Lucid (LCID) confirmed that its new Gravity SUV will provide up to 450 miles of EPA-estimated driving range. Powered by Panasonic’s high-performance EV batteries, Lucid promises the Gravity is “a groundbreaking new class of SUV.” Here’s what you need to know about Lucid’s new EV.
Lucid Gravity SUV will use Panasonic’s new EV batteries
Lucid’s new Gravity Grand Touring model will be powered by Panasonic Energy’s lithium-ion EV battery cells to deliver “a previously impossible combination of outstanding range, performance and interior space.”
The high-performance EV batteries unleash a whopping EPA-estimated range of up to 450 miles. The battery pack is up to 40% smaller, enabling more driving range and interior room. This is also a big step forward in using fewer materials.
Lucid’s new SUV has “the interior space and practicality of a full-size SUV,” including up to 120 cubic feet of cargo space. To put that into perspective, a 2025 Ford Explorer has up to 85.5 cubic feet of total cargo space.
Panasonic’s latest battery cells (2170 cylindrical lithium-ion) offer an energy density of over 800 Wh/L, an “industry-wide achievement.” Lucid’s Gravity electric SUV will be one of the first vehicles to feature the new battery cells at scale.
Lucid Gravity Grand Touring in Aurora Green (Source: Lucid)
The “Lucid Gravity is the first SUV that does not force customers to compromise,” according to CEO Peter Rawlinson.
Lucid worked with Panasonic, specifically designing the cells for maximum range, safety, performance, and longevity.
Lucid Gravity SUV (left) and Air (right) (Source: Lucid)
The milestone is the latest in an evolving partnership that began in 2022. Lucid has secured several multi-year agreements with Panasonic as it aims to establish itself as a true luxury EV maker.
After its fourth straight quarter with record deliveries, Lucid announced on Monday that it delivered 10,241 vehicles in 2024, up 70% from 2023 (6,001).
Lucid Air (left) and Gravity SUV (right) models (Source: Lucid)
Lucid began building Gravity Grand Touring models at its manufacturing plant in Arizona in December 2024. The Grand Touring trim starts at $94,900. Later this year, Lucid will begin producing Gravity Touring models, which will have a starting price of $79,900. The Touring trim will also be powered by Panasonic’s latest EV battery cells.
Panasonic currently produces battery cells in Japan, but it is expected to move production to its new Kansas facility soon.
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The company is “here to finish what we started,” CEO David Ellison told CNBC, upping the ante with a $30-per-share, all-cash offer compared to Netflix’s $27.75-per-share, cash-and-stock offer for WBD’s streaming and studio assets.
Investors were certainly pleased, sending Paramount shares 9% higher and WBD’s stock up 4.4%.
Another development that traders cheered was U.S. President Donald Trump permitting Nvidia to export its more advanced H200 artificial intelligence chips to “approved customers” in China and other countries — so long as some of that money flows back to the U.S. Nvidia shares rose about 2% in extended trading.
Major U.S. indexes, however, fell overnight, as investors awaited the Federal Reserve’s final rate-setting meeting of the year on Wednesday stateside. Markets are expecting a nearly 90% chance of a quarter-point cut, according to the CME FedWatch tool.
Rate-cut hopes have buoyed stocks. “The market action you’ve seen the last one or two weeks is kind of essentially baking in the very high likelihood of a 25 basis point cut,” said Stephen Kolano, chief investment officer at Integrated Partners.
But that means a potential downside is deeper if things don’t go as expected.
“For some very unlikely reason, if they don’t cut, forget it. I think markets are down 2% to 3%,” Kolano added.
In that case, investors will be waiting, impatiently, for the Fed meeting next year — hoping for a more satisfying conclusion.
What you need to know today
And finally…
People walk past the New York Stock Exchange in New York City, U.S., April 4, 2025.
