Lucid (LCID) may be in line for several new EV partnerships. CEO Peter Rawlinson revealed that the company is actively talking with “a couple” of automakers about supplying its tech.
Coming off its third straight quarter of record deliveries, Lucid wants to play a more prominent role in the EV industry.
Lucid delivered more than 7,100 vehicles through the first nine months of 2024, topping the 6,001 deliveries total last year. With its first electric SUV, the Gravity, hitting the market, Lucid expects to carry the momentum into next year.
Meanwhile, the company is looking to share its advanced EV tech with traditional automakers. In return, Lucid could benefit from an established supply chain and manufacturing network.
Lucid has already secured one partner. Last summer, the company agreed to a strategy tech partnership with Aston Martin. Lucid will supply its proprietary EV powertrain tech to help the luxury British automaker develop a new EV platform for upcoming electric sports cars.
Are more Lucid EV partnerships on the way?
As the first of its kind, Lucid said the Aston Martin deal would expand its reach while “paving the way for more mainstream applications” in the future.
According to Rawlinson, that could be sooner than expected. In an interview with Bloomberg, Rawlinson said Lucid is in active talks with “a couple” of automakers over similar EV partnerships.
Lucid’s CEO said during the interview, “It would be lovely if we could supply technology to a traditional car company to help them on their way to sustainability.” He added, “Perhaps we can leverage economies of scale with their parts bin and other aspects of the business.”
Rawlinson has hinted at additional collaborations in the past, saying Lucid is seeing more interest in its technology.
According to Rawlinson, the Gravity SUV is a “landmark product ” with a whopping EPA-estimated range of up to 450 miles. However, this is just the beginning.
Lucid continues to advance its new EV technology, which is helping drive costs down while providing more efficiency. Rawlinson has said Lucid’s technology is years ahead of the competition.
After the Gravity, Lucid plans to launch a series of mid-size EVs aimed “right in the heart of Tesla Model 3, Model Y territory,” according to Rawlinson. The first, an electric SUV, is expected to enter production in late 2026 with a starting price of around $50,000. We got our first look at the new model after Lucid teased its mid-size SUV in September.
Electrek’s Take
Which legacy automaker will tap into Lucid’s EV tech next? After teasing Jaguar over its radical new ultra-luxury EV, a partnership could make sense.
Jaguar is overhauling the brand with plans to launch a lineup of electric ultra-luxury models priced upwards of $200,000.
Lucid’s technology is among the best on the market. The 2025 Air Pure is claimed to be “The World’s Most Efficient Car,” with a record 146 MPGe. Powered by an 84 kWh battery pack, it offers 420 miles of EPA-estimated range for just 5 miles per kWh of energy.
Rivian (RIVN) partnered with Volkswagen in a deal worth up to $5.8 billion to create a new EV platform using its advanced software. According to Scaringe,, the $5 billion partnership is “a meaningful financialopportunity ” as Rivian preparesps to launch its smaller, more affordable R2.
Which legacy automaker is next in line for an EV partnership? Ford, GM, Hyundai, Toyota? Let us know what you think in the comments below.
FTC: We use income earning auto affiliate links. More.
