Company's new mid-size platform will emphasise efficiency and affordability
Lucid has announced that it will launch its Tesla Model Y rival in two years, priced below $50,000 . The SUV will be based on what Lucid calls its new ‘mid-size’ platform and use the company’s next-generation Atlas motors, which major on energy efficiency. The firm claims this will allow it to offer competitive range figures despite using smaller batteries than rival electric cars.
“And how can we compete? Because we’ve got the most advanced technology, which means we can go farther with less battery, and the battery is the most high-cost item of an electric car. So if you can go a certain distance with less battery, you can make that car more cheaply than anyone else.” Rawlinson did not go so far as to suggest what volumes the company would target.
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