Lucid manufactures the high-performance Air sedan. It has received quite a few accolades for efficiency, model and driving vary. Enterprise Insider reported that Lucid officers are extraordinarily anxious about order cancellations which have occurred. Within the third quarter, Lucid misplaced $530 million on income of $195 million. Hovering costs for uncooked supplies in batteries and electrical motors have affected each electrical car maker, and the chip scarcity has disrupted output.
Rivian, funded by Amazon, Ford and others, can also be struggling. Financially strapped Lordstown Motors won’t make any extra pickups past the five hundred it plans to construct by spring.
And whereas Rivian and Lucid usually are not in quick hazard of operating out of cash, they need to reevaluate one a part of the enterprise: distribution.
In Lucid’s case, there are quite a few luxurious manufacturers with distribution networks that might provide loads to the California startup.
Lincoln’s first EV remains to be years away. Think about the advantages Lincoln sellers might derive from promoting the Lucid Air. They’d have a direct EV competitor to Mercedes and Cadillac. Lincoln dealership technicians would achieve expertise engaged on an EV now, not in 2025. And Lucid prospects swiftly would have a nationwide community of sellers, making the possession expertise far much less irritating. Ford has proven curiosity in working with different automakers. At one time, there was to be a Rivian-based Lincoln. Might Toyota’s Lexus division use an EV proper now? How about Chrysler?