A virtually unknown company aiming to go after Tesla and its Model S is providing a glimpse of its promising luxury sedan.

Founded back in 2007 by former Tesla and Oracle employees, Atieva is a Silicon Valley company that wants to be a part of the EV market with a luxury four-door sedan. In charge of the development team is none other than ex-Tesla VP and Model S Chief Engineer, Peter Rawlinson, while financial support is being provided by China's Beijing Auto, Japan-based Mitsui, and Chinese technology magnate Jia Yueting.

This week, the company has announced a name change to “Lucid Motors” and has also released a series of interesting teasers with its first product aiming to herald a “new era of luxury mobility.”

Codenamed “Atvus,” the car is said to have a beefy powertrain with more than 900 horsepower (671 kilowatts) and a large 87-kWh battery pack providing an estimated 300 miles (482 kilometers) of range. Sources close to the matter are indicating there’s also going to be a more expensive version with an upgraded battery featuring enough juice for as much as 400 miles (644 km).

Production of the model is expected to commence in 2018 and Atieva Lucid Motors has plans to assemble around 20,000 cars in the first year. Further down the line, the EV startup will want to boost annual production to a very optimistic 130,000 units, but obviously only if there’s actually going to be enough demand.

Unsurprisingly, the sedan will have semi-autonomous driving capabilities and will reportedly zap to 60 mph (96 kph) from a standstill in less than three seconds, with some indicating that 2.7 seconds is the target. The hardware will probably be adapted from the Edna, a Mercedes-Benz Vito-based electric van developed by the company with a massive output of around 900 hp (671 kW).

The sedan will reportedly be unveiled before the year’s end and will eventually be followed by a crossover to take on the Tesla Model X and the forthcoming Audi E-tron.

Source: Lucid Motors

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