Part 2/7:
Rollinson's comments indicate that Lucid intends to become a key supplier of technology to established automakers such as Honda and Toyota. This approach positions their electric vehicles as a means to showcase their technological capabilities. However, this shift does not emerge from a position of strength, but rather from a perceived desperation for survival in a rapidly evolving market. Historically, Lucid's business model heavily emphasized car manufacturing, evident in their 2021 investor presentation which outlined their ambitious production and sales targets centered around their luxury sedans and, to a lesser extent, technology supply.