Lucid, Tesla Competitor, Announced a New 517 Mile Range Sedan | Financial Buzz

Lucid, Tesla Competitor, Announced a New 517 Mile Range Sedan

Tesla, Inc. (NASDAQ: TSLA) has some competition on the horizon. Lucid, an electric vehicle company headed by former Tesla engineer Peter Rawlinson, has revealed that its new and upcoming Lucid Air car is now expected to get an EPA-rated range of more than 500 miles. This is a significantly higher range than other electric cars currently available on the market, including the Tesla Model S Long Range Plus, which comes with an EPA rated range of 402 miles. The company’s first car, the Lucid Air, is a luxury sedan with a California-inspired design underpinned by race-proven technology. 

“I’m delighted that the Lucid Air has been independently verified by FEV to achieve an estimated EPA range of 517 miles, and that this landmark in the history of EV development has been achieved entirely through Lucid’s in-house technology,” said Peter Rawlinson, CEO and CTO of Lucid Motors. “I believe that our 900-volt architecture, our race proven battery packs, miniaturized motors and power electronics, integrated transmission systems, aerodynamics, chassis and thermal systems, software, and overall system efficiency has now reached a stage where it collectively sets a new standard and delivers a host of ‘world’s firsts.’”

This new benchmark range was secured with FEV North America, Inc. in Auburn Hills, Michigan, applying the EPA’s Multicycle Test Procedure (SAE J1634 Oct 2012 Standard) with the standard adjustment factor. FEV is a leading independent, international engineering service provider of vehicle and powertrain development for hardware and software, with service offerings that include range certification. 

“FEV has tested many vehicles across a wide range of consumer and industrial use cases, with electric vehicle development and testing as one of our core competencies,” said Dean Tomazic, CTO, FEV North America, Inc. “We are impressed by the pace of progress in this area, as exemplified by our testing of the Lucid Air, and are proud to play a vital role in the development of e-mobility.”

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