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Lucid Group, Inc. is an American electric vehicle manufacturer headquartered in Newark, California. The company was founded in 2007. Deliveries of the Dream Edition launch versions were made available to the first group of 520 reservation holders on October 30, 2021. History Lucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers. Lucid's CEO and CTO, Peter Rawlinson, formerly served as VP of Engineering and Chief Engineer of the Model S at Tesla, Inc., and Vice President Derek Jenkins previously worked as Head of Design at Mazda North American Operations. The company has seen investments from Tsing Capital, Mitsui, Venrock, JAFCO, and others. The company rebranded to Lucid Motors in October 2016 and officially announced its intent to develop an all-electric, high-performance luxury vehicle. On November 29, 2016, state and company officials announced the planned c ...
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Derek Jenkins
Derek Jenkins is an American automobile designer. He is currently the senior vice president of design and brand at Lucid Motors. He is known for his contribution to the design of the Mazda MX-5 (fourth generation) as well as the Lucid Air. Biography Jenkins was born in California. He attended the ArtCenter College of Design, where he received a Bachelor of Science in transportation design. Jenkins spent eight years with Audi, serving first as lead exterior designer, followed by assistant chief designer for Audi Design. He was the principal exterior designer of the A2 concept and production cars, as well as the 2002 Audi A8. Jenkins then spent nine years as the chief designer for Volkswagen North America, where he is credited with several vehicles including the Scirocco concept, Ragster, Microbus concept, VW GX3 and Concept T. Jenkins then became director of design at Mazda North America Operations, where he oversaw all design developments locally and globally. He was the lea ...
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Lucid Air
The Lucid Air is a battery electric car produced and marketed by Lucid Motors. Unveiled in December 2016, it is designed to compete with existing brands in the electric vehicle (EV) industry, in particular the Tesla Model S Plaid, the Fisker Karma, the Porsche Taycan, as well as other brands in the luxury car segment, including Mercedes-Benz, BMW and Audi. The Dream Edition's EPA range is estimated at . The production version was unveiled in September 2020, and Lucid begun production in late 2021. In November 2020, the Lucid Air Pure was announced with of projected range and and a starting price of US$77,400. The announced range of trim levels includes Pure, Touring, Grand Touring, and Dream Edition versions. On September 28, 2021, Lucid Motors announced that production had begun and that deliveries of the top-of-the-line Lucid Air Dream Edition would start in late October 2021, with deliveries of the base Pure model expected in late 2022. Deliveries commenced on October ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Tsinghua Holdings
Tsinghua Holdings Corp., Ltd. is a wholly owned subsidiary of Tsinghua University, itself a public university in China. The company was established as an in-house asset management company for Tsinghua's subsidiaries that were established in the 1990s by the technology transfer of research to business. Company officials Hu Haifeng, the son of then Chinese President and General Secretary of the Communist Party Hu Jintao, was appointed in 2009 as the Party Committee Secretary of Tsinghua Holdings. As of 2017, the Party Committee Secretary of Tsinghua Holdings was Long Dawei (), which also served as the vice-chairman. The current chairman was Xu Jinghong (). Rong Yonglin () was the former chairman of the holding. History Tsinghua Holdings was formally formed in 2003 (though preliminarily tested in 2001) in response to the 2001 policy of separating universities and university-owned enterprises; all the shares of subsidiaries of Tsinghua University were transferred to Tsinghua Holdi ...
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2021–2022 Global Supply Chain Crisis
In 2021, as a consequence of the COVID-19 pandemic, global supply chains and shipments slowed, causing worldwide shortages and affecting consumer patterns. Causes of the economic slowdown included workers becoming sick with COVID-19 as well as mandates and restrictions affecting the availability of staff. In cargo shipping, goods remained at port due to staffing shortages. The related global chip shortage has contributed to the supply chain crisis, specifically in the automobile and electronics sectors. During the Christmas and holiday season of 2021, an increase in spending in North America, combined with the spread of the Omicron variant of COVID-19, further exacerbated already tight supplies. Long tail effects of the supply chain crises are contributing to ongoing food security issues related to the pandemic, including the 2022 food crises. Causes In early 2020, the COVID-19 pandemic initially slowed the global supply chain as manufacturers suspended work until sa ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Tesla Model 3
The Tesla Model 3 is a compact executive sedan that is battery powered and produced by Tesla. Limited production of the Model 3 began in mid-2017, with the first production vehicle rolling off the assembly line on July 7, 2017. The official launch and delivery of the first 30 cars took place on July 28. The base Model 3 delivers an EPA-rated all-electric range of and the Long Range version delivers . According to Tesla, the Model 3 carries full self-driving hardware, with periodic software updates adding functionality. The Model 3 was marketed as being more affordable to more people than previous models by Tesla. Since early 2020, the Model 3 is the bestselling electric car in world history, and, in June 2021, became the first electric car to pass the 1 million global sales milestone. The Model 3 has been the world's top selling plug-in electric car (PEV) for three years running, from 2018 to 2020. It has also been the bestselling PEV in the United States for three ...
