Latest news with #MarcWinterhoff
Yahoo
2 days ago
- Automotive
- Yahoo
Where Will Lucid Group Be in 10 Years?
Lucid's new vehicles will boost sales and profits. The future of Lucid might not e building cars at all. 10 stocks we like better than Lucid Group › The next few years should be pivotal for Lucid Group (NASDAQ: LCID). The company recently onboarded a new CEO, started production on its new Gravity SUV platform, and announced several new vehicles, the first of which is expected to start production in late 2026. But what about the next 10 years? Keeping an eye on the long term is critical for investors. And the decade ahead might hold more surprises than you'd expect. Last week, Lucid opened a new research and development hub in Arizona. The company had previously purchased the facilities from Nikola Corporation, a defunct EV start-up. "These new facilities provide Lucid with immediate and substantial capacity for advanced manufacturing activities, as well as developing product innovations and testing components and systems," a company representative noted. There was a small nugget of surprise in the announcement, however, that had nothing to do with the facilities themselves. "Inside of this building are the first prototypes of a midsize SUV that will be priced under $50,000," one reporter revealed. Lucid's new CEO, Marc Winterhoff, confirmed that the location would be responsible for building the first iterations of these new models, saying that there will be "a pilot line where we build the first vehicles for our midsized platform." These revelations were interesting because they are the first real updates we've gotten about these new models in many months. Lucid began teasing three new mass market vehicles last summer, but updates have been hard to come by. Earlier this year, Lucid's former CEO stressed that these new models will finally allow the company to "compete directly with Tesla." He predicted the company would eventually sell more than 1 million vehicles per year by the early 2030s. But apart from optimistic comments like these, details have been scarce. Recent surveys show that a big majority of Americans are aiming to spend less than $50,000 on their next car purchase. To gain scale and reach profitability, getting these new affordable models to market will be critical for Lucid. We still don't have enough details to be confident in management's production timeline of late 2026. But expect these new models to be the centerpiece of Lucid's growth over the next two to five years. Looking beyond this time frame, however, Lucid's growth may not include selling vehicles at all. Making cars today involves significantly more technology than the past, especially when it comes to software. Complex software architectures are required not only for basic vehicle operation, but also emissions controls, safety features, and self-driving capabilities. Currently, many carmakers outsource much of this software stack to a list of third-party vendors. That adds significant cost and complexity. When Volkswagen agreed to invest $5.8 billion into a joint venture with EV maker Rivian, the focus wasn't making cars, but in using Rivian's unique software stack to streamline Volkswagen's production timelines. As a tech-focused EV maker, Lucid has also developed its own software stack, one that Lucid's management team believes could revolutionize the industry. The company has already begun licensing its technology to other automakers, helping them reduce manufacturing costs and improve vehicle efficiency. Lucid's CEO recently stated that most of Lucid's long-term business should come from tech licensing, not car manufacturing. "I'd love it to be 20-80. Twenty percent doing cars, 80% licensing," he revealed. "Because the vision I have for Lucid is: Just as there's an Intel inside your laptop, there's a Lucid inside a Honda or a Toyota." Making cars today simply provides Lucid with an ability to showcase this technology. And given that software typically has higher profit margins and recurring revenues than car manufacturing, this segment of the business is very promising. A decade from now -- at least if Lucid's management team gets its way -- expect Lucid to be more of a software business than a manufacturer. Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel. The Motley Fool recommends Volkswagen Ag and recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy. Where Will Lucid Group Be in 10 Years? was originally published by The Motley Fool
Yahoo
07-06-2025
- Automotive
- Yahoo
Lucid signs US graphite supply deal for EV batteries
