Lucid announces midsize EV platform, says profitability lies with SUVs

Lucid announced a new midsize EV platform designed to deliver electric SUVs starting below $50,000, featuring three models—Earth, Cosmos, and an unnamed off-road variant—as a path to profitability. The platform includes a new Atlas drive unit with 30% fewer parts and 37% cheaper materials, targeting up to 4.5 miles/kWh efficiency with an 800V battery pack.