Summary by Moomoo AI
On September 10, 2024, Lucid Group, Inc. reported significant developments in its operations and upcoming product offerings. The company announced that it has surpassed its total 2023 car deliveries by August 31, 2024. During its Technology & Manufacturing Day, Lucid showcased the Lucid Gravity SUV and provided insights into the cost-effectiveness of its manufacturing technologies. The event, held at the company's Arizona factory, also introduced the Atlas Drive Unit, a next-generation technology currently in development for midsize platform vehicles. Lucid's advancements in powertrain technology were highlighted, emphasizing superior power density and efficiency. The company also revealed that the Lucid Gravity will be equipped with a NACS charging connector, compatible with over 15,000 Superchargers, and is slated to begin production later in the year. Additionally, Lucid provided a preview of an upcoming midsize vehicle expected to start production in late 2026 with a starting price under $50,000. The full event webcast is available for replay on Lucid's investor relations website.
