Lucid Motors, a luxury electric vehicle (EV) manufacturer, has made a significant impact in the industry with its high-performance and technologically advanced vehicles. Founded in 2007 as Atieva, the company initially focused on battery technology and supplied batteries for Formula E racing. In 2016, Atieva became Lucid Motors, and with the help of former Tesla VP Peter Rawlinson, the company developed the Lucid Air, a luxury sedan with a range of over 500 miles. Despite facing production challenges and significant financial losses, Lucid has secured investments from Saudi Arabia's Public Investment Fund and partnered with Aston Martin to supply powertrain technology. With plans to launch a new SUV, Project Gravity, and a midsize EV platform, Lucid aims to expand its product line and become a tech licensing powerhouse. The company's innovative approach and commitment to sustainability have raised the bar for the EV industry, and its impact will be felt for years to come.
