Peter Rawlinson, CEO and CTO of Lucid Motors, spoke at BloombergNEF this week, making bold predictions and outlining interesting shifts in the future of Lucid Motors.
Peter has reiterated that he would love to see Lucid produce over 1,000,000 units annually by the mid-2030s. He has made this statement multiple times over the past year and continues to reaffirm it as a potential plan moving forward. He indicates that Lucid will have the capacity to produce over 250,000 units annually by the end of 2026.
Peter acknowledged that their current volume is nearly twenty-five times lower than what they aim to achieve. However, he believes this goal is attainable with the Lucid Midsize, which is set to begin production at the end of 2026. He emphasized that the technology will be world-leading and mentioned that their drivetrain, named “Atlas,” will help differentiate them in the market. Peter further stated that this drivetrain will be the most cost-effective and lighter, allowing for a smaller battery pack.
Peter made bold predictions about the future of electric vehicles. He stated that by achieving 6.0 miles per kWh, cars could rely on smaller batteries. This, combined with improved charging speeds and more DC fast charging infrastructure, could enable vehicles to have a range of 180 to 200 miles. As a result, the overall cost of the vehicle would decrease, the vehicles would become significantly lighter, and their efficiency would increase.
After the conference at BloombergNEF, Peter met with Tim Levin from InsideEVs. During their conversation, he expressed his vision for Lucid’s future. He believes that Lucid could undergo a significant transformation, shifting its focus to become 80% a supplier and 20% a vehicle manufacturer.
While these claims may be bold, they could be beneficial for the entire electric vehicle industry. During the Lucid Motors investor day presentation last fall, it was clear that their technology is outstanding. If Lucid can find a way to scale this technology effectively, it could significantly help the entire electric vehicle sector.
What is your opinion on this shift moving forward? Do you think major OEMs like Honda or Toyota will incorporate Lucid technology into their future EV models?
Lucid Aims To Be 20% Car Company, 80% Tech Supplier: CEO
Lucid Investor Day presentation: PowerPoint Presentation
Watch the Full video from Bloomberg NEF
Lucid News 