Lucid has teased its reply to the Tesla Mannequin Y, how a lot it can price, and when it can come out because it makes an attempt to penetrate the EV market and take extra whole share out from its rivals.
The Tesla Mannequin Y has dominated not solely the U.S. EV market however the international automotive sector as an entire, because it was the best-selling automobile globally in 2023.
That doesn’t cease rivals from focusing on the automobile and the extremely aggressive crossover SUV market, which has come to be probably the most common on this planet, however particularly america.
Tesla says Mannequin Y has achieved unthinkable ‘greatest vendor’ label in simply 4 years
Lucid is seeking to break into that market. With a luxurious sedan and an upcoming luxurious SUV each to be out there as an choice within the coming years, the automaker is trying ahead by already working to develop its subsequent automobile.
Will probably be a midsize automobile, Lucid mentioned. The corporate additionally included a teaser picture in its press launch, the place it additionally confirmed the Gravity SUV will equip the Tesla North American Charging Normal (NACS) inlet, eliminating the necessity for an adapter.
Here’s what Lucid confirmed within the launch at the moment:
A teaser picture of the Lucid midsize automobile (PRNewsfoto/Lucid Group)
New Atlas Drive Unit
Together with a brand new automobile design comes a brand new drive unit, as Lucid will incorporate its new Atlas drive unit into the midsize automobile.
This drive unit is smaller to permit for extra inside cabin house and is extra environment friendly, as Lucid hopes to enhance on its already industry-leading vary and effectivity.
It’ll additionally make the most of a proprietary software program stack that “permits the complete potential of the superior drive models and supplies powertrain controls together with torque vectoring, traction management, and battery administration,” the corporate mentioned.
It will possible result in cheaper autos down the highway.
Extra Than One On the Method
Whereas this midsize automobile is being teased, it is very important notice that it isn’t the one one Lucid is planning for.
In an interview with Yahoo Finance, CEO and CTO Peter Rawlinson mentioned:
“There’s not only one midsized automobile, there’s a plural. I’ve not disclosed what number of based mostly upon the midsized platform, however I imply that’s going to tackle the Tesla Mannequin 3, Mannequin Y — best-selling automobile on this planet — however it’s going to have Lucid superior expertise.”
Rawlinson believes the new autos’ benefits over the Mannequin Y will lie in vary and cost-effectiveness.
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