Written by Cláudio Afonso | LinkedIn | X
Lucid Motors has plans involving solid-state battery technology in its models, the company’s interim Chief Financial Officer Gagan Dhingra said during the Nasdaq Investor Conference, without providing specific details due to confidentiality.
“We’re looking [at] each and everything,” the executive said. “There are obviously certain confidentially involved things which I cannot share, but we are looking, and we have something already planned in our models.” Lucid‘s CFO declined to elaborate further, adding, “I cannot comment on that, I’m sorry.”
Here’s the segment where Gagan Dhingra comments on solid-state batteries.
Solid-state batteries, which use lithium metal anodes and new electrolytes, offer the potential for significantly higher energy density compared to traditional lithium-ion batteries. This technology allows extending the vehicle’s range beyond 600 miles without increasing battery weight.
In July, Lucid signed a new non-binding supply agreement with U.S.-based Graphite One. The deal includes the supply of synthetic anode active materials, which would help the EV maker further localize its supply chain.
Earlier this year, the company announced that its 2025 Pure variants of the Air sedan could achieve 5.0 miles per kilowatt-hour of energy. The model, with an EPA-estimated range of 420 miles from an 84 kWh battery pack, has an energy efficiency of 5 miles per kWh and holds a record 146 MPGe EPA rating.
Lucid, known for its focus on efficiency, reiterated its goal of achieving 6.0 miles per kilowatt-hour, a key focus for its long-term development strategy.
As reported earlier this week, Lucid’s Grand Touring variant of the Gravity SUV has received an official EPA-estimated range of 450 miles. Lucid started production of the SUV last week at its plant in Casa Grande, Arizona.
When asked whether the EV maker was considering adopting a mixed business model, including selling its vehicles through third-party dealerships, the CFO remained open to the possibility, stating that the company is “exploring multiple options.”
Globally, Lucid produced 1,805 vehicles and delivered 2,781 in the third quarter of the year, of which 8% were leased.
Lucid shares closed about 3% higher on Wednesday at $2.43. As of the time of writing, the stock is trading 0.8% higher during Thursday’s pre-market session.
Written by Cláudio Afonso | LinkedIn | X
