Lucid Group, Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Silvio Napoli
- Full Time Employees
- 9,000
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- 7373 Gateway Boulevard Newark CA United States 94560
- IPO Date
- Sep 18, 2020
- CIK
- 0001811210
- Website
- lucidmotors.com
- Similar Companies
- Business
- Lucid Group, Inc. Lucid Group, Inc. designs, engineers, manufactures and sells electric vehicles, electric vehicle powertrains and battery systems primarily targeting the luxury automotive segment. The company offers the Lucid Air luxury sedan in variants including Pure, Touring, Grand Touring, Dream Edition and Stealth models with EPA-estimated ranges up to 520 miles, over 1,000 horsepower in top configurations and advanced features such as Android Automotive infotainment, Amazon Alexa integration and Mobileye driver-assist technology; the Lucid Gravity SUV with up to 450 miles of range, 828 horsepower in Grand Touring trim, dual-motor powertrains and production commenced in December 2024 at its Arizona facility; and an upcoming midsize SUV slated for production in late 2026 at its Saudi Arabia plant with a target starting price around $48,000. Lucid supplies powertrain technology, electric motors and battery systems to other automakers including Aston Martin under a $450 million agreement signed in 2023 and develops high-performance batteries in partnership with Panasonic Energy and LG Chem. Founded in 2007 as Atieva and rebranded Lucid Motors in 2016, the company is headquartered in Newark, California, with primary manufacturing at its AMP-1 facility in Casa Grande, Arizona, capable of up to 400,000 vehicles annually upon full expansion, and a new plant under development in Saudi Arabia for 150,000 vehicles per year; operations span North America, Europe and the Middle East with the Public Investment Fund of Saudi Arabia as majority shareholder. Recent developments include a strategic collaboration with NVIDIA for next-generation Level 4 autonomous driving technology in midsize vehicles, a partnership with Uber Technologies and Nuro for a 2026 robotaxi rollout featuring at least 20,000 modified Lucid Gravity vehicles supported by Uber's $300 million investment, organizational changes in November 2025 to accelerate growth and global expansion under interim CEO Marc Winterhoff following Peter Rawlinson's departure, acquisition of facilities from Nikola Corporation in Arizona to boost manufacturing capacity and an increased $2.0 billion delayed draw term loan facility from PIF affiliate Ayar Third Investment enhancing liquidity to approximately $5.5 billion.
Company News
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Lucid (NASDAQ: LCID) draws $400 million under affiliate DDTL
Lucid Reports Quarterly Production and Delivery Numbers
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Lucid (NASDAQ: LCID) delivers 852 more vehicles than it builds in third quarter