Lucid Unveils Motorsports Electric Drive Unit - Lucid Gr (NASDAQ:LCID)

Lucid Group Inc LCID has unveiled its new electric drive unit for motorsports.
The drive unit is already found on the race circuit as the standard front-drive unit for the single-seater electric racing series.
Comprising motor, inverter, differential and transmission all combined, the new motorsports drive unit produces 469 horsepower.
It weighs only 70.5 pounds (32 kilos) and is capable of a max rotor speed of 19,500 rpm.
Positioned in the nose cone of every racecar in the current electric world championship, the new Lucid drive unit provides regenerative energy recovery from the front wheels under braking.
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This enhances the racecar's performance envelope, efficiency, and relevance to road car advancement.
"With incredible power density of 14.7 hp/kg and immense energy recuperation, this drive unit will once again transform electric motorsports, following in the footsteps of our revolutionary battery pack in prior race seasons," said CEO and CTO Peter Rawlinson.
"This new motorsports drive unit builds directly upon the groundbreaking powertrain technology developed in-house by Lucid and proven on the road in every Lucid Air."
Price Action: LCID shares are trading lower by 1.05% at $8.51 in premarket on the last check Wednesday.
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