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Special-purpose Acquisition Company
A special purpose acquisition company (SPAC; ), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process and the associated regulations thereof. According to the U.S. Securities and Exchange Commission (SEC), SPACs are created specifically to pool funds to finance a future merger or acquisition opportunity within a set timeframe; these opportunities usually have yet to be identified while raising funds. In the United States, SPACs are registered with the SEC and considered publicly-traded companies; the general public may buy their shares on stock exchanges before any merger or acquisition takes place. For this reason they have at times been referred to as the "poor man's private equity funds". The majority of companies pursuing SPACs do so on the Nasdaq or New York Stock Exchange in the United States, althoug ...
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CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk shows, investigative reports, documentaries, infomercials, reality shows, and other programs at all other times. Along with Fox Business and Bloomberg Television, it is one of the three major business news channels. It also operates a website and mobile apps, whereby users can watch the channel via streaming media, and which provide some content that is only accessible to paid subscribers. CNBC content is available on demand on smart speakers including Amazon Echo devices with Amazon Alexa, Google Home and app devices with Google Assistant, and on Apple Siri voice interfaces including iPhones. Many CNBC TV shows are available as podcasts for on-demand listening. Graphics are designed by Sweden-based Magoo 3D studios. CNBC is a divisi ...
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The Verge
''The Verge'' is an American technology news website operated by Vox Media, publishing news, feature stories, guidebooks, product reviews, consumer electronics news, and podcasts. The website launched on November 1, 2011, and uses Vox Media's proprietary multimedia publishing platform Chorus. In 2014, Nilay Patel was named editor-in-chief and Dieter Bohn executive editor; Helen Havlak was named editorial director in 2017. ''The Verge'' won five Webby Awards for the year 2012 including awards for Best Writing (Editorial), Best Podcast for ''The Vergecast'', Best Visual Design, Best Consumer Electronics Site, and Best Mobile News App. History Origins Between March and April 2011, up to nine of ''Engadget''s writers, editors, and product developers, including editor-in-chief Joshua Topolsky, left AOL, the company behind that website, to start a new gadget site. The other departing editors included managing editor Nilay Patel and staffers Paul Miller, Ross Miller, Joann ...
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CleanTechnica
''CleanTechnica'' is a US-based website dedicated to aggregating news in clean technology, sustainable energy, and electric vehicles, with a focus on Tesla. Content CleanTechnica publishes stories on a wide range of topics that are cited by mainstream media such as Business Insider (on Lindsey Graham), Reuters (on nanotech for energy storage), ThinkProgress (on wind power in Texas), ''The Washington Post'' (on suburban living), Forbes (on the Byton M-Byte) and Slate (on mask stockpiling during the COVID-19 pandemic). ''ThinkProgress'' have also published their stories in full. In addition to their own stories CleanTechnica publish interviews with notable individuals within clean technology such as fellow at the Post Carbon Institute Richard Heinberg. In collaboration with the quarterly magazine ''The Beam Magazine'' CleanTechnica publish their stories. Starting in 2015 CleanTechnica have held an annual vote among its readers to select a ''Car of the Year.'' Staff The site d ...
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Casa Grande, Arizona
, settlement_type = City , image_skyline = Casa Grande-Casa Grande Union High School-1920-2.jpg , imagesize = 250px , image_caption = Historic Casa Grande Union High School which now serves as the Casa Grande City Hall. , image_map = Pinal County Arizona Incorporated and Unincorporated areas Casa Grande Highlighted 0410530.svg , mapsize = , map_caption = Location of Casa Grande in Pinal County, Arizona. , image_map1 = , mapsize1 = , map_caption1 = , pushpin_map = USA , pushpin_map_caption = Location in the United States , coordinates = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = County , subdivision_name1 = Arizona , subdivision_name2 = Pinal , established_title = Founded , established_date = 187 ...
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