Lucid Opening New Research and Development Office

[hmp10]

Luxury EV maker Lucid to open research, development office in Southfield, create 262 jobs

The Michigan Strategic Fund voted Tuesday to approve a $6 million performance-based grant, which requires that Lucid create the jobs by June 30, 2027.

finance.yahoo.com

Meanwhile, back at the ranch Apple has decided to terminate the development of the "Apple Car":

Apple’s car project has apparently conked out | Digital Trends

Apple has abandoned its decade-long effort to build an electric car, according to people with knowledge of the matter.

www.digitaltrends.com

 

[no gas]

No Apple car is bullish for Lucid….less competition

 

[idiot900]

I guess Apple realized that the margins on a car can never match what they make on the rest of their products.

 

[joec]

Even if Apple were planning on selling cars (I still think the actual project was about something else) this was never going to be an issue for Lucid. Because it wouldn't have shipped until at least another 10 years from now. By then, Lucid should be well established (or bankrupt).

 

[SaratogaLefty]

Saw something from Apple News about a new Lucid $10 million Engineering Facility in Michigan?? Couldn't read the article; anybody know what this is about?? Maybe they are developing the hardware/software for V2H???

 

[DeaneG]

Saw something from Apple News about a new Lucid $10 million Engineering Facility in Michigan?? Couldn't read the article; anybody know what this is about?? Maybe they are developing the hardware/software for V2H???

I'm sure it's either V2H or Google Maps. Has to be.

 

[no gas]

I'm sure it's either V2H or Google Maps. Has to be.

It’s in Michigan, I’m guessing autonomous driving. With Cruise dismantled, there is a lot of talent out there being wasted.