1/8/2024 0 Comments Lucid news todayThe Lucid Air’s biggest claim to fame is its exceptional driving range. So, which is the better electric luxury flagship, the Tesla or the Lucid? The car experts at Edmunds compared these two long-distance EVs to find out. The 2022 Lucid Air is an all-electric luxury sedan that can compete with the Model S in some areas and surpass it in others. There’s a newcomer giving the Model S a run for its money, and it comes from a fellow startup. He writes a Substack newsletter, Facing the Future, which covers technology, markets, and politics.The Tesla Model S has enjoyed a nearly 10-year head start on the premium electric sedan competition, but the gap is beginning to close. He is the author of Living With Moore’s Law: Past, Present and Future available at the Amazon Kindle store. ĭana Blankenhorn has been a financial and technology journalist since 1978. ![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Dana Blankenhorn held no positions in companies mentioned in this article. Battery supplies are the gating factor to its growth. If Sigma can execute on that contract, Lucid should be fine. Sigma claims it can supply LG Energy’s needs for at least six years from a plant in Brazil. That’s a Canadian lithium supplier whose stock has quadrupled this year. Or dial up your broker and buy Sigma Lithium (NASDAQ: SGML). If you believe in Lucid, look toward the December spin-off of its battery supplier as LG Energy Solutions. Many are going with the same supplier, LG Chem, which has had difficulties, and whose stock is down as a result. Lucid is lined up alongside every other car maker in seeking batteries to power its assembly lines. There’s a certain “yadda yadda” in the positive chatter about Lucid Motors. “One major reason why LFP batteries are not seen much outside of China relates to a series of key LFP patents, which have allowed the country to dominate the LFP market,” wrote Aria Alamalhodaei, “But those patents will soon be expiring, and it seems that Tesla has its eye on that timeframe.” That could enable Musk’s battery manufacturing to be done nearer to its car assembly lines. Lithium-iron-phosphate (LFP) batteries use an older, cheaper battery chemistry and are popular in China. Pay attention to recent moves by Tesla to use iron-based batteries for its models. My InvestorPlace colleague Tezcan Gecgil has a piece today that offers an investment strategy on QuantumScape (NASDAQ: QS), which is working on developing energy-dense solid-state batteries with high driving range and fast charging times. It’s whether there are going to be enough batteries to supply this demand. It’s not the assembly lines, not the design, not the orders. Yet battery production bottlenecks are now seen as the key roadblock to electric vehicle production. None of the five catalysts our Samuel O’Brient found recently for the stock’s rise involve proof of battery production and supply. Meanwhile, Lucid Air stock is up 21% since the start of September, mainly on the strength of its reviews. But a shortage of batteries could be a bigger problem for car makers than the chip shortage. Rawlinson is glossing over what could be a major problem. Those with gray in their hair remember the Democrats’ 1992 slogan, “It’s the economy, stupid.” With electric cars, it’s the batteries, stupid. The shares have since recovered just half the losses. Shares of LG Chem lost a quarter of their value in August after problems were found at two of its Asian plants. General Motors (NYSE: GM) blames LG Chem for a $1 billion recall of its Chevy Bolt. LG Chem is already supplying other car makers. If the Korean company can deliver, Lucid can meet its ambitious 2023 production target of nearly 1,000 cars per week.īut that’s not going to be easy. ![]() Lucid is depending on LG Chem for its batteries. His battery “Gigafactory” in Nevada is the key to his whole operation. You don’t get anywhere without scaled production of batteries. Most of an electric’s moving parts can be hidden in the wheel wells. ![]() Electric motors have one moving part, which is attached to the driveshaft. In theory, electric cars are very simple. Musk heeded the warnings, solved the problems, and rode Tesla to glory. Now that Lucid is starting to make its luxury Lucid Air sedan, and getting great reviews, it must scale that production.
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