Report: Base Lucid EV to come with 1,000 hp, 100-kwh battery

Tesla [NSDQ:TSLA] has rewritten the rulebook on what’s possible for a family-sized performance sedan, with its Model S P100D currently able to accelerate from 0-60 mph in a mind boggling 2.4 seconds and pass the quarter mile in 10.6 seconds.

But as more and more companies start to come out with rival offerings, we should see the performance bar moved even higher thanks to all the competition.

Silicon Valley-based Lucid, formerly Atieva, is working on an electric sedan of its own and according to Automotive News (subscription required) the car will come with 1,000 horsepower, a 100-kilowatt-hour battery and a 300-mile estimated range. And this is only the base model. Above this will reportedly sit a version with a 130-kwh battery and 400-mi estimated range.

Both versions should be able to hit 60 mph from rest in well under 3.0 seconds. Lucid has already demonstrated the performance of its powertrain using a Mercedes-Benz van as the test mule. The vehicle was able to hit 60 mph in 2.94 seconds and pass the quarter mile in 11.3 seconds at 117 mph. The sedan should be even quicker, though, as it is expected to weigh around 1,000 pounds less and be more aerodynamic than the Mercedes van-based test mule.

Lucid on Tuesday announced that it has partnered with Samsung SDI to develop its batteries. Samsung SDI is also working with the Volkswagen Group, specifically Audi, on battery development.

Lucid’s batteries will feature cylindrical cell lithium-ion construction and according to the company will exceed current performance benchmarks in areas such as energy density, power, and safety. Chief Technology Officer Peter Rawlinson also mentioned that the life of the batteries will have impressive tolerances to frequent fast charging, which he suggested would be “ideal for ride-sharing services operating around the clock.”

Lucid, which is backed by several major investors including Chinese automaker Beijing Auto, in November announced a production site in Arizona for its plant. The company hopes to have the first cars rolling off the line by late 2018.

Lucid is aiming to sell around 8,000 to 10,000 cars per year initially and to gradually ramp this up to as many as 60,000 annually, Automotive News reports. Those volumes are much lower than Tesla’s targets though this is understandable as Lucid is positioning itself as a high-performance luxury brand.

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