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Lots of interest and questions coming in about #LucidMotors @LucidMotors. So I thought I'd set out our reporting on the company from the last 12 months and beyond. $CCIV 1/
Tech: Lucid and CEO Peter Rawlinson have consistently talked up their tech (battery, electric motor) as the key differentiator. Not just about range, but also performance. I, August, I sat in the back seat of an air prototype for >450 miles 2/ https://www.bloomberg.com/news/articles/2020-08-11/lucid-air-electric-car-test-ride-500-mile-range-has-arrived
Production: Peter Hocholdinger (Fmr $TSLA, Audi) leads Lucid's manufacturing. Like all automakers, Covid hampered them. But they did circumvent some issues. Initial target for production volumes is low. Long-term ambitions big 3/
Feature on AZ factory: https://www.bloomberg.com/news/articles/2020-05-22/electric-cars-are-about-to-start-rolling-out-of-the-arizona-desert
Feature on AZ factory: https://www.bloomberg.com/news/articles/2020-05-22/electric-cars-are-about-to-start-rolling-out-of-the-arizona-desert
Saudi: The PIF is co's biggest backer. @mideastmatthew and I reported last week Lucid are in talks with PIF to build an EV factory in KSA (A condition of PIF's original >$1bn investment). 4/
https://www.bloomberg.com/news/articles/2021-01-07/saudi-backed-lucid-in-talks-for-electric-car-factory-near-jeddah#:~:text=Lucid%20Motors%20Inc.%20is%20in,Newark%2C%20California%2Dbased%20Lucid.
https://www.bloomberg.com/news/articles/2021-01-07/saudi-backed-lucid-in-talks-for-electric-car-factory-near-jeddah#:~:text=Lucid%20Motors%20Inc.%20is%20in,Newark%2C%20California%2Dbased%20Lucid.
ENERGY STORAGE: Lucid's ambitions also extend beyond EVs. They want to leverage their battery tech and are working on energy storage products at both consumer and commercial scale. 5/ https://www.bloomberg.com/news/articles/2020-09-09/electric-car-startup-lucid-to-follow-tesla-into-energy-storage
HISTORY: Lucid may be a new name to many but it's been around a while. It started life as a battery co called Atieva (founded 2007). They supply the battery pack for
@FIAFormulaE racing. Lucid leverage data from that for their own EVs. VIDEO: 6/ https://www.bloomberg.com/news/videos/2019-11-21/saudi-backed-battery-maker-lucid-wins-race-to-power-formula-e-cars-video
@FIAFormulaE racing. Lucid leverage data from that for their own EVs. VIDEO: 6/ https://www.bloomberg.com/news/videos/2019-11-21/saudi-backed-battery-maker-lucid-wins-race-to-power-formula-e-cars-video
Finally, our most recent reporting: Lucid Motors Said to Be in Talks to List Via Klein SPAC $CCIV
Going public long-term ambition for Lucid. But they've also said any new cap raise would be for future growth. They have the $ through start of production. https://www.bloomberg.com/news/articles/2021-01-11/lucid-motors-said-to-be-in-talks-to-list-via-michael-klein-spac
Going public long-term ambition for Lucid. But they've also said any new cap raise would be for future growth. They have the $ through start of production. https://www.bloomberg.com/news/articles/2021-01-11/lucid-motors-said-to-be-in-talks-to-list-via-michael-klein-spac
