![]() ![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. In this video, you will see the CEO/CTO Peter Rawlinson and VP of Powertrain. The Lucid Air drive unit only weighs 67 pounds but is capable of 670 horsepower, which is 10 horsepower per pound, as Peter Rawlingson explained in the video. Although, look for the company to start with a dual or triple-motor configuration reaching upwards of 1,000 HP, similar to the Air Dream Edition. Lucid Motors has published an hour-plus-long video talking about the ins and outs of its drive unit and motor. In the third quarter, Lucid manufactured 2,282 vehicles, bringing its year-to-date (YTD) production to almost 3,700 vehicles. If the Lucid Gravity has the same platform and powertrain as its Air siblings, we can expect a cheaper single-motor Gravity with around 480+ horsepower with about 350 miles of range. In October, the company affirmed this production guidance, which had previously been lowered from between 12,000 and 14,000 vehicles. Investors will receive a much-needed update on production when Lucid reports earnings tomorrow after the bell.įull-year production is guided to be between 6,000 and 7,000 vehicles. Our relentless focus on innovation, luxury, and sustainability drives us into a reality where you no longer have to choose between doing great things, doing the. The company has been involved with a series of headwinds this year, such as supply-chain inefficiencies, inflation and a shortage of raw materials. Lucid is working around the clock to ramp up its production and the addition of another state market would surely benefit sales. This loophole helped Tesla increase the conveniency and access of sales, as Michigan residents previously had to drive to Ohio to purchase a Tesla vehicle. ![]() However, the official sales paperwork still says the EVs are sold in another state. In 2020, Michigan allowed the company to sell its EVs directly to consumers after years of litigation. Tesla has dealt with a similar situation before, which may act as a precedent. “That tight and fast feedback loop, and the benefits it brings to Lucid’s customers, would be impossible with third-party dealers interposed between Lucid and consumers.” The company wrote in its plaintiff statement: Because of this, using a dealership for sales “would not be economically viable and would harm the business.” The company argues that its direct sales and in-house after-sales service - such as repairs and maintenance - are linked together. Lucid sells its vehicles online and through a network of proprietary stores. Lucid Motors Releases Lucid Air OTA Software Update v1.2.18: New Lidar Features & More Lucid Motors has released version 1.2.18 of the Lucid Air vehicle software, it is an over-the-air update that started to roll out to some customers today. We don't want to spend $1 billion on a factory for 400,000 units and have all that capital tied up.LCID Stock: Lucid Sues Texas for Its Dealership Regulations Rawlinson also explained that they will be building out the manufacturing plant in four distinct stages as needed. Direct message the job poster from Lucid Motors LLC nasco nassourou Job Description Template We are looking for a dynamic digital account manager to join our marketing team. In the Axios interview, Rawlinson described Lucid's manufacturing strategy as a chess game with lots of moving pieces where every move is dependent on the next. Production hell means you didn't plan very well - Lucid's VP of Manufacturing, Peter Hochholdinger, a former Audi manufacturing executive who left Tesla in mid-2019 to join Lucid, explained to Axios. However, he was VP of Production at the time, so we would assume at least some of the blame needs to rest on his shoulders. With the Grand Touring and Touring Performance models also on display, it will be. Hochholdinger is also critical of Tesla's past problems and cites poor planning as to why the company struggled with production. Lucid will show its tri-motor, top-performance Air Sapphire, alongside the Pure and Touring versions on Nov. ![]() Axios also spoke with Lucid's Vice President of Manufacturing, Peter Hochholdinger, who happens to be Tesla's former VP of Production. ![]()
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