Lucid in talks on EV partnerships: CEO

Logo of Lucid Group

Peter Rawlinson, CEO of Lucid Group Inc., said the electric vehicle (EV) maker is in talks with multiple automakers about potential partnerships as it tries to broaden its reach in the market for plug-in cars, Bloomberg reported.

Lucid would welcome an opportunity to share costs and intellectual property with a traditional car company. Moreover, discussions are ongoing with a couple of manufacturers.

“It would be lovely if we could supply technology to a traditional car company to help them on their way to sustainability, and perhaps we can leverage economies of scale with their parts bin and other aspects of the business,” Rawlinson said in an interview.

Lucid aims to manufacture 9,000 cars by the year-end. It should make 3,357 vehicles in Q4 2024, raising its annual production by 6.8%. It manufactured 8,428 units in 2023, Argaam earlier reported.