March 29, 2024

Web and Technology News

Lucid plans to start production of Gravity electric SUV in late 2024

Lucid said Monday it will reveal its long-awaited all-electric Gravity SUV in November with production not kicking off until late 2024. The EV maker, which has experienced a drop in sales for its well regarded but pricey luxury sedan, had originally planned to begin producing the Gravity at its factory in Arizona in late 2023. […]

Legacy automakers suffer another blow as Aston Martin spurns Mercedes-AMG’s electrified tech

For over a century, automakers differentiated themselves with gas-powered engines. With EVs, all that expertise goes out the window.

Legacy automakers suffer another blow as Aston Martin spurns Mercedes-AMG’s electrified tech by Tim De Chant originally published on TechCrunch

Aston Martin taps Lucid to help develop electric vehicles

Lucid Group, the U.S. automaker that produces the luxury all-electric Air sedan, will supply Aston Martin with powertrain components for future electric vehicle models, the companies said Monday. The iconic British luxury automaker aims to launch an EV in 2025. The agreement marks a first for Lucid — a chance to act as supplier and […]

Aston Martin taps Lucid to help develop electric vehicles by Rebecca Bellan originally published on TechCrunch

EV maker Lucid misses on revenue, earnings in Q1

Lucid’s first-quarter results showed a company with widening losses and revenue that failed to meet Wall Street expectations, results that sent shares tumbling as investors worried about demand for its luxury all-electric Air sedan. Lucid Group’s shares dropped more than 9% in after-hours trading as investors reacted to the dismal first-quarter earnings. Shares have since […]

EV maker Lucid misses on revenue, earnings in Q1 by Kirsten Korosec originally published on TechCrunch

Lucid shares drop as EV maker misses 2023 delivery expectations

Luxury electric vehicle maker Lucid Motors missed Wall Street estimates for fourth-quarter and full-year 2022 revenue, as well as 2023 production and delivery goals, causing the company’s stock price to tumble almost 10% in after-hours trading. That’s a particularly rough outcome for a company that’s been battling supply chain issues and has had to slash […]

Lucid shares drop as EV maker misses 2023 delivery expectations by Rebecca Bellan originally published on TechCrunch

Lucid is raising prices on its luxury Air EV by as much as 13%

Lucid Group is the latest automaker to up the price of its electric vehicles. The company announced Thursday alongside its first-quarter earnings report that it was raising prices of the variants of its luxury Air sedan, beginning June 1. The price hikes pushes base price of the Air sedan as much as 13%. All existing […]

Dallas County police add Tesla Model 3s to their fleet

Dallas County is the latest to tap EVs for law enforcement, adding three Tesla Model 3s to its police fleet. Local, state, and federal governments worldwide have begun adding battery-electric models to their municipal fleets, including the New York Police Department and police departments in Boulder, Spokane, and Fremont, California. The interest in adding electric […]

Dallas County police add Tesla Model 3s to their fleet

Dallas County is the latest to tap EVs for law enforcement, adding three Tesla Model 3s to its police fleet. Local, state, and federal governments worldwide have begun adding battery-electric models to their municipal fleets, including the New York Police Department and police departments in Boulder, Spokane, and Fremont, California. The interest in adding electric […]

Lucid launches a faster, more expensive version of its flagship EV

Lucid Motors announced Tuesday a high-performance companion to its long-awaited Lucid Air luxury sedan: a 1,050-horsepower grand tourer with a 446-mile range. The $179,000 Lucid Air Grand Touring Performance Model will arrive in June, following customer deliveries of the automaker’s long-awaited flagship model, the 819-horsepower Lucid Air Grand Touring full-size sedan that can travel up […]

Lucid launches a faster, more expensive version of its flagship EV

Lucid Motors announced Tuesday a high-performance companion to its long-awaited Lucid Air luxury sedan: a 1,050-horsepower grand tourer with a 446-mile range. The $179,000 Lucid Air Grand Touring Performance Model will arrive in June, following customer deliveries of the automaker’s long-awaited flagship model, the 819-horsepower Lucid Air Grand Touring full-size sedan that can travel up […]

LG Energy increases battery production in the U.S. with $1.4B investment

South Korea’s LG Energy Solution, which supplies electric vehicle batteries to Tesla, Lucid Motors, General Motors and Proterra, said on Thursday it is investing $1.4 billion (1.7 trillion KRW) to build a cylindrical battery plant in Queen Creek, Arizona. The move is a clear indication that LG Energy is increasing its presence in the United […]

LG Energy increases battery production in the U.S. with $1.4B investment

South Korea’s LG Energy Solution, which supplies electric vehicle batteries to Tesla, Lucid Motors, General Motors and Proterra, said on Thursday it is investing $1.4 billion (1.7 trillion KRW) to build a cylindrical battery plant in Queen Creek, Arizona. The move is a clear indication that LG Energy is increasing its presence in the United […]

BYD, Lucid are latest EV makers to adopt Nvidia’s self-driving toolkit

Nvidia has added two electric vehicle makers to its portfolio of automotive companies adopting its Drive Hyperion platform, a compute and sensor toolkit that powers automated driving capabilities in everything from private passenger vehicles to robotaxis to autonomous trucks.  Chinese automaker BYD and American automaker Lucid Motors, two companies that offer software-defined features like intelligent […]

BYD, Lucid are latest EV makers to adopt Nvidia’s self-driving toolkit

Nvidia has added two electric vehicle makers to its portfolio of automotive companies adopting its Drive Hyperion platform, a compute and sensor toolkit that powers automated driving capabilities in everything from private passenger vehicles to robotaxis to autonomous trucks.  Chinese automaker BYD and American automaker Lucid Motors, two companies that offer software-defined features like intelligent […]

Lucid rolls back production goals even as demand for luxury EV rises

Earnings season rolled along today with notes from Lucid Motors’ fourth-quarter results. The company, like other electric vehicle (EV) companies, is nascent in revenue terms, albeit further along than some. The company publicly debuted as a SPAC company in July last year after merging with Churchill Capital IV. The company’s value has had a turbulent […]