Finally, Some Good News for Lucid -- but There's a Catch
Key PointsLucid and Bolt are teaming up in Europe to deploy 25,000 Lucid robotaxis over time.
Lucid, an electric vehicle (EV) manufacturer, has faced numerous challenges in recent years, such as production issues, delays, layoffs, and a significant loss of talent. The company's stock price has plummeted, leaving investors feeling disheartened. However, a recent development offers a glimmer of hope. Lucid has partnered with Bolt, Europe's largest shared-mobility platform, to contribute to the deployment of autonomous vehicles (AVs).
Bolt currently has over 200 million customers, 4.5 million drivers and couriers, and operations in 50 countries. Lucid aims to play a crucial role in Bolt's strategy to have 100,000 AVs on its platform by 2035.
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