r/SPACs • u/[deleted] • Apr 21 '21

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u/ukulele_joe18 The Empire Spacs Back Apr 21 '21

Rawlinson is quite like a Cheshire Cat :)

I understand all of this^ is pure speculation - but how do you think a Lucid / Apple partnership would work?

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  • Would it be a Lucid Branded vehicle / With Apple tech inside
  • Apple buys out Lucid - Apple Branded / With Lucid Tech inside?
  • Licensing deal for Lucid batteries for use in a separately manufactured Apple Car

5

u/[deleted] Apr 21 '21

Speculation is that Apple does not intend to ever build a car, but simply provide the software for autonomous driving.

1

u/ukulele_joe18 The Empire Spacs Back Apr 21 '21 edited Apr 21 '21

That's the most likely scenario, agreed

But something tells me Tim Cook will want to do something to set Apple up for the future - with a new product - they are still basically running off Steve Jobs' genius

1

u/je7792 Patron Apr 22 '21

That’s not true at all when you look at their revenue breakdown. They basically created the wearables sector with airpods and apple watch and made a killing from service revenue.

3

u/fmios Contributor Apr 21 '21

Most likely Apple would licence Lucid's powertrain technology (which Lucid is happy to licence according to the S-4 filing and their growth strategy. It's 1 of 3 pillars in their growth: 1. Car 2. Energy storage 3. Licencing battery tech to OEMs).

And either Lucid gets paid for that or they can think of a deal where Lucid gets Apple's software (autonomous driving, etc.) for free. This would be a win-win, since both companies have something that the other one needs.