Written by Cláudio Afonso | LinkedIn | X
Electric vehicle maker Lucid Motors has announced on Tuesday the election of the former vice president at Intel Capital Lisa M. Lambert to its board of directors, effective immediately.
Elected at the company’s Annual Meeting of Stockholders, Lambert brings “extensive experience in technology, sustainability, and infrastructure,” Lucid stated.
Lambert is currently the Chief Investment Officer, Private Markets at the George Kaiser Family Foundation. She previously served as Chief Technology and Innovation Officer at National Grid Plc, and held leadership positions at Intel, including Vice President and Managing Director of the Software and Services Fund for Intel Capital.
Lucid’s board now includes nine members, with Turqi Alnowaiser, Andrew Liveris, Sherif Marakby, Nichelle Maynard-Elliott, Chabi Nouri, Peter Rawlinson, Ori Winitzer, and Janet S. Wong also re-elected at the meeting.
One of the world’s largest investment advisors, Vanguard Group, has increased its position in the luxurious manufacturer by 104 percent in the first quarter of the year, a recent form reveals.
Vanguard’s fund Small-Cap Growth Index Fund Investor Shares filed a new form last week where it disclosed holding 13,267,848 shares in Lucid. Based on the current stock price of $2.86, the stake is valued at $37.95 million.
In an email sent on Monday, Lucid Motors announced that is introducing a new leasing incentive offering a $3,750 Air Credit for new customers in the United States. The incentive is in addition to the company’s existing $5,000 bonus applicable to any vehicle from its inventory as Lucid eyes higher sales in its main market.
During the first quarter of the year, Lucid delivered 1,967 vehicles, a nearly 40 percent growth compared to the first three months of 2023. In the conference call that followed the recent earnings release, the CEO Peter Rawlinson disclosed that over 500 of them were delivered to Saudi Arabia.
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Also known as MKBHD, Marques Brownlee has published on Friday a new video reviewing Lucid Motors‘ most luxurious variant of its first production model, the Air.
In the video, which reached nearly 400 thousand views after just 18 hours, he claims that the 1,234 horsepower variant Sapphire is “one of the best sedans ever made” adding that he’s also including the combustion engine sedans in that evaluation.
The CEO Peter Rawlinson has recently criticized Tesla, suggesting the company is “distracted” and “losing its way” adding that it “really falls to Lucid to take the technology to a whole new level”.
In a previous talk with the Financial Times earlier this month, the chief executive had said manufacturers from China are “many years behind Tesla” despite admitting “they’re a lot better than they’ve been”.
The electric vehicle startup is reportedly gearing up to announce a partnership providing Hyundai’s premium brand, Genesis, with electric motors.
Written by Cláudio Afonso | LinkedIn | X