This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. Lucid Group has signed a second agreement with Graphite One for U.S.-sourced materials needed for lithium-ion batteries as the electric car maker seeks to strengthen its domestic supply chain, according to a June 4 press release. The latest agreement will provide Lucid and its battery cell suppliers with natural graphite from the Graphite Creek deposit north of Nome, Alaska, where Graphite One expects to begin production in 2028, per the release. The deal complements a 2024 pact in which Graphite One agreed to provide Lucid and its battery cell suppliers with graphite processed for use in battery anodes, starting in 2028, the release said. The active anode material (AAM) would come from Graphite One's planned plant in Warren, Ohio. Lucid has increased U.S.-based battery-electric-vehicle production as part of its strategy for weathering tariff uncertainty. Executives have highlighted the company's efforts to localize critical supplies, including the transition to Panasonic's Kansas battery facility and the sourcing of domestic graphite through partnerships with Graphite One and Syrah Resources. Beginning next year, Syrah will supply AAM from its production facility in Vidalia, Louisiana, under a three-year deal with Lucid, per the release. "A supply chain of critical materials within the United States drives our nation's economy, increases our independence against outside factors or market dynamics, and supports our efforts to reduce the carbon footprint of our vehicles," Lucid interim CEO Marc Winterhoff said in the release. Establishing supplier networks to build EV batteries has been a trend encompassing both traditional automakers and EV-only makers, such as Lucid. For example, Nissan Motor Corp and SK On signed a battery deal in March. The previous deal between Lucid and Graphite One is a non-binding supply agreement, pending Graphite One's commencement of AAM graphite production at the Ohio facility, according to the Canadian company's annual Management's Discussion and Analysis document, filed in April. The plant is Graphite One's first AAM factory, CEO Anthony Huston told Supply Chain Dive. If successful, the Lucid and Graphite One partnership would establish a U.S. source of graphite materials for EV batteries for the carmaker. However, Hunan Chenyu Fuji New Energy Technology, an AAM manufacturer based in Changsha, China, would play a critical role in supporting the partnership. Graphite One signed a technology licensing agreement and a consulting agreement with Chenyu last October, according to the MD&A document. Chenyu agreed to assist in the design, construction and operation of the Ohio facility. Additionally, Chenyu would receive quarterly royalties for its technology used in AAM manufacturing. Graphite One turned to Chenyu for the technology because it doesn't exist in the U.S., Huston said. 'There's no technology in the United States,' Huston said. 'And the reason why is because we haven't had it [graphite production] for 34 years. Once you stop producing something, you lose the ability to have the know-how, and the understanding, and the actual processing side that surrounds it.' Editor's note: This story has been updated to include comments from Graphite One CEO Anthony Huston Recommended Reading Automotive supply chains can benefit from sourcing alliances. Here's why. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Automotive
- Yahoo
Lucid Just Made a Bold EV Battery Move That Could Outsmart Global Tariffs
Lucid Group (NASDAQ:LCID) just signed its third major graphite supply agreementand it's not just about batteries. It's a calculated move to shield its EV business from rising geopolitical volatility and supply chain fragility. The deal is with Graphite One, a Vancouver-based firm aiming to mine in Alaska and process in Ohio. It builds on Lucid's earlier agreements for synthetic graphite and foreign-sourced material refined in Louisiana. Taken together, these deals could help Lucid tighten its grip on a U.S.-centric battery supply chain, one that's increasingly becoming a strategic moat. Warning! GuruFocus has detected 4 Warning Signs with LCID. We need so much of it, interim CEO Marc Winterhoff told Bloomberg, referring to graphite's critical role in EV batteries. According to Winterhoff, demand certainty is key to making U.S. graphite mines viableand the auto industry might be the one with enough scale to unlock that equation. The company's supply chain realignment began before any new tariff push by Donald Trump, but it now looks especially well-timed. Lucid is expected to showcase the partnership this week at the Alaska Governor's Energy Summit, as battery minerals take center stage in both industrial and policy conversations. Graphite One's CEO Anthony Huston called the agreement a step toward strengthening U.S. industry and national defense, and the market narrative may soon reflect that. As tariffs re-enter the political spotlight and foreign sourcing gets more complex, Lucid's vertical integration strategy could resonate with investors looking for long-term resilience in the EV space. With all eyes on battery input costs and energy security, this isn't just a procurement updateit's a potential signal of where the next competitive advantage in electric vehicles might be built. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Automotive
- Yahoo
Lucid Strengthens US Supply Chain with New Graphite Material Supply Agreement with Graphite One
