Speculation Lucid Prepares to Announce Partnership with Hyundai on Electric Motors

[Bobby]

https://****************.com/lucid/.../?fbclid=IwZXh0bgNhZW0CMTEAAR0CFUt1jJD1dLH-4M

 

[xponents]

https://****************.com/lucid/.../?fbclid=IwZXh0bgNhZW0CMTEAAR0CFUt1jJD1dLH-4M

Holy crap. This is MASSIVE for Lucid. We've also seen many Gravity mules in South Korea (some of us bought up the possibility, but we deemed it unlikely)...

 

[Bobby]

Now this may be BS... they spell "electric" wrong in their name.

 

[xponents]

Now this may be BS... they spell "electric" wrong in their name.

Let me look into this further. Now that you mention it, I think I may have read another "BS" article from this source about a week ago.

 

[Andretex]

Lucid and Hyundai does not make sense.

 

[Rogue]

Let me look into this further. Now that you mention it, I think I may have read another "BS" article from this source about a week ago.

Lucid clearly explains at every event I have been to as it relates to Apple or any other deal that they simply do not give any details whatsoever if there were any, none, or something to be announced for deals, partnerships, etc. Lucid holds it's cards close until done via public announcements.

I would like to see Lucid say something which they certainly would if this was a real thing.

 

[hydbob]

Lucid clearly explains at every event I have been to as it relates to Apple or any other deal that they simply do not give any details whatsoever if there were any, none, or something to be announced for deals, partnerships, etc. Lucid holds it's cards close until done via public announcements.

I would like to see Lucid say something which they certainly would if this was a real thing.

They only would after it's been inked, not before.

 

[Steveinarizona]

Hyundai has an entire subsidiary making electric motors for EVs with similar HP and torque to that of Lucid and currently has several EV models. Whether they are of the same quality as the ones from Lucid is, at least to me, unknown but it seems highly unlikely that Hyundai would abandon its own subsidiary. Probably an AI hallucination.

 

[borski]

It’s not totally crazy, after all they’re both building in KSA: https://www.hyundai.com/worldwide/e...-plant-in-saudi-arabia%09%09%09%09-0000000334

But I wouldn’t place bets on this until it’s confirmed by other sources.

 

[xponents]

It’s not totally crazy, after all they’re both building in KSA: https://www.hyundai.com/worldwide/en/newsroom/detail/pif-and-hyundai-motor-company-sign-joint-venture-agreement-to-establish-new-automotive-manufacturing-plant-in-saudi-arabia%09%09%09%09-0000000334

But I wouldn’t place bets on this until it’s confirmed by other sources.

And also the fact that many Lucid products have been spotted in SK.

 

[Buffalo Bob]

It’s not totally crazy, after all they’re both building in KSA: https://www.hyundai.com/worldwide/en/newsroom/detail/pif-and-hyundai-motor-company-sign-joint-venture-agreement-to-establish-new-automotive-manufacturing-plant-in-saudi-arabia%09%09%09%09-0000000334

But I wouldn’t place bets on this until it’s confirmed by other sources.

I agree with you 100% about not placing bets. Then again, considering how long as the short sellers have been having a field day with LCID, it wouldn't break my heart to see THEIR butt cheeks tighten up for a change!

 

[borski]

I agree with you 100% about not placing bets. Then again, considering how long as the short sellers have been having a field day with LCID, it wouldn't break my heart to see THEIR butt cheeks tighten up for a change!

Oh agreed. We have my DE and a Hyundai Ioniq 5, so I’d love to see this.

 

[xponents]

Oh agreed. We have my DE and a Hyundai Ioniq 5, so I’d love to see this.

Don't forget, the article only mentions Genesis and not Hyundai/Kia. Some rumors state that only Genesis will get their new eM platform, so it does track.

 

[HC_79]

I’m not buying it. Hyundai just recently said they’re all in on EV’s and have been one of the more aggressive players with its EV Models. They have success with the Ionic and EVx series respectfully so it makes no sense that Genesis who is under the Hyundai/Kia umbrella would go rogue and head off to Lucid.

I think any major automaker partnering with Lucid is a pipe dream. They’d probably rather see them die then scoop up the tech in a fire sale. Partnering with them would mean they have wasted billions in engineering only to admit defeat and go elsewhere for a platform. It’s not a good look for management of those companies.

Could be wrong but don’t go betting your house on it!

 

[Buffalo Bob]

Oh agreed. We have my DE and a Hyundai Ioniq 5, so I’d love to see this.