Once restricted to a niche corner of lending to mid-sized firms, private credit has expanded across sectors, borrower sizes and collateral types, prompting large allocators to treat it increasingly as part of the same opportunity set as high-yield bonds and leveraged loans, said experts.
The blending of the two markets raises worries. With more private lenders chasing fewer blockbuster deals, competition is pushing underwriting standards to look more like the looser norms seen in syndicated markets pre-2020, experts warned.
The US solar industry just delivered another huge quarter, installing 11.7 gigawatts (GW) of new capacity in Q3 2025. That makes it the third-largest quarter on record and pushes total solar additions this year past 30 GW – despite the Trump administration’s efforts to kneecap clean energy.
According to the new “US Solar Market Insight Q4 2025” report from Solar Energy Industries Association (SEIA) and Wood Mackenzie, 85% of all new power added to the grid during the first nine months of the Trump administration came from solar and storage. And here’s the twist: Most of that growth – 73% – happened in red states.
Eight of the top 10 states for new installations fall into that category, including Texas, Indiana, Florida, Arizona, Ohio, Utah, Kentucky, and Arkansas. Utah jumped into the top 10 this quarter thanks to two big utility-scale projects totaling more than 1 GW.
But the report also flags major uncertainty ahead. Federal actions, including a July memo from the Department of the Interior (DOI), have slowed or stalled the approvals pipeline for utility-scale solar and storage. Without clarity on permitting timelines, Wood Mackenzie’s long-term utility-scale forecast through 2030 remains basically unchanged from last quarter.
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“This record-setting quarter for solar deployment shows that the market is continuing to turn to solar to meet rising demand,” said Abigail Ross Hopper, SEIA’s president and CEO. She added that strong growth in red states underscores how decisively the market is shifting toward clean energy. “But unless this administration reverses course, the future of clean, affordable, and reliable solar and storage will be frozen by uncertainty, and Americans will continue to see their energy bills go up.”
Two new solar module factories opened this year in Louisiana and South Carolina, adding a combined 4.7 GW of capacity. That brings the total new US module manufacturing capacity added in 2025 to 17.7 GW. With a new wafer facility coming online in Michigan in Q3, the US can now produce every major component of the solar module supply chain.
“We expect 250 GW of solar to be installed from 2025 to 2030,” said Michelle Davis, head of solar research at Wood Mackenzie and lead author of the report. “But the US solar industry has more potential. With rising power demand across the country, solar could do even more if current constraints were eased.”
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The spiritual successor to the beloved Chevy Geo Tracker, production of the new-for-2026 electric Spark EUV has officially begun in Brazil with more than 200 miles of range.
That’s right, kids. To know the Chevy Tracker is to love the Chevy Tracker. The tiny, top-heavy Suzuki-based SUV combined bold colors, fun styling, (relatively) good fuel economy, and real off-road chops (especially in ZR2 trim) with an affordable price tag to make the Tracker an early favorite among the serious rock-crawling crowds.
GM Brazil invested the equivalent of $73 million to get the PACE factory ready to assemble GM’s modern, zero-emissions Chevy crossover for the South American and Middle Eastern markets – an investment big enough to earn a visit from Brazilian president Luiz Inácio Lula da Silva, who was on-hand for the December 3rd kickoff event.
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“It’s not a car factory,” said Comexport Vice President and PACE shareholder, Rodrigo Teixeir. “(The) goal is to develop technology there, not simply assemble a vehicle.”
Production of the new Spark EUV began last week, with production of the equally new Chevy Captiva EV set to begin as early as Q1 of 2026.
2026 Chevy Spark EUV
The Made in Brazil Chevrolet Spark EUV is heavily based on the Chinese Baojun, and is powered by that vehicle’s single 75 kW (101 hp), 180 Nm (130 lb-ft) motor driving the front wheels. Power comes from the Baojun’s 42 kWh LFP battery that, with regenerative braking, is good for up to 360 km (220 miles) on the NEDC driving cycle.
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