Once batteries are returned to Lucid, the company would need to harvest the modules from the packs and run a quality check on them. Automakers like General Motors, Ford Motor, and Audi AG have already initiated second-life pilot projects aimed at extracting that remaining value.īach explained the company will likely retrieve batteries used in Lucid EVs after they reach the end of their useful life through its dedicated service centers or when customers trade in their vehicles. While Lucid CEO and CTO Peter Rawlinson has previously discussed plans to eventually build energy storage systems like Tesla that uses new batteries, this is the first time the company has talked about second-life applications for the product.īatteries typically retain a charging capacity of around 70% once they’re removed from EVs, which means they potentially have another decade of useful life. The batteries in that system are new, but there is “no technical limitation” that would prevent Lucid from swapping them out with used batteries, Bach said. The company has already constructed a prototype of a 300-kilowatt hour stationary battery storage system at its engineering lab, Lucid’s Chief Engineer and Senior VP of Product Eric Bach told TechCrunch. The battery-cell modules that power Lucid’s vehicles are identical to the ones that will be used for energy storage, making them well-suited for “second-life” purposes, according to the company.
#LUCID MOTOR STOCK HOW TO#
While Lucid is still years from having to contend with a large number of used batteries - its first EV, the luxury Lucid Air sedan, isn’t coming to market until the second half of 2021 - the company is already planning how to give them a second life them in a yet-to-be-launched energy storage business. The company, which is already experimenting with energy storage systems for commercial and residential customers, is also eyeing ways to repurpose batteries from its electric vehicles. Inc.Lucid Motors has designed the battery packs in its luxury electric vehicle for two lives. (NYSE:DD) Shares Sold by Oppenheimer & Co. Buys 625 Shares of Tractor Supply (NASDAQ:TSCO) (NYSE:DLR) Stock Holdings Raised by Oppenheimer & Co. (NYSE:TM) Position Trimmed by US Bancorp DE US Bancorp DE Sells 1,328 Shares of CDW Co.Buys 29,208 Shares of ProShares Short Russell2000 (NYSEARCA:RWM) Boosts Position in Lamb Weston Holdings, Inc. State of Tennessee Treasury Department Sells 1,122 Shares of DENTSPLY SIRONA Inc.Buys 10,386 Shares of iShares Core MSCI EAFE ETF (BATS:IEFA) Equity Buffer ETF – November (NYSEARCA:FNOV) Acquires Shares of 78,046 FT Cboe Vest U.S. Has $2.92 Million Stake in Vanguard Energy ETF (NYSEARCA:VDE) Has $2.81 Million Stake in Southwestern Energy (NYSE:SWN)
iShares Biotechnology ETF (NASDAQ:IBB) Stock Holdings Trimmed by Oppenheimer & Co.Boosts Stock Holdings in PACCAR Inc (NASDAQ:PCAR) (NYSE:VNT) Shares Sold by Oppenheimer & Co. Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Oppenheimer & Co.Sells 4,359 Shares of Zimmer Biomet Holdings, Inc.
#LUCID MOTOR STOCK FREE#
Receive News & Ratings for Lucid Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lucid Group and related companies with 's FREE daily email newsletter. was founded in 2007 and is headquartered in Newark, California. As of December 31, 2021, it operates twenty retail studios in the United States. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. a technology and automotive company, develops electric vehicle (EV) technologies. Lucid Group competitors beat Lucid Group on 7 of the 13 factors compared. Lucid Group is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Lucid Group’s competitors have higher revenue and earnings than Lucid Group.
0 kommentar(er)
