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Lucid Motors Wants To Share Its Incredible EV Technolgy

Lucid Motors

Now, more electric cars will be able to hit 60 mph in 2.5 seconds.

California-based automaker Lucid Motors has been on our radar for a few years now. The company recently received a $1 billion investment from Saudi Arabia to build its long-anticipated all-electric Air sedan. The Air has some mind-boggling performance figures including a 2.5-second 0-60 mph time, a 235 mph top speed, and faster lap times around Laguna Seca than a Jaguar I-Pace. And with a predicted price of $60,000, 1,000 horsepower, and a 400-mile range, the Tesla Model S should be worried.

Speaking with Bloomberg, Lucid Motors Chief Technology Officer Peter Rawlinson said the company may share its incredible EV technology with other automakers ahead of a planned IPO.

Instead of simply selling its battery technology to the highest bidder, Lucid may license it to another automaker. "We’re actually currently in dialogue with companies that are interested in our technology,” Rawlinson said. "If there is an opportunity for partnership with some way that doesn’t dilute our brand and is beneficial, then that would be ultimately a board decision.”

Ford was considered as a potential buyer for the whole company, though it seems like Lucid is no longer for sale. Lucid could partner with Ford to build EVs, though Volkswagen has also been rumored as a potential partner for the Blue Oval. Like Lucid, VW is interesting in sharing its EV platform with other automakers.

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Judging by what we've seen so far from the Air sedan, Lucid could be a major player in the EV segment, so it doesn't make sense to sell now. "We want to grow this business. Some sort of short-term move of a sale is just not on the agenda for me or any of the team,” Rawlinson said. "We see huge, long-term value for Lucid.”

Lucid plans to build a factory in Arizona this spring. Production will begin in early 2020 with the Air going on sale in 2021.

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