Financial News
Lucid Motors Ponders Expected Shift to Solid-State Batteries
In the years since it launched, Lucid Motors (NASDAQ: LCID) has made a name for itself as one of the electric vehicle industry’s top innovators. Lucid formally entered the EV market with the Air Sedan, a flagship model that now uses the 2170 cylindrical lithium-ion battery pack famed for its high energy density and efficiency.
The California-based company also developed a proprietary charging unit that uses high-voltage DC fast charging to cut charging times by a significant margin. However, the company’s most well-known technological achievement is solid-state batteries, next-generation EV batteries that use solid rather…
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