David Sunderland's questions to Lucid Group Inc (LCID) leadership • Q1 2025
Question
David Sunderland from Baird sought more details on the KAUST partnership, including financial commitments and R&D focus. He also asked if global tariff uncertainty could paradoxically increase interest in Lucid's technology licensing or component manufacturing, given its U.S. base and excess capacity.
Answer
Interim CEO Marc Winterhoff emphasized the significant, asset-light benefits of the KAUST partnership, highlighting access to supercomputing power for AI and ADAS development with minimal financial commitment from Lucid. He confirmed that Lucid is already a component manufacturer for one partner and is open to more, noting that the recent acquisition of Nikola assets provides more optionality and has already led to inbound inquiries for joint manufacturing. CFO Taoufiq Boussaid reiterated the partnership is an asset-light way to accelerate their go-to-market strategy.