Thursday, November 14, 2024
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 is expanding its manufacturing facility, AMP-1, in preparation for launching the Lucid Gravity electric SUV. This strategic expansion aims to boost production efficiency, reduce costs, and enhance product quality. CEO and CTO Peter Rawlinson highlights the significance of this expansion as Lucid commits to its presence in Arizona, unveiling the second phase of AMP-1.