NEWARK, Calif., June 4, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the signing of a multi-year supply agreement with Graphite One for American-sourced natural graphite, further strengthening the company's supply chain for American raw materials and resources. Following other recent agreements with Syrah Resources and Graphite One, future Lucid vehicles will increasingly utilize natural and high-performance synthetic graphite materials mined and produced at each company's facilities in the United States as a part of directed supply agreements with the company's battery cell suppliers. "A supply chain of critical materials within the United States drives our nation's economy, increases our independence against outside factors or market dynamics, and supports our efforts to reduce the carbon footprint of our vehicles," said Marc Winterhoff, Interim CEO at Lucid. "These partnerships are another example of our commitment to powering American innovation and manufacturing with localized supply chains." Today's multi-year agreement with Graphite One will supply Lucid and its battery cell suppliers with natural graphite, which is expected to begin production in 2028. Graphite One's natural graphite will be sourced from the Graphite Creek deposit north of Nome, Alaska. This agreement builds on last year's announcement with Graphite One to provide Lucid and its battery cell suppliers with synthetic graphite for future vehicles starting in 2028, which will be sourced from Graphite One's proposed active anode material (AAM) facility in Warren, Ohio. "This agreement complements the deal we struck with Lucid in 2024 – which marked the first synthetic graphite agreement between a U.S. graphite developer and a U.S. EV company," said Anthony Huston, CEO at Graphite One. "We made history then – and we're continuing to make history now as we build momentum for our efforts to develop a fully domestic graphite supply chain, to meet market demands and strengthen U.S. industry and national defense." Additionally, beginning in 2026, Syrah Resources will also supply natural graphite AAM to Lucid. Under the agreement, Syrah will collaborate with Lucid or its battery suppliers to purchase the materials over a three-year term. Syrah's natural graphite AAM will be sourced from its vertically integrated AAM production facility in Vidalia, Louisiana. Together, these agreements to source natural and synthetic graphite continue Lucid's focus on strengthening its US-based supply chain and establishing local supply for critical minerals. Graphite, both synthetic and natural, composes a significant amount of the material within Lithium-Ion batteries and is essential for fast-charging performance. About Lucid Group Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The award-winning Lucid Air and new Lucid Gravity deliver best-in-class performance, sophisticated design, expansive interior space and unrivaled energy efficiency. Lucid assembles both vehicles in its state-of-the-art, vertically integrated factory in Arizona. Through its industry-leading technology and innovations, Lucid is advancing the state-of-the-art of EV technology for the benefit of all. Investor Relations Contact investor@ Media Contact media@ Trademarks This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners. Forward-Looking StatementsThis communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations with respect to Lucid's supply agreements with Graphite One and Syrah Resources Limited, including the volumes and sourcing of materials, the potential benefits to Lucid, and Lucid's commitment to strengthening its US-based supply chain. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements. View original content to download multimedia: SOURCE Lucid Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Automotive
- Yahoo
Lucid Just Made a Bold EV Battery Move That Could Outsmart Global Tariffs
Lucid Group (NASDAQ:LCID) just signed its third major graphite supply agreementand it's not just about batteries. It's a calculated move to shield its EV business from rising geopolitical volatility and supply chain fragility. The deal is with Graphite One, a Vancouver-based firm aiming to mine in Alaska and process in Ohio. It builds on Lucid's earlier agreements for synthetic graphite and foreign-sourced material refined in Louisiana. Taken together, these deals could help Lucid tighten its grip on a U.S.-centric battery supply chain, one that's increasingly becoming a strategic moat. Warning! GuruFocus has detected 4 Warning Signs with LCID. We need so much of it, interim CEO Marc Winterhoff told Bloomberg, referring to graphite's critical role in EV batteries. According to Winterhoff, demand certainty is key to making U.S. graphite mines viableand the auto industry might be the one with enough scale to unlock that equation. The company's supply chain realignment began before any new tariff push by Donald Trump, but it now looks especially well-timed. Lucid is expected to showcase the partnership this week at the Alaska Governor's Energy Summit, as battery minerals take center stage in both industrial and policy conversations. Graphite One's CEO Anthony Huston called the agreement a step toward strengthening U.S. industry and national defense, and the market narrative may soon reflect that. As tariffs re-enter the political spotlight and foreign sourcing gets more complex, Lucid's vertical integration strategy could resonate with investors looking for long-term resilience in the EV space. With all eyes on battery input costs and energy security, this isn't just a procurement updateit's a potential signal of where the next competitive advantage in electric vehicles might be built. This article first appeared on GuruFocus.
