Lucid Motors

Lucid Group, Inc.
FormerlyAtieva, Inc.
Company typePublic
ISINUS5494981039
IndustryAutomotive
Founded2007; 17 years ago (2007)
Founders
  • Bernard Tse
  • Sam Weng
  • Sheaupyng Lin
HeadquartersNewark, California, U.S.
Key people
Production output
8,428 (2023)
RevenueDecrease US$595 million (2023)
Decrease −US$3.1 billion (2023)
Decrease −US$2.8 billion (2023)
Total assetsIncrease US$8.51 billion (2023)
Total equityIncrease US$4.85 billion (2023)
OwnerPublic Investment Fund (59.77%) (2023)
Number of employees
c. 6,500 (2023)
Websitewww.lucidmotors.com Edit this at Wikidata
Footnotes / references
[1][2][3][4]

Lucid Group, Inc. is an American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California.[5] In September 2021, the company began producing the Lucid Air sedan at its factory in Casa Grande, Arizona.[6] The company expects to begin production of its second model, the Lucid Gravity SUV, in late 2024.[7] Lucid also supplies and develops powertrain technology to other automakers, including Aston Martin.[8]

Since April 2019, Lucid has been majority-owned by the Public Investment Fund, which is the sovereign wealth fund of Saudi Arabia.[9] Other investors include the Vanguard Group, BlackRock, and State Street Corporation.[10]

  1. ^ "Lucid Group, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 27, 2024.
  2. ^ "Lucid Group, Inc. 2022 Proxy Statement (Form DEF 14A)". U.S. Securities and Exchange Commission. April 28, 2022.
  3. ^ Rosevear, John (January 12, 2023). "Electric luxury-car maker Lucid produced more vehicles in 2022 than expected". CNBC.
  4. ^ "EV maker Lucid's quarterly production, deliveries fall, shares tumble". Reuters. January 11, 2024.
  5. ^ "Atieva will launch its Tesla competitor by December". Recode. October 20, 2016. Retrieved October 21, 2016. the factory will be built in Casa Grande, which happens to be one of the locations [for] Gigafactory to produce battery packs for Tesla vehicles. That facility ended up in Nevada. "Arizona is not going to want to lose out a second time"
  6. ^ Wayland, Michael (September 28, 2021). "EV start-up Lucid begins production of flagship Air sedan ahead of customer deliveries". CNBC. Retrieved June 18, 2024.
  7. ^ "Lucid Gravity Electric SUV Revealed". CNET. Retrieved June 18, 2024.
  8. ^ Hawkins, Andrew J. (June 26, 2023). "Lucid Motors strikes deal to power Aston Martin's future lineup of EVs". The Verge. Retrieved June 18, 2024.
  9. ^ Eric C. Evarts. "Lucid Motors gets real as Saudi funding comes through". Green Car Reports. Retrieved October 7, 2019.
  10. ^ "BlackRock Just Doubled Down on Lucid Motors (LCID) Stock". markets.businessinsider.com. June 18, 2024. Retrieved June 18, 2024.