Lucid Group, Inc. (LCID)

Lucid is a technology company that designs, develops, manufactures and sells luxury electric vehicles (EVs), along with the EV powertrains, battery systems and proprietary software that run them. Its stated mission is to advance the state of the art of EV technology. The company emphasizes in-house hardware and software development, vertical integration and a "clean sheet" engineering approach. Its vehicles are software-defined and are improved through over-the-air updates. Lucid also aims to monetize its technology through partnerships and through the sale or licensing of EV platforms, powertrains, battery technology and embedded controls software to third parties.

Lucid currently sells two vehicles. The Lucid Air sedan began customer deliveries in late 2021 and is offered in Pure, Touring, Grand Touring and Sapphire trims, with the Grand Touring rated at up to 512 miles of EPA-estimated range and the Sapphire delivering 1,234 horsepower. The Lucid Gravity SUV began production in December 2024 and seats up to seven adults. Both are built on the Lucid Electric Advanced Platform and use in-house battery packs, permanent magnet motors, integrated drive units and the Wunderbox on-board inverter and charger. A Midsize platform with three planned vehicles is scheduled to start production in late 2026 to enter higher-volume, lower-priced segments. Lucid has a technology supply arrangement with Aston Martin to provide powertrain, battery and software technology. It has also partnered with Uber and Nuro on a robotaxi program based on the Lucid Gravity, with a minimum of 20,000 vehicles planned and a first deployment expected in the San Francisco Bay Area. Uber's subsidiary SMB Holding Corporation made a $300 million strategic investment.

Lucid targets consumers seeking high-end design, performance and a premium experience in global luxury vehicle markets across North America, Europe and the Middle East. The Midsize platform is intended to reach a substantially larger addressable market. Lucid sells directly to consumers through company-owned retail and online channels, including Lucid Financial Services. As of December 31, 2025, it had opened 45 Studios and service centers in North America, 12 in Europe and 5 in the Middle East. It owns and operates its sales and service network in the U.S., Canada and Saudi Arabia, and plans importer, dealer, agent and authorized repairer partnerships as it expands. Service combines service centers, mobile service vehicles, approved collision repair shops, a third-party roadside assistance partner, remote diagnostics and over-the-air updates.

Vehicles are assembled at Advanced Manufacturing Plant-1 (AMP-1) in Casa Grande, Arizona, which had installed capacity of 90,000 vehicles per year after 2024 expansions. The company assembles its electric powertrain there, including battery packs, drive units and the Wunderbox. Advanced Manufacturing Plant-2 (AMP-2) in Saudi Arabia began semi knocked-down assembly in 2023 with 5,000 units of annual capacity, re-assembling kits made at AMP-1. An expansion is under way to add 150,000 units of completely-built-up capacity for Midsize vehicles. Lucid has battery cell supply agreements with leading suppliers and is entering agreements for critical battery precursor materials. It competes in the global luxury vehicle market and against makers of platforms that must also accommodate hybrid and internal combustion powertrains.