The EV maker Lucid Motors announced on Wednesday its second quarter financial results reporting $97.3 million of Revenue on deliveries of 679 vehicles and adjusted its 2022 production volume outlook to a range of 6,000 to 7,000 vehicles.
The results were followed by a conference call Lucid’s CEO Peter Rawlinson and CFO Sherry House answered the most upvoted questions from shareholders including a possible partnership with the Tech giant Apple.
The question, which counted 3,600 votes representing 952,000 shares, was “Straight to it, we all want to know. Is there a possibility for a partnership with Apple in the future?”.
Lucid’s CFO Sherry House said, “We don’t have anything to announce today regarding any new partnerships. That said, we recognize the attractiveness of our product and tech platform for other companies, and we’re keenly open to discussing partnership options. With regard to fleet or rental cars specifically, our vehicle line very strongly with the operational and financial metrics that these operators care about.
“For instance, we are industry-leading in efficiency, which is measured in miles per unit of energy and hence miles per dollar. Our charge time and range are also leading the market, which translates to higher vehicle uptime, which both customers and fleet operators desire, and we can also enable fleet operators to manage and run predictive analytics on the fleet and communicate with the fleet given we’ve installed an OTA-enabled software platform in every car that we’ve sold,” Sherry added.
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Peter Rawlinson, Lucid’s CEO and CTO, mentioned that the company would potentially be “a fantastic partner for one of these groups today” referring to cargo vehicles or sharing fleets due to the additional space in the vehicles.
“Yes, indeed, Sherry. Even from a — I guess, from a vehicle architecture perspective, our Lucid Air space concept provides additional room for luggage or cargo or in the case of an autonomous vehicle like sharing fleets, which are configured with the extra computer hardware and equipment. We have more room for that equipment and — equipment,” Lucid’s CEO said.
“So, I think for many of these characteristics and attributes would potentially make us a fantastic partner for one of these groups today. And frankly, even more, I guess, over time as we introduce more affordable models in the future, such as the Air Pure, another variants. I mean, what can I say? Well, look, we’ve got the perfect current platform for such opportunities, I guess,” Rawlinson concluded.
Recently, Lucid Motors Senior VP Eric Bach revealed in a recent interview with Driving Electric that the luxurious EV maker is developing entry-level new products. After the already known Gravity project — a seven-seater SUV that has been delayed until 2024 — the EV maker is working on a “mid-size” electric car to rival Tesla Model 3 in 2025-26.
Recently, Lucid announced the appointments of Evelyn Chiang, VP of Process Transformation, and Walter Ludwig, VP of Global Logistics. Evelyn worked at Tesla from August 2007 until the end of 2010 where she was VP of Supply Chain & IT and also the head of Tesla Roadster Operations, the company’s first model.