- RangeXchange enables a Lucid Air to charge another electric
vehicle (EV) adding between 24 to 40 miles of range per
hour.1
- To enable RangeXchange, Lucid owners simply attach the new
Lucid RangeXchange charging adapter to the charging cable and plug
directly into the receiving car.2 This requires the
latest over-the-air (OTA) update.
- Lucid's groundbreaking bi-directional Wunderbox, combined
with its proprietary software, enables this revolutionary
capability for all Lucid vehicles.
- RangeXchange is the latest example of impactful new features
that are made possible by Lucid's deeply integrated hardware and
software technology.
NEWARK,
Calif., Nov. 9, 2023 /PRNewswire/ -- Lucid Group,
Inc. (NASDAQ: LCID), setting new standards for luxury electric
experience with the Lucid Air, winner of the 2023 World Luxury Car
Award, today announced the introduction of RangeXchange: an
innovative new vehicle-to-vehicle (V2V) adapter, available for
purchase first for U.S. customers, that will enable Lucid Air
owners to directly charge other electric vehicles. This new
capability is enabled by Lucid's bi-directional charging technology
and proprietary software, all of which is already built into every
Lucid Air.
"I'm delighted that Lucid continues to innovate, enabled by our
integrated fusion of software and hardware," said Peter Rawlinson, CEO and CTO of Lucid.
"RangeXchange is a small step to further enhance the everyday
usability of the electric vehicle."
RangeXchange is Lucid's first application of the Wunderbox's
bi-directional charging technology. RangeXchange allows energy to
flow from the Lucid Air's battery pack to charge another EV at a
rate of up to 9.6 kW. The amount of range this adds depends on the
other vehicle's energy efficiency as well as typical environmental
factors. For most EVs currently on the market in the U.S., a charge
rate of 9.6 kW will add 24 to 40 miles per hour.
"Designed and engineered in-house by Lucid, the Wunderbox is far
more than just a piece of hardware that charges the battery pack,"
said Eric Bach, Senior Vice
President of Product and Chief Engineer at Lucid. "From giving
other EVs a boost with RangeXchange today, to possible future
applications like vehicle-to-home backup power, time-of-use (TOU)
optimization, and vehicle-to-grid (V2G) power, Lucid's proprietary
bi-directional charging technology has the potential to greatly
improve our customers' lives."
"RangeXchange is yet another example of the tremendous value we
can provide with an over-the-air software update long after a
customer purchases our car," said Mike
Bell, Senior Vice President of Digital at Lucid. "This
system's approach to the integration of hardware and software is
what allows us to provide these value-add updates and is what sets
Lucid apart in the auto industry."
The RangeXchange feature will first be offered to U.S. owners.
It will require separate purchase of a RangeXchange charging cable
adapter available exclusively from Lucid later this month and will
be enabled by an OTA software update.
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, the Air, is a
state-of-the-art luxury sedan with a California-inspired design. Lucid Air Grand
Touring features an official EPA estimated 516 miles of range.
Assembled at Lucid's factories in Casa
Grande, Arizona, and King Abdullah Economic City (KAEC),
Saudi Arabia, deliveries of Lucid
Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
Media Contacts
media@lucidmotors.com
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including content from any link contained herein, includes
"forward-looking statements" within the meaning of the "safe
harbor" provisions of the United States Private Securities
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identified by the use of words such as "estimate," "plan,"
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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
RangeXchange, including timing of availability and the feature's
capabilities, plans and expectations regarding the Wunderbox
bi-directional charging system and potential future applications,
Lucid's software, plans and expectations regarding Lucid's systems
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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, 2023, 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
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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.
1 Lucid RangeXchange charging cable adapter is
required. Based on American Council for an Energy-Efficient Economy
estimated average EV efficiency of 3.4 miles per kilowatt hour.
2 Lucid RangeXchange charging cable adapter will be
offered for purchase through LucidMotors.com.
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