Lucid Air

Lucid Middle East Announces Signing of MoU with the Human Resources Development Fund (HRDF) in Saudi Arabia

Retrieved on: 
Tuesday, October 25, 2022
Adoption, CFO, Human Resources Development Fund, Government, National Development Fund of Iran, SARS, NASDAQ, Private sector, Unemployment, Lucid Motors, Vision 2030, KAEC, Saudi Human Resources Development Fund, Lucid Air, National Development Fund (Saudi Arabia), Marketing, EV, CEO, CTO, E-Government in Saudi Arabia, Engineering, Memorandum of understanding, Weapon, Interior design, Lucid, King Abdullah Economic City

1,000 plus employees trained across USA, Europe, and Saudi Arabia

Key Points: 
  • 1,000 plus employees trained across USA, Europe, and Saudi Arabia
    Training to concentrate on manufacturing, sales, marketing, and engineering
    RIYADH, Saudi Arabia, Oct. 25, 2022 /PRNewswire/ --Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the signing of a Memorandum of Understanding (MoU) with the Human Resources Development Fund (HRDF) in Saudi Arabia.
  • The MoU will facilitate agreements between Lucid and HRDF to source Saudi talent and provide them with the appropriate skill development opportunities through training programs and on the job training.
  • "The agreement with HRDF will help achieve our people strategy in Saudi Arabia," said Faisal Sultan, Vice President and Managing Director of Lucid Middle East.
  • Customer deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to U.S. customers.

Lucid Promotes Faisal Sultan to Vice President, Managing Director of Lucid Middle East as it Opens its First Studio in Riyadh, Saudi Arabia

Retrieved on: 
Monday, October 24, 2022
Adoption, New York Institute of Technology, GM, Technology, Automotive industry, FCA, NASDAQ, Lucid, Lawrence Technological University, North East of England Process Industry Cluster, Automotive engineering, Ministry of Energy (Saudi Arabia), Magna, Lucid Air, Policy, CEO, Ford Motor Company, Industrialisation, Resource management, Ministry, Government, CTO, E-Government in Saudi Arabia, Engineering, Management, Industry

"As we open Lucid's first retail studio here in Riyadh, I am delighted to announce that Faisal Sultan has been promoted to Vice President and Managing Director of Lucid Middle East," said Peter Rawlinson, Lucid's CEO and CTO.

Key Points: 
  • "As we open Lucid's first retail studio here in Riyadh, I am delighted to announce that Faisal Sultan has been promoted to Vice President and Managing Director of Lucid Middle East," said Peter Rawlinson, Lucid's CEO and CTO.
  • This requires deep knowledge of the area along with business acumen, and we are very fortunate to have Faisal leading our team here in the Middle East."
  • Prior to joining Lucid, Faisal served as Senior Director, Automotive for Industrial Clusters in Saudi Arabia's Ministry of Energy, Industry and Mineral Resources.
  • Customer deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to U.S. customers.

Lucid Announces Opening of its First Middle East Studio in Riyadh, Saudi Arabia

Retrieved on: 
Monday, October 24, 2022
Adoption, NASDAQ, Lucid, KAEC, Lucid Air, CEO, Climate change, Saudi Vision 2030, Government, Heart, Beauty, CTO, E-Government in Saudi Arabia, Interior design, Weapon, Oil, King Abdullah Economic City

RIYADH, Saudi Arabia, Oct. 24, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the opening of its first Studio in the Middle East, located in Riyadh, Saudi Arabia. The luxury retail space will invite customers to experience the brand and its products in the heart of Riyadh's Al Nakheel District. With a direct-to-consumer model, every Lucid Studio offers a digitally oriented premium experience tailored to each customer's preferences, whether they visit in person, make enquiries entirely online, or combine the two.

