"L4 is our north star - to get there as fast as possible, and in the end, be a profitable company and cash-flow positive. Lucid Motors executives laid out the road map for its robotaxi, which includes a business-to-business strategy partnering with companies like Uber, and a timeline for deploying self-driving technology for consumer vehicles by 2029."
"With its current portfolio of luxury EV sedans and newly announced investments in midsize SUVs and autonomous driving, Lucid said in its presentation that it expects to target a market that will grow to more than $700 billion by 2035."
"Lucid said it's entering the midsize EV market, directly competing with the Tesla Model Y, with two new cars called Lucid Cosmos and Lucid Earth. Starting prices for the EVs will be under $50,000, the company said."
Lucid Motors is pivoting toward autonomy as a path to profitability, with interim CEO Marc Winterhoff emphasizing Level 4 self-driving as the company's north star. The company unveiled Lunar, a two-seater robotaxi designed to compete with Tesla's Cybercab. Lucid is expanding its strategy through a business-to-business approach, deepening its partnership with Uber for robotaxi deployment. The company is also entering the midsize EV market with two new vehicles, Lucid Cosmos and Lucid Earth, priced under $50,000 to compete with Tesla Model Y. Lucid plans to deploy self-driving technology for consumer vehicles by 2029 and targets a market projected to exceed $700 billion by 2035.
Read at Business Insider
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