Who Owns Lucid Cars?
Lucid Cars is owned by Lucid Motors, an American luxury electric vehicle manufacturer headquartered in Newark, California. Lucid Cars operates as Lucid Motors' primary brand, producing premium electric vehicles including the Lucid Air sedan and Lucid Gravity SUV. Lucid Motors trades on NASDAQ under ticker LCID.
Parent Company
Lucid Motors
Founded
2007
Status
Publicly Traded
Headquarters
Newark, California, USA
Who Owns Lucid Cars?
- Parent Company: Lucid Motors
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: NASDAQ: LCID
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Lucid Cars | Lucid Motors | Wholly owned |
History of Lucid Cars
- Founded: 2007
- Founders: Bernard Tse, Sam Weng
Lucid Motors was founded in 2007 by Bernard Tse and Sam Weng, both former Tesla engineers, under the original name Atieva. The company initially focused on developing electric vehicle battery technology and powertrains for other manufacturers rather than building its own vehicles. Atieva supplied battery technology to Formula E racing teams, establishing its credentials in high-performance electric vehicle technology.
In 2016, the company rebranded as Lucid Motors and announced its intention to produce its own luxury electric vehicles. The same year, Saudi Arabia's Public Investment Fund (PIF) made a significant investment in the company, providing the capital needed to develop and manufacture the Lucid Air. The PIF has since become the majority shareholder in Lucid Motors, holding approximately 60% of the company's shares.
Lucid went public in July 2021 through a merger with Churchill Capital Corp IV, a special purpose acquisition company (SPAC), raising approximately $4.4 billion. The Lucid Air began customer deliveries in late 2021, and the vehicle quickly earned recognition for its exceptional performance, with the Lucid Air Grand Touring achieving an EPA-rated range of 516 miles, the longest range of any electric vehicle tested by the EPA at the time.
The Lucid Gravity, an all-electric luxury SUV, began deliveries in late 2024, expanding the brand's product lineup beyond the Air sedan. Lucid has also announced plans to develop a more affordable midsize vehicle platform to broaden its addressable market beyond the ultra-luxury segment.
About Lucid Motors
Who owns Lucid Motors?
Saudi Arabia's Public Investment Fund (PIF) is Lucid's majority shareholder, holding approximately 60% of the company's shares. PIF has invested approximately $4.5 billion in Lucid since 2018. Lucid is publicly traded on NASDAQ under ticker LCID, with the remaining shares held by public investors.
What vehicles does Lucid make?
Lucid makes the Lucid Air, a full-size luxury electric sedan available in Pure, Touring, Grand Touring, and Sapphire variants, and the Lucid Gravity, a full-size luxury electric SUV with seating for up to seven passengers. The Lucid Air holds the record for the longest range of any production electric vehicle.
Who founded Lucid Motors?
Lucid Motors was founded in 2007 as Atieva by Bernard Tse (a former Tesla vice president) and Sam Weng. The company rebranded as Lucid Motors in 2016 and hired Peter Rawlinson, former chief engineer of the Tesla Model S, as CTO and later CEO.
Where is Lucid Motors headquartered?
Lucid Motors is headquartered in Newark, California, USA. The company's primary manufacturing facility is in Casa Grande, Arizona. Lucid is also building a manufacturing facility in King Abdullah Economic City, Saudi Arabia.
Is Lucid Motors profitable?
As of early 2026, Lucid Motors is not yet profitable. The company has reported significant operating losses as it scales production. Lucid's path to profitability depends on increasing production volumes and reducing manufacturing costs per vehicle.
What is Lucid's range record?
The Lucid Air Grand Touring achieves an EPA-estimated range of 516 miles on a single charge, the longest range of any production electric vehicle. Lucid's exceptional range is attributed to its proprietary electric drivetrain technology, which is among the most energy-efficient in the industry.
- Founded: 2007
- Headquarters: Newark, California, USA
- Company Type: Publicly Traded
- Stock: NASDAQ: LCID
Where Is Lucid Cars Made / Based?
- Headquarters: Newark, California, USA
- Manufacturing / Operations: Arizona, USA, Saudi Arabia (planned)
Lucid Cars Ownership: Pros & Cons
Advantages
- +Advanced electric vehicle technology and innovation
- +Premium luxury positioning and design
- +Exceptional range and performance capabilities
- +Cutting-edge autonomous driving features
- +Commitment to sustainability and zero emissions
- +Strong backing from Saudi Arabia's Public Investment Fund
Considerations
- -High production costs and premium pricing
- -Limited production capacity and vehicle availability
- -Competition from established luxury automakers entering EV market
- -Supply chain challenges for battery production
- -Need to achieve profitability and scale production
- -Dependency on electric vehicle market growth
- -Geopolitical considerations with Saudi Arabia partnership
Frequently Asked Questions About Lucid Cars
Where to Buy
Disclosure: We may earn commission from purchases
Lucid Cars on AmazonCompetitors to Lucid Cars
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Geely | China | 1997 | Mass Market | Asia Pacific | All Genders | |
| Bmw Group | Germany | 1916 | Mass Market | Europe | All Genders | |
| Chery | China | 2021 | Mass Market | Asia Pacific | All Genders | |
| Polestar Company | Sweden | 2017 | Mass Market | Global | All Genders | |
| Rivian | USA | 2009 | Mass Market | North America | All Genders | |
| Volkswagen Group | England | 1919 | Mass Market | Global | All Genders |
Learn More About Competitors
Geely Cars
Owned by Geely Automobile Holdings
Chinese passenger vehicle brand operated by Geely Automobile Holdings (HK: 0175), producing sedans, SUVs, and MPVs for domestic and international markets.
BMW
Owned by BMW Group
German luxury automobile brand known for performance-oriented sedans, SUVs, and electric vehicles.
OMODA
Owned by Chery Automobile
Chinese automobile brand owned by Chery Automobile, designed for international markets with a focus on stylish and affordable vehicles.
Polestar
Owned by Polestar
Swedish electric performance EV brand listed on NASDAQ (PSNY), majority-controlled by Geely Holdings with Volvo Cars as a significant shareholder.
Rivian
Owned by Rivian Automotive
American electric vehicle manufacturer specializing in premium electric trucks and SUVs.
Bentley
Owned by Volkswagen Group
British luxury automobile manufacturer owned by Volkswagen Group, known for handcrafted high-performance vehicles.
Competitive Analysis
Market Positioning: Lucid Cars competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Lucid Motors Stock Information
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