Key Points: 
  • New Riyadh Studio set to open at 9:00 AST on Tuesday, October 25th at I Mall, Riyadh
    RIYADH, Saudi Arabia, Oct. 24, 2022 /PRNewswire/ --Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the opening of its first Studio in the Middle East, located in Riyadh, Saudi Arabia.
  • "Saudi Arabia recognizes the seismic transition toward automobile electrification and it looks to the future to secure a better world for generations to come with Saudi Vision 2030."
  • "We are incredibly excited to be celebrating this milestone today, opening our Studio in Riyadh is another positive step of our journey in Saudi Arabia," said Faisal Sultan, Vice President and Managing Director of Lucid Middle East.
  • Earlier this year, Lucid announced plans for a full production factory at King Abdullah Economic City ("KAEC") in Saudi Arabia.

Lucid Promotes Faisal Sultan to Vice President, Managing Director of Lucid Middle East as it Opens its First Studio in Riyadh, Saudi Arabia

Retrieved on: 
Monday, October 24, 2022
Adoption, New York Institute of Technology, GM, Technology, Automotive industry, FCA, NASDAQ, Lucid, Lawrence Technological University, North East of England Process Industry Cluster, Automotive engineering, Ministry of Energy (Saudi Arabia), Magna, Lucid Air, Policy, CEO, Ford Motor Company, Industrialisation, Resource management, Ministry, Government, CTO, E-Government in Saudi Arabia, Engineering, Management, Industry

"As we open Lucid's first retail studio here in Riyadh, I am delighted to announce that Faisal Sultan has been promoted to Vice President and Managing Director of Lucid Middle East," said Peter Rawlinson, Lucid's CEO and CTO.

Key Points: 
  • "As we open Lucid's first retail studio here in Riyadh, I am delighted to announce that Faisal Sultan has been promoted to Vice President and Managing Director of Lucid Middle East," said Peter Rawlinson, Lucid's CEO and CTO.
  • This requires deep knowledge of the area along with business acumen, and we are very fortunate to have Faisal leading our team here in the Middle East."
  • Prior to joining Lucid, Faisal served as Senior Director, Automotive for Industrial Clusters in Saudi Arabia's Ministry of Energy, Industry and Mineral Resources.
  • Customer deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to U.S. customers.

Introducing Lucid UX 2.0 - Newest Over-The-Air Software Update Shows Potential of Software-Defined Vehicles, Bringing Dozens of New Features to Every Lucid Air

Retrieved on: 
Thursday, October 13, 2022
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Lucid's newest over-the-air (OTA) software update is the most extensive to date, with significant advancements and improvements across the vehicle.

Key Points: 
  • Lucid's newest over-the-air (OTA) software update is the most extensive to date, with significant advancements and improvements across the vehicle.
  • Lucid UX 2.0 has already begun initial phase of rollout to customer cars and will continue over the next several weeks.
  • "Thanks to our integrated software and hardware engineering, Lucid has the in-house technical depth to enhance our vehicles long after they leave the assembly line."
  • Underpinned by race-proven battery technology and proprietary powertrains developed entirely in-house, Lucid Air was named the 2022 MotorTrend Car of the Year.

Lucid Appoints Derrick Carty as Vice President of Platform Software Engineering

Retrieved on: 
Thursday, August 25, 2022
Software, Technology, Computer science, Firmware, Derrick, View, EPA, CPU, Colonial architecture, Macs, Apple, Trend analysis, Apple Inc., Multimedia, Stanford University, Communication, Lucid Air, Adoption, Lucid

NEWARK, Calif., Aug. 25, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today announced the appointment of Derrick Carty as Vice President of Platform Software Engineering, reporting directly to Michael Bell, Lucid's Senior Vice President of Digital. In this newly created role, Mr. Carty will lead Platform Software Engineering encompassing ADAS, Audio, CoreOS/Android Framework, Embedded Software, Controls Platform, AUTOSAR and Systems Architecture. Mr. Carty brings decades of global experience in software development and user interface expertise to Lucid, including 23 years with Apple, and most recently as a consultant for Lucid's Infotainment Software team.

