Lucid Motors is a young company from Newark (California) that challenged Tesla in the electric car market.
Founded in 2007 under the name Atieva, as a manufacturer of batteries and electric transmissions for other automotive companies.
CEO and chief engineer Peter Rawlinson previously worked at Tesla, Lotus and Jaguar, production manager Peter
Hochholdinger also came from Tesla, and chief designer Derek Jenkins held a similar position at Mazda North America.
The startup's first investors were Chinese holdings Tsing Capital and BAIC, as well as Mitsui, Venrock and
In 2016, Atieva was renamed Lucid Motors and officially announced its intention to develop an electric luxury car.
By the end of the year, it showed the Lucid Air prototype - a 4-door sedan with two electric motors with a total power of 1000 hp, equipped with a Samsung
SDI battery with a power reserve of 644 km.
In 2018, Lucid Motors received more than $1 billion from the Saudi Arabian Public Investment Fund, and in 2019 began construction of a plant in Casa Grande,
designed to produce 20,000 vehicles per year, with the possibility of increasing this number to 130,000.
Launch of Lucid Air in 2020 series
The company is now supplying batteries for Formula E cars for the second consecutive season.