Partnership and Collaboration - Panasonic Energy and Lucid Group announced a partnership to power the Lucid Gravity Grand Touring with Panasonic's lithium-ion EV battery cells [1] - The collaboration leverages Panasonic's latest-generation 2170 cylindrical lithium-ion battery cells, offering an energy density of above 800Wh/L, an industry-leading achievement [3] - The partnership was established through multi-year agreements in 2022, with Panasonic's batteries already integrated into the award-winning Lucid Air Pure [5] Lucid Gravity Grand Touring Features - The Lucid Gravity Grand Touring offers an EPA-estimated range of up to 450 miles, enabled by a battery pack up to 40% smaller than competitors' [1] - The SUV provides up to 120 cubic feet of total usable cargo space, combining the interior space of a full-size SUV with the exterior footprint of a mid-size SUV [2] - The vehicle delivers 828 horsepower, accelerates 0-60 mph in under 3.5 seconds, and is designed for up to seven adults [2] Battery Technology and Production - Panasonic Energy has supplied approximately 15 billion lithium-ion EV batteries globally by December 2023, equivalent to powering 3 million EVs, with no battery-attributed recalls [4] - The 2170 battery cells used in the Lucid Gravity models are produced in Japan, with future production expected at Panasonic's new facility in Kansas [5] - The batteries are designed to meet Lucid's standards for fast-charging, safety, longevity, and performance [3] Market and Pricing - The Lucid Gravity Grand Touring has a starting price of $94,900 and began production in December 2024 at Lucid's Arizona factory [5] - The Lucid Gravity Touring, with a starting price of $79,900, is planned for late 2025 and will also use Panasonic's 2170 batteries [5] Industry Impact and Vision - The collaboration between Panasonic and Lucid aims to set new standards in the EV industry, contributing to sustainable mobility and environmental sustainability [6] - Lucid Gravity is positioned as a groundbreaking SUV that combines the performance of a sports car with the comfort and space of a full-size SUV, without compromising on range or efficiency [6]

Shares of Lucid Group (LCID 4.10%) shot higher by more than 10% this morning after the company released its fourth-quarter electric vehicle (EV) delivery results. While it didn't hold all of its gains, the stock was still higher by 4% as of 11:35 a.m. ET.The move has increased the sharp rise in Lucid shares over the past month to more than 60%.Lucid notches EV delivery recordLucid produced a record 3,386 vehicles and delivered 3,099 vehicles in the fourth quarter. For the full year, the company produced jus ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Luxury electric vehicle startup Lucid produced and delivered a record number of electric vehicles in the fourth quarter and full year of 2024. Lucid produced 3,386 vehicles and delivered 3,099 in Q4. On a full-year basis, the company produced 9,029 vehicles and delivered 10,241 vehicles in 2024, meeting its previously announced target to produce roughly 9,000 vehicles last year.  Those numbers are up about 7% from 2023, when Lucid produced 8,428 units.Along with Lucid’s production and delivery numbers, the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): January 6, 2025 Lucid Group, Inc. (Exact name of registrant as specified in its charter) Delaware 001-39408 85-0891392 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 7373 Gateway Boulevard Newark, CA 94560 (Address of Principal Executive Offi ...

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Lucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than 9,000 vehicles in 2024 — meeting a previously announced target.The electric vehicle manufacturer reported production of 9,029 units and deliveries of 10,241 cars in 2024. That included production of 3,386 units and delivery of 3,099 vehicles during the fourth quarter, the c ...

NEWARK, Calif., Jan. 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended December 31, 2024. During this period, Lucid produced 3,386 vehicles and delivered 3,099 vehicles, of which approximately 7% were subject to operating lease accounting.1  On a full year basis in 2024, the company produced 9,029 vehicles and delivered 10,241 vehicles, of which approximately 5% were subject to ...

The electric vehicle (EV) market is set to charge ahead in 2025, with global sales projected to surge by 30%, according to S&P Global Mobility. This momentum is expected to put 15.1 million new battery electric vehicles (BEVs) on the road, marking a sharp rise from the 11.6 million estimated in 2024.While regional challenges, including policy uncertainties in the U.S. and subsidy cuts in Germany, create some headwinds, the EV sector continues to thrive. Emerging markets like India and Brazil are witnessing ...

Shares of Lucid Group (LCID 3.46%) are rising sharply today. While the electric vehicle (EV) maker hasn't yet released its own fourth-quarter production and delivery figures, data from its peers is giving investors reason to be optimistic.At 11:15 a.m. ET, shares of Lucid were higher by 7.9%. That is contributing to the stock's massive 51% move higher over the last month.Fears of lagging EV demand may be misplacedInvestors spent much of 2024 worrying that consumer demand for EVs was dropping. Legacy automak ...

Despite the numerous partnerships, promotions, and significant financial backing it received from the Saudi Public Investment Fund (PIF), 2024 was mostly a year of stock market struggles for Lucid Motors (NASDAQ: LCID).LCID stock 12-month price chart. Source: FinboldIndeed, despite significant volatility and several relatively strong rallies, investors appear to have been more convinced by the discrepancy between Lucid’s promises made at the time of the initial public offering (IPO) and the electric vehicle ...