Lucid Motors indicated that it will reveal its electric sedan, named the 'Lucid Air,' in April. The car is scheduled to be revealed in New York, and it was initially announced in 2016. Additionally, Saudi Arabia's sovereign wealth fund made a $1 billion USD investment in Lucid Motors in 2018.
The company is currently testing 80 different prototypes of the Lucid Air, which are extremely similar models to the ones that will be produced for consumers. Lucid Motors is attempting to begin production of its electric sedan before the end of the year.
If the organization is able to meet its goals it could be able to provide legitimate competition to many of the world's top electric car brands.
Image Credit: Lucid Motors
Why This Trend Is Growing
- Electric Sedans
- The unveiling of Lucid Motors' electric sedan, Lucid Air, presents disruptive innovation opportunities for the electric vehicle market.
- Prototype Testing
- Lucid Motors' testing of 80 different prototypes for the Lucid Air presents disruptive innovation opportunities in the field of car design and manufacturing.
- Electric Vehicle Competition
- Lucid Motors' potential to compete with top electric car brands presents disruptive innovation opportunities in the automotive industry.
Industries Being Reshaped
- Automotive
- The automotive industry can explore disruptive innovation opportunities with the unveiling of Lucid Motors' electric sedan, Lucid Air.
- Electric Vehicle Manufacturing
- The manufacturing industry can explore disruptive innovation opportunities with Lucid Motors' prototype testing and production goals for the Lucid Air electric sedan.
- Investment & Finance
- The investment and finance industry can explore disruptive innovation opportunities with Saudi Arabia's sovereign wealth fund's $1 billion investment in Lucid Motors.
