Lucid Motors
Lucid Studio at Miami Worldcenter in 2023 | |
| Formerly | Atieva, Inc. |
|---|---|
| Company type | Public |
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| ISIN | US5494981039 |
| Industry | Automotive |
| Founded | 2007 |
| Founders |
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| Headquarters | Newark, California, U.S. |
Key people |
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Production output | 9,029 (2024) |
| Revenue | US$808 million (2024) |
| −US$3.02 billion (2024) | |
| −US$3.06 billion (2024) | |
| Total assets | US$9.65 billion (2024) |
| Total equity | US$3.87 billion (2024) |
Number of employees | 6,800 (2024) |
| Parent | Public Investment Fund (58.42% as of 2024) |
| Website | lucidmotors |
| Footnotes / references | |
Lucid Group, Inc., is an American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California. In September 2021, the company began producing the Lucid Air sedan at its factory in Casa Grande, Arizona. The company expects to begin production of its second model, the Lucid Gravity SUV, in late 2024. Lucid also supplies and develops powertrain technology to other automakers, including Aston Martin.
Since April 2019, the majority shareholder of Lucid has been the Public Investment Fund, which is the sovereign wealth fund of Saudi Arabia. Other investors include large index fund managers like Vanguard Group, BlackRock, and State Street Corporation.