Lucid motors ipo7/12/2023 While some deals such as Fisker have delivered well, others such as Nikola have given up short-term gains. He added, “How far can we go per unit of energy is as important as the battery itself.” It appears that the integration of the battery with a vehicle’s electric motor and other components is no less important.Investors in blank-check firms, hoping to catch the next Tesla Inc, have been on the hunt for electric vehicle (EV) startups. His point is that any EV manufacturer can buy EV batteries from suppliers including Panasonic and LG Chem. Rawlinson, who engineered the Model S during his time at Tesla, isn’t calling out any name. “What I see is a bunch of SPACs with no technology,” according to Lucid CEO Peter Rawlinson. While the EV space may be filled with a lot of EV SPACs, the chances of them succeeding in the increasingly competitive space are far from certain. It’s becoming more prominent to have technology that could set them apart from the rest. Even traditional automakers like General Motors ( NYSE: GM) and Ford ( NYSE: F) are marching to space with their EV offerings.īut as the space gets increasingly crowded. But one thing we can be relatively sure of is that the landscape is likely to look very different a decade from now. No one knows how the top EV stocks would perform in the stock market this year considering a massive run in 2020. The multi-trillion-dollar automotive business is going through a significant transformation, enabled by falling battery costs. Can Lucid Set Itself Apart In The Sea Of EV Stocks? According to the company, this means that a Lucid vehicle can be “a temporary energy reserve to power your homes, including off-grid vacation properties”. But with Lucid’s chargers, electricity can flow in both directions. Now, most chargers only allow electricity to flow in one direction from the power grid to the vehicle. Lucid is also working on one of the first home charging stations to offer bidirectional charging. If Lucid can indeed deliver on its claims, could that be a game changer? That’s to broaden the appeal for EV adoption. EVs often take a while to charge, and the industry has been working hard to bring that charge time down. According to the company, it could charge as fast as 20 minutes for 300 miles. The company claimed that it will offer the fastest charging EV in the space through Lucid Air. Looking For The Best Biotech Stocks To Watch This Week? 3 Up 70%+ Last Week Lucid Motors Aims To Offer The Fastest Charging In The Space The facility will eventually expand to a capacity of 400,000 vehicles. It expects to begin production of the Lucid Air this spring. The initial annual capacity is 30,000 units. In December 2020, Lucid completed the initial phase of its manufacturing facility in Arizona. If we were to compare, none of them has stood out like Lucid Motors.Īpart from the company having some strong institutional backings, Lucid is already preparing to start deliveries, unlike some of the SPACs which are still working on the design. ( NASDAQ: CIIC) is still working on finalizing its deal with Arrival. Nikola ( NASDAQ: NKLA) and Fisker ( NYSE: FSR) were some of the notable names that went public through the SPAC route last year. The other models, from the entry-level $69,900 Lucid Air to the $87,500 Touring model and the $131,500 Grand Touring edition, are expected later in 2021 and in 2022. They will be the top-of-the-line Dream Edition, which goes for $169,000 and boasts a driving range of about 503 miles between charges. Lucid, led by Tesla’s ( NASDAQ: TSLA) former chief engineer, expects its EV to go into production at a new Arizona factory late this year. Are These The Best Tech Stocks To Watch This Week? 3 Making MovesĬCIV Stock, A New Opportunity Amid The EV SPAC Rush.
0 Comments
Leave a Reply. |