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Image courtesy of Lucid Motors

Lucid Motors is doing its damndest to build interest in its upcoming Lucid Air electric sedan ahead of finally taking the wraps off the thing next week.

Driving the news: The Silicon Valley startup today released new details about the car's drivetrain and performance.

  • A dual-motor edition with up to 1,080 horsepower can cover a quarter-mile in 9.9 seconds, the company said, calling it the only electric sedan with that ability.
  • The electric motors can spin at up to 20,000 rotations per minute. They are part of a 900-plus volt electric drive unit that weighs 163 pounds and can "fit inside a standard airline carry-on roller bag."
  • Each drive unit provides over 650 horsepower, and is smaller and more powerful than the competition, according to Lucid.

The big picture: It's the latest in a burst of announcements about the car, which is slated to launch production at an Arizona factory early next year.

The bottom line: The EV space is getting more crowded, so Lucid has to find ways to stand out — even if that means touting speeds and range that few drivers need.

The intrigue: Lucid said the car's "Wunderbox" charging system is well-equipped for serving as a backup home electricity.

  • "The Wunderbox ... enables a wide array of future-ready, bi-directional power delivery features from the vehicle to the grid (V2G) for situations such as managing home power outages."

Quick take: That's important in California, the country's largest EV market and a place plagued by power outages in recent years.

Go deeper

The workaday path to the electric vehicle era

Illustration: Eniola Odetunde/Axios

The electric vehicle revolution is underway, led by the un-sexiest of plug-in models: the commercial truck.

Why it matters: Growing demand for cleaner trucks means 2021 will be a pivotal year for electric vehicles — just not the kind you might have expected.

Dec 4, 2020 - Economy & Business

What we're driving: 2021 Ford F-150 Powerboost hybrid

2021 Ford F-150. Photo: Ford

This week I'm driving the 2021 Ford F-150 Powerboost hybrid, a surprisingly impressive pickup truck that delivers everything owners want, plus better fuel economy.

The big picture: The hybrid F-150 is no wimpy truck. It can still tow more than 12,000 pounds and carry more than a ton of cargo. But it'll also get you 20% better fuel economy at an EPA-rated 24 mpg, meaning you can go 700 miles between fill-ups.

U.S. economy added 379,000 jobs in February

Data: FRED; Chart: Axios Visuals

The economy added 379,000 jobs in February, while the unemployment rate dropped from 6.3% to 6.2%, the Labor Department said on Friday.

Why it matters: The first Biden-era jobs report shows hiring surged as coronavirus cases eased — though a full recovery remains far off. Economists expected the economy to add roughly 182,000 jobs last month, after adding a paltry 49,000 in January.

This story is breaking news. Please check back for updates.