NEWARK,
Calif., Jan. 25, 2023 /PRNewswire/ -- Lucid
Group, Inc. (NASDAQ: LCID), setting new standards with the
longest-range, fastest-charging electric car on the market, today
unveiled its groundbreaking new electric drive unit for
motorsports, which can already be found on the race circuit as the
standard front drive unit for the world's leading single-seater
electric racing series.
"With incredible power density of 14.7 hp/kg and immense energy
recuperation, this drive unit will once again transform electric
motorsports, following in the footsteps of our revolutionary
battery pack in prior race seasons," said Peter Rawlinson, CEO and CTO, Lucid Group. "For
Lucid, the transfer of technology between motorsports and road cars
is a two-way symbiosis. This new motorsports drive unit builds
directly upon the groundbreaking powertrain technology developed
in-house by Lucid and proven on the road in every Lucid Air. I'm
excited by the prospect that some of the technical advancements
introduced may in turn make their way to future Lucid road
cars."
Comprising motor, inverter, differential and transmission all
combined, the new motorsports drive unit produces 469 horsepower –
despite a weight of only 70.5 pounds (32 kilos) – and is capable of
a max rotor speed of 19,500 rpm. It features the same
state-of-the-art high-voltage continuous wave winding and
proprietary microjet cooling system that can be found in the motors
powering the Lucid Air sports sedan.
Positioned in the nose cone of every racecar in the current
electric world championship, the new Lucid drive unit provides
regenerative energy recovery from the front wheels under braking,
significantly enhancing the racecar's performance envelope,
efficiency, and relevance to road car advancement.
Just as the motors in the acclaimed Lucid Air sports sedan are
designed, engineered, and produced entirely in-house by Lucid, the
new motorsports front drive unit is completely proprietary. Lucid
drew upon its expertise of e-motor design, power electronics,
computer simulation, and design engineering to create this
cutting-edge drive unit. Each motorsport drive unit is manufactured
to exacting specification in Lucid's headquarters in California.
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by
creating advanced technologies and the most captivating luxury
electric vehicles centered around the human experience. The
company's first car, Lucid Air, is a state-of-the-art luxury sedan
with a California-inspired design
that features luxurious full-size interior space in a mid-size
exterior footprint. The highly anticipated Lucid Air Grand Touring
features 819 horsepower. Deliveries of Lucid Air, which is produced
at Lucid's factory in Casa Grande,
Arizona, are currently underway to U.S., Canadian, and
European customers.
Media Contacts
media@lucidmotors.com
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Forward-Looking Statements
This communication includes "forward-looking statements" within the
meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"shall," "expect," "anticipate," "believe," "seek," "target,"
"continue," "could," "may," "might," "possible," "potential,"
"predict" or other similar expressions that predict or indicate
future events or trends or that are not statements of historical
matters. These forward-looking statements include, but are not
limited to, statements regarding plans and expectations with
respect to Lucid's new electric drive unit for motorsports,
including its specifications and its potential impact, and the
promise of Lucid's technology. These statements are based on
various assumptions, whether or not identified in this
communication, and on the current expectations of Lucid's
management. These forward-looking statements are not intended to
serve as, and must not be relied on by any investor as, a
guarantee, an assurance, or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and may differ from these forward-looking
statements. Many actual events and circumstances are beyond the
control of Lucid. These forward-looking statements are subject to a
number of risks and uncertainties, including those factors
discussed under the heading "Risk Factors" in Part II, Item 1A of
Lucid's Quarterly Report on Form 10-Q for the quarter ended
September 30, 2022, as well as other
documents Lucid has filed or will file with the Securities and
Exchange Commission. If any of these risks materialize or Lucid's
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that Lucid currently does not know or that
Lucid currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Lucid's expectations, plans or forecasts of future events
and views as of the date of this communication. Lucid anticipates
that subsequent events and developments will cause Lucid's
assessments to change. However, while Lucid may elect to update
these forward-looking statements at some point in the future, Lucid
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing Lucid's assessments as of any date subsequent to the
date of this communication. Accordingly, undue reliance should not
be placed upon the forward-looking statements.
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SOURCE Lucid Group