Lucid Motors, officially known as Lucid Group, Inc., is the company that designs, engineers, and builds Lucid electric vehicles. Founded in 2007 as Atieva, the company rebranded to Lucid Motors in 2016 and is headquartered in Newark, California. Its primary manufacturing facility, dubbed AMP-1 (Advanced Manufacturing Plant 1), is located in Casa Grande, Arizona. The company is a direct competitor to Tesla and other luxury automakers, focusing on high-performance, long-range electric sedans and SUVs.
A key factor in Lucid's credibility is its leadership. The company was founded by Bernard Tse, a former Tesla vice president and board member, and Sam Weng, with its current CEO, Peter Rawlinson, being the former chief engineer of the Tesla Model S. This team's expertise is a significant reason why Lucid's first vehicle, the Lucid Air, immediately set benchmarks for driving range and performance upon its release.
The table below outlines core data points that establish Lucid's position in the automotive industry.
| Data Point | Details |
|---|
| Corporate Name | Lucid Group, Inc. (NASDAQ: LCID) |
| Founding Year | 2007 (as Atieva) |
| Headquarters | Newark, California, USA |
| Primary Manufacturing Plant | Casa Grande, Arizona (AMP-1) |
| Flagship Vehicle | Lucid Air |
| EPA-Estimated Range (Air Grand Touring) | 516 miles |
| 0-60 mph Time (Air Sapphire) | 1.89 seconds |
| Major Financial Backer | Public Investment Fund of Saudi Arabia |
| Projected Annual Capacity (AMP-1 Phase 2) | 90,000 vehicles |
The company's strategy revolves around its proprietary electric vehicle technology, particularly its miniaturized powertrain. This compact and powerful unit allows for more interior cabin space, a key selling point of the Lucid Air. Following the Air sedan, Lucid is expanding its lineup with the Lucid Gravity, an all-electric SUV scheduled to begin production in 2024. While facing the challenges of scaling production and navigating a competitive market, Lucid Motors has firmly established itself as a serious and technologically advanced player in the premium EV space.
