Company Overview
Lucid Group Inc. is an American electric vehicle manufacturer headquartered in Newark, California, specializing in ultra-premium electric sedans and SUVs. The company delivered 15,841 vehicles in 2025, a record full-year performance that more than doubled its 2024 delivery volume. Lucid's flagship Air sedan holds the record for the longest EPA-rated range of any EV at over 516 miles, powered by the company's proprietary Lucid powertrain and battery technology that achieves best-in-class energy efficiency.\n\nLucid is majority-owned by Saudi Arabia's Public Investment Fund (PIF), which has provided critical capital to fund manufacturing expansion at its Arizona factory (AMP-1) and a new Saudi Arabia facility (AMP-2) near Jeddah. The Lucid Gravity SUV began deliveries in late 2024 and provides a higher-volume product in the fast-growing premium electric SUV segment. The company has also announced a planned midsize platform that will underpin more affordable models targeted at broader market adoption.\n\nIn 2025 Lucid announced a partnership with NVIDIA to deliver one of the world's first consumer vehicles with Level 4 autonomous driving capabilities using the NVIDIA DRIVE AV platform, with initial L2++ hands-free features launching in 2026 and full eyes-off autonomy planned for subsequent model years. Lucid also supplies drivetrain technology to Aston Martin for its electric vehicles, positioning its technology licensing business as a secondary revenue stream.
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Strong Challenger
Lucid Motors is an established challenger with significant market presence and competitive offerings in Automotive & Transportation.
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