Oh, I wasn't saying it would have to be TRUE to get those butt cheeks tightened up. Given all the questionable negative press they strew about to sow fear, uncertainty and doubt, a taste of their own medicine might be in order.

 

[NoseyReporter]

I'm waiting on the McLaren announcement.

 

[ISOI]

Now this may be BS... they spell "electric" wrong in their name.

It has occurred to me that Lucid could be a buyout target because of their unique battery and motor technology…..

 

[Gravity]

현대차 '제네시스 스포츠카', 루시드社 심장 달까···양사 모터 협력 논의 - 시사저널e

[시사저널e=정용석 기자] 미국 전기차 업체 루시드는 지난해 6월 영국 럭셔리 스포츠카 브랜드 애스턴마틴에 파워트레인, 배터리 관련 기술을 제공하는 업무 제휴를

www.sisajournal-e.com

Hyundai Motor Company's 'Genesis sports car' wins Lucid's heart... Two companies discuss motor cooperation​

Lucid, an American electric vehicle company, signed a business partnership to provide powertrain and battery-related technologies to Aston Martin, a British luxury sports car brand, in June last year. Aston Martin will pay a whopping 300 billion won in stock and cash to Lucid as technology usage fees for three years. This amount is equivalent to 10% of Aston Martin's electrification strategy budget (2 billion pounds). It is assessed that cooperation with Lucid, which has a high-performance twin motor drive system, was essential in order to produce electric vehicles that run at ultra-high speeds.

Meanwhile, Hyundai Motor Company is also known to be interested in Lucid's high-performance electric motor. According to the industry on the 27th, Hyundai Motor Company CEO Jang Jae-hoon reportedly visited Lucid's headquarters in California, USA, early this year.

An industry insider familiar with Hyundai Motors trends said, “President Jang sent a photo taken with Lucid Donckerwolke, Hyundai Motors’ Chief Creative Officer (CCO), and Lucid officials, and reported details of the business trip to Hyundai Motor Group Chairman Chung Eui-sun.” “It was an opportunity to discuss related cooperation,” he said.

As Hyundai Motor Group plans to launch a sports car for its premium brand Genesis, it is interpreted as an attempt to join hands with Lucid to install a high-performance electric motor. Genesis plans to launch all models as electric vehicles by 2025. As it is a premium brand, it is assessed that a high-performance sports car model based on an electric vehicle is also needed.

According to our coverage, Hyundai Motor Company has begun development of the Genesis sports car, including recruiting in-house development personnel. The first open car produced domestically is expected to be produced based on the Genesis X convertible. The launch of the Genesis sports car became a fait accompli as CCO Donckerwolke announced plans for mass production of open-top cars at the Genesis dealer annual meeting held in the United States early last year.

According to the industry, the unit price of electric motors produced by Lucid is around 5 million won per unit. The price is expensive, but the problem is that it takes at least four years from the start of high-performance electric motor development to mass production.

There are rumors that the Genesis sports car will be produced in small quantities in 2026. The analysis is that time is running out to develop a new high-performance electric motor in just two years. Considering the development period for new electric motors, it is evaluated that Hyundai Motor Company's application of Lucid's high-performance electric motors is relatively efficient in terms of time and cost.

The electric vehicle motors produced by Lucid are considered to be one of the most power-dense products in the world. Lucid's Twin Motor Air has stood out in the luxury electric vehicle market, featuring long-distance driving and high-performance specifications. Aston Martin, which has established a cooperative relationship with Lucid, is expected to install Lucid's twin motors in future mass-produced electric vehicles.

It is said that the two companies are currently in the process of coordinating the details of the contract, such as electric motor price and applicable models. However, Hyundai Motor Company stated, “We cannot confirm this.”

The industry believes that there is a high possibility that negotiations will proceed smoothly due to the combination of needs between the two companies. Lucid plans to abandon the 'premium electric vehicle' brand policy that it has maintained so far and introduce an electric vehicle in the $50,000 (KRW 65 million) range as early as 2025, considering the vehicle development cycle (3 years and 6 months).

As competition for low-priced electric vehicles is intensifying due to the electric vehicle chasm (temporary stagnation in demand), it is believed that the market situation is not favorable to only pursue a strategy of selling only high-performance vehicles. If Lucid receives technical cooperation related to Hyundai Motor Company's electric vehicle platform 'E-GMP', the development cycle and costs are expected to be shortened.

Reporter Jeong Yong-seok

 

[NoseyReporter]

First and only post. Who are you, I demand to know.

 

[DeaneG]

By the way, management from one company talking to another is extremely common and means nothing. It could even be an attempt to learn another's trade secrets, and weaknesses. Just talking in generalities here from specific personal experience.