Lucid has teased its reply to the Tesla Mannequin Y, how a lot it can value, 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 world automotive sector as an entire, because it was the best-selling automobile globally in 2023.
That doesn’t cease rivals from concentrating on the automobile and the extremely aggressive crossover SUV market, which has come to be one of the widespread on this planet, however particularly america.
Tesla says Mannequin Y has achieved unthinkable ‘finest vendor’ label in simply 4 years
Lucid is trying to break into that market. With a luxurious sedan and an upcoming luxurious SUV each to be accessible as an choice within the coming years, the automaker is wanting ahead by already working to develop its subsequent automobile.
Will probably be a midsize automobile, Lucid stated. 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 Customary (NACS) inlet, eliminating the necessity for an adapter.
Here’s what Lucid confirmed within the launch as we speak:
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 can additionally make the most of a proprietary software program stack that “permits the complete potential of the superior drive models and gives powertrain controls together with torque vectoring, traction management, and battery administration,” the corporate stated.
This can possible result in cheaper automobiles down the street.
Extra Than One On the Method
Whereas this midsize automobile is being teased, you will need to word that it’s not the one one Lucid is planning for.
In an interview with Yahoo Finance, CEO and CTO Peter Rawlinson stated:
“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 — nevertheless it’s going to have Lucid superior expertise.”
Rawlinson believes the new automobiles’ benefits over the Mannequin Y will lie in vary and cost-effectiveness.
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