American EV startup Lucid (LCID) is beginning preparations to enter the largest EV market globally. Newly hired Zhu Jiang, a former executive at NIO, Ford, and other high-profile automakers, revealed plans Thursday to lead the EV maker’s expansion into China.
Former NIO executive to lead Lucid’s China EV business
According to local news reports, Jiang revealed, “Lucid, a new American car manufacturer, is beginning to prepare for entering the Chinese market.”
Jiang, who previously served as vice president at NIO, led Ford China’s Mustang Mach-E rollout and held positions at BMW and Jidu Auto, will be responsible for Lucid’s EV operations in China.
Lucid’s plans to expand to China were initially revealed in the company’s first earnings call after going public in November 2021. CEO, Peter Rawlinson, said:
We also plan probes in other parts of the world, the Middle East and in China, and this is going to be part of our global expansion plan.
He continued to say that most reservations at the time were in its home market, the US, but “we haven’t even opened up the big market and teacher, which is China.”
A few days later, Rawlingson told CNBC‘s Jim Cramer the EV maker was looking to build a plant in China and the Middle East for a global expansion. Lucid already began hiring in the region, posting over a dozen jobs in China last December.
After producing 2,314 Lucid Air models in the first quarter and delivering 1,406 (+300% YOY), the EV maker is projecting to hit the lower end of its yearly production guidance of around 10,000 units.
Ahead of the full unveiling of its first electric SUV later this year, the Lucid Gravity, the company raised $3 billion last week, with the majority ($1.8 billion) coming from Saudi Arabia’s Public Investment Fund (PIF).
Electrek’s Take
Lucid has been planning to expand into China from the beginning, but hiring someone with experience in the market, like Jiang, is smart.
With experience growing a premium EV startup in China with NIO and launching an American model with Ford’s Mach-E, Jiang has the real-life experience for a successful introduction to the market.
It will be interesting to see how Lucid sells in China. With the Lucid Air Pure starting at $87,400 and its top model, the Saphire selling for $249,000, there isn’t much competition in Lucid’s price range. As leaders from several automakers have pointed out, buyers in China are no longer interested in just brand names or styling. They are more concerned with the new tech, software, and experience.
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But it looks like the design refresh is still a transitional in Tesla’s production as the automaker is still taking orders for the previous version:
For the launch in North America and Europe, Tesla has only added a new “trim” on the Model Y online configurator for a ‘Launch Series New Model Y’, which is the version unveiled in China earlier this month.
But in China, only this new version has been available for sale since the last two weeks.
Tesla estimates that the new version will have 320 miles of EPA range. Compared to 311 miles for the previous Model Y Long Range AWD, the only version of the new Model Y Launch Series available.
Here are all the other changes with the new Model Y compared to the previous version:
Feature
Model Y
New Model Y
Starting Price After Est. Savings
$31,490 Available Now
$46,490 Available Starting March
Trims
Long Range RWD Long Range AWD Performance AWD
Launch Series Long Range AWD
Range
277-337 miles (EPA est.)
303-320 miles (est.)
Seating
First row: power recline and heated Second row: manual fold and heated
First row: power recline, heated and ventilated Second row: power two-way folding and heated
8 exterior cameras (includes a new front-facing camera)
Audio
Long Range RWD: 7 speakers Long Range AWD: 13 speakers, 1 subwoofer Performance AWD: 13 speakers, 1 subwoofer
Launch Series Long Range AWD: 15 speakers, 1 subwoofer
Connectivity
First-generation hardware
Second-generation hardware
Trunk
Power open
Hands-free power open on approach
Interior
Footwell and door pocket ambient lighting Wooden detailing with black interior
Footwell and door pocket ambient lighting Wrap-around ambient lighting Aluminum detailing and premium textiles
Climate
Tinted and laminated safety glass Power-actuated first-row air vents Manual second-row air vents
Tinted and laminated safety glass with metallic infrared reflective coating Power-actuated first- and second-row air vents
For the Launch Series, Tesla is pricing the new Model Y Long Range AWD at $59,999 USD. That’s $12,000 more than the previous Model Y Long Range AWD, which is still available to order.
Specifically for the Launch Series, buyers get a bunch of special badging around the car:
But they also get things called “Premium Textil Trim” and “Vegan Suede for Black Interior”:
Currently, Tesla is only offering the new Model Y in Stealth Grey, Pearl White Multi-Coat, Ultra Red, and Quicksilver, but they are all included in the Launch Series price.
Tesla is talking about the first deliveries of this new version of the Model Y coming in March in North America.
