Chief Financial Officer, Sherry House, departs from the company, leading to a nearly 10% drop in Lucid stock.

Lucid (LCID) is working on an electric car lineup to compete with Tesla Model Y and Model 3.

Lucid (LCID) stock reaches a new low after a decline in Q4 EV deliveries.

During a ribbon-cutting ceremony at Lucid Motors' AMP-1 production facility in Arizona, CEO Peter Rawlinson hinted at the automaker's upcoming mid-size electric vehicle, set to rival Tesla's Model 3 and Model Y.

Lucid Motors is developing a mid-size electric vehicle to compete with Tesla's Model 3 and Model Y, as hinted by the company's CEO.

Lucid Motors' CEO and CTO Peter Rawlinson suggested that the next James Bond vehicle could be fully electric, following a supply agreement with Aston Martin.

Lucid (LCID) is introducing a new series of police vehicles which are based on its luxurious Air electric sedan. The unveiling of these electric vehicles is scheduled to take place at the World Defense Show in Saudi Arabia.

Lucid Motors lowered the prices of its 2024 Air models and introduced new charging and maintenance benefits to attract more customers. This move followed the launch of their second all-electric model, emphasizing the importance of their flagship sedan, the Air.

Lucid Motors unveiled Creature Comfort Mode, a feature similar to Tesla's Dog Mode, for Lucid Air owners. The feature is accessible through a software update and aims to enhance the driving experience for pet owners.

Lucid secured a $1 billion investment from the Saudi Public Investment Fund affiliate to support the launch of its first electric SUV, the Gravity. This funding will aid in the upcoming vehicle's release later in the year.

Lucid achieved a new high in electric vehicle deliveries during the first quarter of 2024, driven by significant price cuts. The company faces production challenges but aims to meet its 2024 targets.

Lucid Motors was mentioned.

Lucid Motors introduced a new feature called Creature Comfort Mode for pet owners of Lucid Air, similar to Tesla's Dog Mode. The feature is available for free through a software update.