Cash-losing electrical automobile startup Lucid is set to expose an SUV

Cash-losing electrical automobile startup Lucid is set to expose an SUV

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Electrical automobile (EV) startup Lucid Motors will disclose its first SUV on November 16 on the Los Angeles motor display, which the corporate claims will “reimagine what an SUV can be offering”.

First previewed nearly a 12 months in the past, reservations had been open to North American patrons since early 2023 forward of purchaser deliveries in 2024. Affirmation of Eu and Heart Jap deliveries will practice.

There’s no phrase but on an Australian release for the logo, however a record previous within the 12 months steered right-hand pressure manufacturing was once at the playing cards.

The Gravity might be produced along the Air sedan at Lucid’s Casa Grande manufacturing unit in Arizona, which is being expanded to deal with the brand new automobile.

No automobile specs had been printed, alternatively the corporate has made some daring claims in regards to the SUV.

Lucid has mentioned the Gravity may have “the riding dynamics of a sports activities automobile” and prior to now showed it’ll have brand-first air suspension together with better electrical vary than any SUV in the marketplace nowadays.

The logo additionally says it is going to be offering higher aerodynamics than any SUV on the planet. For that it must beat the drag coefficient of 0.25 claimed via each the Tesla Style X and Mercedes-Benz EQE SUV.

The corporate guarantees the Gravity’s vary will exceed the rest in the marketplace, apart from for the corporate’s personal Air.

Underneath the stricter US EPA check cycle, the Air provides between 660km and 830km of vary relying at the variant.

The Style X, for context, provides a variety of 536km (Plaid) or 560km (usual) on each the EPA and WLTP check cycles.

Be expecting the Air’s 900V electric structure to hold over to the Gravity, which helps DC fast-charging at as much as 300kW.

The Gravity might be to be had in both two- or three-row configurations, with “versatile” seating configurations for 5, six or seven adults.

Extra garage might be discovered within the “frunk” — or entrance trunk — whilst Lucid additionally guarantees bi-directional charging and to be had towing capacity.

The Gravity will even debut the following era of Lucid’s Glass Cockpit high-resolution presentations, which use the Lucid UX interface.

Lucid might be hoping the Gravity can give a boost to its monetary state of affairs.

Bloomberg estimates Lucid is wasting kind of US$338,000 (A$535,000) on each and every Air it sells. For context, the Air is priced from US$77,400-$249,000 (A$122,000-$394,000), relying at the variant.

That’s worse even than in a similar fashion younger EV startup Rivian, which Bloomberg estimates is wasting $US110,000 ($AU174,500) on each and every automobile it produces.

Its percentage value is down from a height of US$55.21 (A$87.60) on November 19, 2021 to simply below US$5 (A$7.93).

It additionally posted a US$2.6 billion (A$4.12bn) loss ultimate 12 months and reduce 18 consistent with cent of its body of workers – or round 1300 employees – again in March.

At the vibrant aspect, Lucid has partnered with Aston Martin, and can provide the British marque with “long run powertrain and battery generation”.

As a part of the brand new partnership, Aston Martin will factor round 28 million new stocks to Lucid, giving the American company a stake of about 3.7 consistent with cent within the British company.

Aston Martin has additionally agreed to pay Lucid “in extra” of US$450 million ($673 million). Those bills might be made in stages, and the whole determine features a lump sum, in addition to money for drivetrain elements, batteries, electronics, and consulting and technical services and products.

The 2 automakers say the brand new partnership was once born out of a “aggressive procedure”, but it surely must be famous Saudi Arabia’s Public Funding Fund (PIF) owns stakes in each Aston Martin and Lucid.



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