Environment
Lucid (LCID) CEO praises Chinese EVs, but claims it has an edge where it matters most
Following a recent trip to China, Lucid’s (LCID) interim CEO, Marc Winterhoff, was impressed with the progress the industry has made over the past few years. Despite the advancements, Winterhoff still believes Lucid has Chinese EVs beat where it matters most.
Lucid believes it has Chinese EVs beat
During an interview on Monday with Fox Business, Lucid’s CEO was asked, “Do you think about the Chinese and look at them and say I want to test in one of those?”
Winterhoff said he was in China not too long ago at the Shanghai Auto Show and was “impressed with how much they’ve come of age in the past few years” since the last time he was there. However, after test-driving a few of them, Winterhoff wasn’t too thrilled.
According to Winterhoff, “We at Lucid definitely still have an edge when it comes to ride comfort and driving dynamics.”
Lucid’s CEO added that “we’re still on a different planet there,” warning the US needs to continue innovating to keep pace. The interview follows Lucid and Uber’s partnership to deploy 20,000 electric robotaxis over the next six years using Nuro’s L4 self-driving technology.
Lucid also secured a $300 million investment from Uber, which Winterhoff said was “a vote of confidence” in the company.
Lucid is coming off its sixth straight quarter with record deliveries. With the delivery of another 3,309 vehicles in Q2, Lucid’s total deliveries reached nearly 6,500 in the first half of 2025.
Production is also picking up at its Casa Grande, Arizona, manufacturing plant (AMP-1). Lucid reaffirmed its plans to build 20,000 vehicles this year, more than double the roughly 9,000 vehicles it built last year. In the first half of the year, Lucid produced 6,075 vehicles.
When asked if the numbers will improve in the second half of the year, Winterhoff said, “Yes, absolutely.” Lucid expects deliveries and production to be “drastically higher” after overcoming initial hurdles with the Gravity SUV.
Lucid’s CEO said that about 50% of new buyers were former Tesla owners. He said buyers were looking for something new with better technology, as Tesla hadn’t changed much.
Winterhoff explained that Lucid’s proposed reverse stock split is designed to attract long-term investors. It’s more of a technical move to reduce volatility rather than a fear of being delisted.
Earlier today, Lucid introduced the 2026 Air EV lineup and announced owners will gain full access to Tesla’s Supercharger network, starting July 31.
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