Can Lucid Power Hyundai's Future? A Korean-American Tie-Up Is Reportedly In The Works
Portfolio Pulse from Anan Ashraf
Hyundai Motor Company is reportedly considering a partnership with Lucid Group for high-performance electric motors. Hyundai's CEO visited Lucid's headquarters to discuss cooperation, potentially incorporating Lucid's motors into Hyundai's luxury brand Genesis. Lucid recently partnered with Aston Martin for similar purposes. Despite financial challenges, Lucid has significant liquidity to sustain operations through 2025.
May 30, 2024 | 12:07 pm
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Lucid Group is in talks with Hyundai for a potential partnership to supply high-performance electric motors. This follows a similar deal with Aston Martin, indicating growing interest in Lucid's technology despite its financial challenges.
The potential partnership with Hyundai could provide a significant boost to Lucid's revenue and market presence, especially given Hyundai's global reach. This follows a similar successful partnership with Aston Martin, indicating strong demand for Lucid's technology.
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