Lucid Motors Market Research Report

Company Overview

Name and Mission

Lucid Motors aims to drive a revolution in automotive design and performance through its dedication to advancing technology, sustainability, and high efficiency. The company’s mission is to create exceptional experiences that drive the world forward, compromising nothing by obsessing over every detail.

Founding and Founders

Founded: No information is available

Founders: No information is available

Key People

Peter Rawlinson - CEO and CTO

Gagan Dhingra - Interim Chief Financial Officer and Principal Accounting Officer

Marc Winterhoff - Chief Operating Officer

Eric Bach - Senior Vice President of Product and Chief Engineer

Steven David - Senior Vice President of Operations

Matt Everitt - Senior Vice President and General Counsel

Gale Halsey - Senior Vice President of People

Derek Jenkins - Senior Vice President of Design and Brand

Emad Dlala - Vice President of Powertrain

Claudia Gast - Vice President of Strategy and Business Development

Jessica Nigro - Vice President of External Affairs

Andrea Soriani - Vice President of Marketing

Faisal Sultan - Vice President and Managing Director of Lucid Middle East

Nick Twork - Head of Communications

Headquarters

Location: Silicon Valley, California, USA

Number of Employees

No information is available

Revenue

No information is available

Reputation

Lucid Motors is known for pioneering electric vehicle technology with an emphasis on creating highly efficient, luxury electric vehicles that push the boundaries of range, design, and performance.

Products

Lucid Air

Lucid Air series offers multiple trims, each designed for varying customer needs, emphasizing range, space, performance, and luxury:

Air Pure: Starting at $69,900, it offers a 420-mile range with a peak power of 430 hp, achieving 0-60 mph in 4.5 seconds.

Key Features: Spacious interior, 19”-20” wheels, up to 5 seats, rear-view camera, DreamDrive safety features.

Air Touring: Priced from $78,900 with a 406-mile range and 620 hp, reaching 0-60 mph in 3.4 seconds.

Key Features: Panoramic glass canopy, advanced materials, premium audio system, ventilated seats.

Air Grand Touring: Available from $110,900, provides a 512-mile range, 819 hp, and accelerates 0-60 mph in 3.0 seconds.

Key Features: Luxury finishes, expansive interiors with adjustable sunshades, high-speed performance components.

Air Sapphire: The most performance-focused, starting at $249,000, with 1,234 hp, and a 0-60 mph time of 1.89 seconds.

Key Features: Triple motor powertrain, torque vectoring, track-tuned suspension, luxury sports interiors.

Lucid Gravity

The new electric SUV, Lucid Gravity, was introduced emphasizing spacious interiors, high-tech integration, and adaptability for up to 7 adults. It projects a range of over 440 miles, making it versatile for family and adventure use.

Recent Developments

Products and Features

2025 Lucid Air Sapphire: Launched with enhanced performance metrics, directly competing with Tesla models, and features unparalleled vehicle power and speed.

Lucid Air Efficiency: On July 16, 2024, Lucid announced that Air Pure achieved a milestone of 5.0 miles per kWh, setting the standard for energy-efficient vehicles with an EPA rating of 146 MPGe.

Partnerships

Lucid x Four Seasons: Collaboration with Four Seasons hotels offers luxury travel experiences using Lucid Air, emphasizing long-range and emissions-free transportation.

Manufacturing and Sustainability

Lucid’s factory in Casa Grande, Arizona is designed to optimize production efficiency and sustainability, preparing to increase vehicle capacity significantly.

An initial sustainability report is expected soon, focusing on energy efficiency and material use in manufacturing.

Maintenance Initiatives

A two-year complimentary maintenance program for new Lucid Air owners, showcasing confidence in vehicular reliability and comprehensive service that includes inspections and basic part replacements for the initial period or mileage.

Lucid Motors continues to expand its presence in luxury electric vehicles, driving innovation forward with each new development while maintaining a strong commitment to efficiency and sustainability.