- Lucid Motors is one of the largest manufacturers of batteries and power trains for full-electric and hybrid vehicles.
- A battle is on the horizon for control of the full-electric vehicle market, and Lucid Motors is about to become a threat to Tesla.
- The implications of this battle might be widespread and result in changes to how all automakers design vehicles in the future.
While you’ve heard of Ford, General Motors, Toyota, Chrysler and Tesla, you may tilt your head at the mention of Lucid Motors. While few people have heard of the company, it’s a huge contributor to the hybrid and full-electric vehicle market. Now, Lucid Motors is making a big splash with the announcement that it intends to produce luxury electric vehicles with incredible performance and range.
What happens in the next several years could shape the entire future of cars in North America. Read on to learn what Lucid Motors is and why you should care.
What Is Lucid Motors?
Lucid Motors is an automotive company that invented and produced many of the components major auto companies use to make hybrid and electric vehicles. Until recently, its primary purpose was to supply other companies with the parts needed to bring hybrids and full-electric vehicles to market. However, Lucid Motors has been planning the production of its own electric vehicles since 2014.
The company announced it would be debuting two new model lines in 2022 and 2023, and the first cars are set to hit the road at some point this year. Lucid Motors plans to follow this up with the launch of a full-electric SUV next year.