Key Points: 
  • He started a consulting business that provided technical and management consulting for several companies.
  • Derrick holds a bachelor's degree in Computer Science from Stanford University.
  • Underpinned by race-proven battery technology and proprietary powertrains developed entirely in-house, Lucid Air was named the 2022 MotorTrend Car of the Year.
  • The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower.Deliveries of Lucid Air, which is produced at Lucid's factory in CasaGrande, Arizona, are currently underway to U.S. customers.

Bank of America Hosts Virtual Electric Vehicle Show, Premiering September 9, 2022

Retrieved on: 
Wednesday, August 24, 2022
Digital, Sustainability, NYSE, Small business, Bank of America, United Nations, Volvo, UN, Trend analysis, Bank, Transport, New, Risk management, Nidec-Shimpo America Corporation, Sustainable Development Goal 9, Industry, Lucid Air, Private sector, Renewable energy, Financial services

CHARLOTTE, N.C., Aug. 24, 2022 /PRNewswire/ -- Bank of America will host its second annual virtual electric vehicle show, an online convention center experience premiering on World Electric Vehicle Day - September 9, 2022 - and featuring presentations by auto industry leaders, manufacturers, and electric vehicle experts. The event, entitled "EVolution," offers the public the opportunity to gain timely insight about design trends, car features, charging, financing, and sustainability.

Key Points: 
  • In 2021, Bank of America set a goal to achieve net-zero greenhouse gas emissions in financing activities, operations and supply chain before 2050.
  • Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services.
  • Bank of America Corporation stock(NYSE: BAC)is listed on the New York Stock Exchange.
  • For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts .

Introducing Sapphire: The Pinnacle of Electric Performance

Retrieved on: 
Friday, August 19, 2022
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NEWARK, Calif., Aug. 19, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today introduced Sapphire, Lucid's new ultra-high-performance brand, led by the new Lucid Air Sapphire – the world's first fully electric luxury super-sports sedan.

Key Points: 
  • Sapphire represents the pinnacle of electric performance; finally achieving the performance that I've so long searched for.
  • "With three state-of-the-art electric motors all developed and manufactured in-house by Lucid Lucid Air Sapphire reaches an entirely new level of performance," said Eric Bach, SVP of Product and Chief Engineer, Lucid Group.
  • As expected, Lucid Air Sapphire's three-motor powertrain delivers even more horsepower than the car's dual-motor siblings, including the 1,050-hp Lucid Air Grand Touring Performance.
  • Additionally, massive carbon ceramic disc brakes come as standard, endowing Air Sapphire with a stopping power to match its prodigious performance.

Lucid Air Shows Its Darker Side with Introduction of New "Stealth Look"

Retrieved on: 
Monday, August 8, 2022
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NEWARK, Calif., Aug. 8, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today announced Stealth Look, a new optional exterior design theme for Lucid Air with a darker and overtly sporting personality.

Key Points: 
  • Stealth Look will be available as an option for Air Grand Touring Performance, Air Grand Touring, and Air Touring.
  • Stealth Look darkly redefines the nature of Lucid Air, with changes to 35 components on the exterior of the vehicle with dramatic effect.
  • Customers will be able to configure a Lucid Air with Stealth Look using the "Design Yours" Configurator starting Wednesday, August 10.
  • Each one-to-one tour allows plenty of time for questions and offers an incredible 360 look at Lucid Air.

Lucid Announces Second Quarter 2022 Financial Results, Reports Strong Demand While Lowering Production Guidance for the Year

Retrieved on: 
Wednesday, August 3, 2022
EBITDA, Private Securities Litigation Reform Act, Security (finance), Quality control, Depreciation, COVID-19, Atmosphere of Earth, Public expenditure, Growth, GAAP, Communication, U.S. Securities and Exchange Commission, Industry, Government, Risk, Investment, Time, Forward-looking statement, Lucid Air, Income, COVID, Probability, Contract, Adjustment, Bank, Lucid

These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management.

Key Points: 
  • These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management.
  • Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements.
  • However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so.
  • Adjusted EBITDA is a performance measure that Lucid believes provides useful information to Lucid's management and investors about Lucid's profitability.