NEWEST Rumored Lucid Partnership - $600M+ in Additional Revenue ⚠️
Overall Thesis
A rumored Lucid-Hyundai technology partnership could generate $600M+ in additional revenue, following the same pattern as the Aston Martin deal and potentially involving not just cash but a production partnership where Hyundai manufactures Lucid vehicles in exchange for drivetrain technology.
Narratives
An article (translated from Korean) reports Hyundai's Genesis sports car division is in discussions with Lucid for motor/technology cooperation. The speaker believes a deal could involve both cash (likely more than the $300M Aston Martin deal) and a production partnership. Lucid's South Korea hiring (now filled) and Ford's repeated testing of the Lucid Air suggest multiple OEM interest points. Based on the historical 6-8 month lag from rumor to announcement, a deal could come September-October 2024.
Key Arguments
- Korean article reports Hyundai/Genesis in talks with Lucid for EV drivetrain technology cooperation
- Lucid hired significantly in South Korea — positions now filled, suggesting active project work
- Deal could be $600M+ given Hyundai produces far more vehicles than Aston Martin ($300M deal)
- Could involve production partnership where Hyundai manufactures Lucid vehicles in exchange for technology
- Historical 6-8 month lag from rumor to announcement (Aston Martin: Feb 2023 rumor → Aug 2023 announcement) implies September-October 2024 announcement window