Lucid Motors Partners with Bolt on Autonomous Vehicle Deployment in Europe
Lucid Group (LCID) has announced a partnership with European shared-mobility platform Bolt to develop an autonomous-vehicle-ready platform and deploy up to 25,000 self-driving Lucid EVs across major European cities. The collaboration aims to position the upcoming midsize vehicle as part of Europe's growing robotaxi market. This development has led to a nearly 6% rise in LCID shares during Thursday’s trading session. Lucid reported Q2 revenue of $405 million, up from last year and exceeding analyst expectations, but it remains unprofitable with an adjusted loss per share of $2.78. The company is undergoing operational resets to reduce costs and improve efficiency under new CEO Silvio Napoli. Lucid has a total liquidity of $3 billion, which the firm claims will fund operations through 2027. The partnership could provide significant scale for Lucid’s autonomous mobility ambitions in Europe at a time when major players like Uber (UBER), Verne, and Pony.ai are also expanding their robotaxi services. The deal may offer investors renewed optimism despite the stock's steep decline this year.
Topics: autonomous vehicles Bolt EVs Lucid Motors robotaxi