Is Lucid Taking a Page out of Rivian's Playbook?
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The automotive industry can be a bit of a copycat industry. When one automaker finds success with a certain strategy, you can bet the competitors across the street take notice. We might be seeing some of that with recent hints that Lucid (NASDAQ: LCID) is in talks with automakers on a potential partnership – perhaps similar to Rivian's (NASDAQ: RIVN) joint venture deal with Volkswagen.Lucid CEO Peter Rawlinson made a comment that the electric vehicle (EV) maker is currently in active talks with "a couple" of automakers about supplying its technology. Lucid's EV technology is highly regarded in the industry, and it's looking to share its tech in exchange for a partner with a more established supply chain and manufacturing operation.It actually wouldn't be the first deal for Lucid, as the company previously agreed to a partnership with luxury British automaker Aston Martin. The partnership calls for Lucid to provide its EV powertrain technology for Aston Martin to develop a new EV platform.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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