Electrek’s Take
This came sooner than expected, as most expected the launch to be closer to March based on how Tesla launched the Model 3 refresh last year.
But this is also different since Tesla continues to take orders for the previous version.
Tesla was likely worried about the Osborne effect and this strategy of starting with this more expensive version of the Model Y, the Launch Series, is going to help sales of the much cheaper previous version.
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Rivian (RIVN) plans to launch a new Advanced Driver Assistance System (ADAS) this year to enable hands-free driving. The new feature is expected to be similar to Tesla’s Full-Self Driving (FSD). In 2026, Rivian will up the ante with an “eyes-free” system.
Rivian plans hands-free driving in 2025, eyes-free in 2026
At the new Rivian Space opening in San Francisco on Thursday, CEO RJ Scaringe revealed a few exciting developments to look forward to.
According to the folks at RivianForums, Scaringe said during the event that the company plans to launch a hands-free ADAS feature in 2025. Next year, Rivian will follow it up with an “eyes-free” system.
The big question is, will current Rivian R1S and R1T owners gain access? It could depend on whether you drive a Gen 1 or Gen 2 model. All Rivian models built through 2024 are considered Gen 1, while models 2025 and newer are Gen 2.
Rivian introduced the second-generation R1S and R1T last summer. They were “completely reengineered” with hundreds of hardware improvements, fully redesigned software, and more.
The upgrades include its new in-house autonomy system, Rivian Autonomy Platform. It’s powered by 11 cameras, five radars, and predictive AI.
Rivian R1T (left) and R1S (right) electric vehicles (Source: Rivian)
Rivian said the new platform is “10 times more powerful” than the old system. It also features 360-degree visibility with 8X the number of camera pixels than the previous models. Gen 2 models already include features like Blind Spot Monitoring and Highway Assist.
With the premium version, drivers gain access to Lane Change, while Rivian said Enhanced Highway Assist and other features were coming soon.
Rivian R2 electric SUV (Source: Rivian)
Although all Rivian R1S and R1T EVs include OTA updates, some features may require additional hardware or software not included on Gen 1 models.
Rivian hands-free and attention-free autonomous highway driving will be available on the upcoming R2 model. The smaller electric SUV is due out in the first half of 2026, starting at around $45,000.
Electrek’s Take
As a Tesla Model 3 driver, I can tell you that Full-Self Driving (FSD) is fun and can be helpful at times. I’ve used it on longer trips, like through the Blue Ridge Mountains, and it makes driving or sitting in the car a little more enjoyable.
Although the system still requires you to pay attention, it enables the vehicle to drive itself almost anywhere with “minimal driver intervention.”
The new Actually Smart Summon feature is one of my favorites. Through the Tesla app, you can summon your vehicle to come to you in a parking lot. The vehicle will then move around other cars, people, and objects to find you.
Other functions, like Navigate on Autopilot, will take over while the vehicle is on the highway, changing lanes (with turn signals) and braking or accelerating as needed.
For Rivian owners, it would be like an upgraded system from Highway and Lane Change Assist. The “eyes-free” system coming next year will likely have a few regulatory hurdles to pass before it rolls out, so it should be interesting to see what that will consist of. Check back for more info soon. We’ll keep you updated with the latest.
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The United Arab Emirates is building the world’s largest solar and battery storage project that will dispatch clean energy 24/7.
Emirati Renewable energy company Masdar (Abu Dhabi Future Energy Company) and Emirates Water and Electricity Company (EWEC) are developing the trailblazing solar and battery storage project. Once it’s online, will become the largest combined solar and battery energy storage system (BESS) in the world.
Located in Abu Dhabi, the project will feature a 5.2 GW solar PV plant coupled with a 19 gigawatt-hour (GWh) BESS.
His Excellency Dr. Sultan Al Jaber, minister of industry and advanced technology and chairman of Masdar, said:
For decades, the biggest barrier facing renewable energy has been intermittency – to be able to source uninterrupted clean power day and night.
In collaboration with EWEC and our partners, we will develop a renewable energy facility capable of providing clean energy round the clock.
For the first time ever, this will transform renewable energy into a world-leading 1 GW of reliable baseload energy every day on an unprecedented scale – a first step that could become a giant leap for the world.
Masdar announced China’s JA Solar and Jinko Solar, two of the world’s largest solar panel suppliers, and Chinese battery and BESS giant CATL as preferred suppliers. JA Solar and Jinko Solar will supply 2.6 GW of solar panels each. India’s Larsen & Toubro and POWERCHINA have been selected as preferred engineering, procurement, and construction contractors.
Masdar says the project will create 10,000 jobs and doesn’t yet indicate a projected completion date.
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