Lucid Motors in talks with automakers to share EV tech
Lucid Motors is in talks with many automakers about potentially sharing its electric vehicle technology and plans to go public in a few years.
At the BloombergNEF Summit in San Francisco Lucid Chief Technology Officer Peter Rawlinson said: "We're currently in dialogue with companies that are interested in our technology to evaluate there is an opportunity for partnership with some way that doesn't dilute our brand and is beneficial".
Lucid considered one earlier and even held early-stage takeover talks with Ford Motor landed a 1 billion dollars investment by Saudi Arabia's Sovereign Wealth Fund in September that's crucial to getting its first model, the Air sedan, into production.
The company plans to start construction of a plant in Arizona this spring and begin building the car in late 2020.
Rawlinson, who was chief engineer of the Model S when he worked for Tesla, said on Bloomberg Television that Lucid has developed world-class technology that traditional automakers lack and could benefit from.
He declined to identify the carmakers Lucid is having talks with and said the company won't do an initial public offering until after the Air is in production.