Thursday, November 21, 2024
Lucid has implemented a software update, giving its Air lineup brand new driver-assist features.
Automakers are heavily investing in EVs, unveiling new models while upgrading existing ones. Recently, Lucid Motors announced a significant update for its flagship Lucid Air sedan's infotainment system—integrating Android Auto support via an upcoming fall OTA update. This upgrade promises enhanced user experience and marks a pivotal moment for Lucid Air owners.
Lucid Motors' forthcoming "Project Midsize," potentially named "Earth" as per a trademark filing, signals a new budget-friendly model. Scheduled for 2026, the Lucid Earth aims to rival Tesla's Model Y in pricing and size. Lucid's strategic moves, including funding boosts and product expansions, hint at an evolving competitive landscape in the EV market.
Lucid Motors faces a trademark dispute as a rival electric vehicle startup, backed by Google Ventures, challenges its use of the "Gravity" moniker for its upcoming SUV. The legal battle adds to Lucid's existing hurdles in the highly competitive EV market, impacting the company's financial outlook and production estimates. The Gravity SUV's success becomes crucial amidst these challenges
Lucid's stock has plummeted to a new all-time low, with Q4 2023 electric vehicle deliveries totaling 1,734, reflecting a 12% YoY decrease from Q4 2022. The company has seen its stock decline by over 60% in the past year.
The National Highway Traffic Safety Administration (NHTSA) has recently issued a substantial recall affecting various vehicles for safety-related reasons. Notably, Ford is among the automakers facing a recall due to a significant oil pressure concern. In addition to Ford, both Volvo and Lucid have also initiated recalls to address specific issues. These recalls are part of a larger effort by the NHTSA to ensure the safety of vehicles on the road.