[Lucid Motors – Atieva] American EV startup from California – Taking on Tesla
BAIC and Atieva are closely related. The Beijing Electric Vehicle Corporation (BEVC), a subsidiary of BAIC, is the largest shareholder of Atieva with a 25.3% stake.
Atieva = Advanced Technology In Electronic Vehicle Application
Lucid Motors’ Lucid Air will be priced it at around US$60,000.
|Founded||2007; 12 years ago|
|Founder||Bernard Tse |
Another large shareholder in Atieva is China’s LeTV, which cooperates with BAIC in making electric ‘connected’ cars in China. LeTV’s is also backing Faraday Future, a still somewhat mysterious company that has announced a one-billion dollar factory in Nevada and an electric concept car in January.
Faraday is backed by Chinese billionaire Jia Yeuting, owner of LeTV, a fabulously successful enterprise known as “the Chinese Netflix.” Now, China’s state-owned auto company BAIC says its Beijing Electric Car Company division has bought a majority interest in Atieva, the San Francisco–based operation that says, “We’re redefining what a car can be by building an iconic new vehicle from the ground up. We’re a car company, not a design house. And we’re definitely not a traditional automaker.”