Bolt and Lucid Plan 25,000 Autonomous Vehicles Across Europe

A federal judge certified a class action lawsuit against Lucid Motors and former CEO Peter Rawlinson over alleged misleading 2022 production forecasts. The class includes shareholders who bought stock between Nov 2021 and Aug 2022. Lucid cut its 2022 production target twice, ending with 7,180 vehicles, far below the initial 20,000 goal. The case moves closer to trial or settlement. Lucid's shares have fallen 99% from their Nov 2021 peak, closing at $3.90 on Monday.

The Trump administration issued new fuel-efficiency rules, lowering the 2031 model-year vehicle requirement to 34.9 mpg from 50.4 mpg. Critics argue this will increase consumer costs and pollution, while supporters claim it will boost the auto industry and lower vehicle prices. The move may impact EV companies like Rivian, Tesla, and Lucid, and California plans to challenge it in court.

Lucid and Bolt plan to deploy 25,000 driverless Lucid vehicles in Europe, though regulatory limits allow only 1,500 registrations per year. Lucid aims to leverage fleet partnerships to boost production, with existing agreements totaling 60,000 vehicles. The partnership focuses on co-developing an 'ADS-ready' vehicle using NVIDIA's Hyperion architecture, targeting SAE Level 4 autonomy. Lucid reported a $1.03 billion net loss in Q2 2026 and highlights robotaxi programs as a strategic priority.

Honeywell Aerospace sued Rivian and Lucid for patent infringement, alleging Rivian's EVs infringe seven aircraft-related patents. Honeywell seeks damages, injunctions, and attorneys' fees. Both cases were filed on the same day, with Honeywell requesting jury trials. Honeywell Aerospace is a publicly traded company listed on Nasdaq as HONA.

Andrew Bailey, former Head of Global Logistics at Lucid Motors, has joined Figure AI as Head of Commercial Logistics. Bailey led a global logistics team at Lucid and was responsible for inventory and profit and loss. Figure AI, a humanoid robot developer, has raised over $1 billion and is deploying robots in various industries. Lucid is cutting costs and inventory under new CEO Silvio Napoli, who took over in June 2026.

Lucid's CFO, Alexander De Bock, praised the robotaxi developed with Nuro and Uber, calling it 'unlike anything else on the road'. Lucid aims to launch the vehicle commercially by late 2026. Uber has committed to purchasing at least 35,000 Lucid robotaxis, with production starting in Q4 2026. Lucid projects over $2 billion in revenue from robotaxi partnerships by late decade.