Expect more Lucid tech to be licensed in the near future, as the company eyes a move downmarket to supply cheaper mass offerings car auto cars
, CEO Peter Rawlinson said, “This really kicks off that wing of the Lucid Group’s business.”
The announcement with the British sportscar maker came as a surprise to many but allows the storied company to access Lucid’s high-performance twin motor drive unit, its battery technology, and its Wunderbox — an advanced charging unit. Elaborating on future deals, Rawlinson confirmed that, much like the Aston deal, Lucid’s initial focus would be on the higher end of the spectrum, with ultra-high voltage tech ideal for performance applications.However, a large area for growth will unfold once Lucid starts supplying tech for more mass-market applications. This door is expected to be opened once the company unveils its own Tesla Model 3 rival, a cheaper alternative that will have considerable appeal.“Model 2” compact EV.
“Do we ever want to make a $25,000 car because that’s what it’s going to take to change the world?” Rawlinson said. “I’m not sure if we want to be in that business, but licensing our tech to a company that could do that makes more sense.”The licensing aspect is one element that will no doubt help the startup company counter some of the pressures experienced by new EV entrants. Rivals such as
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