LONDON: Lamborghini has revealed details of its electric hypercar concept, Terzo Millennio (Third Millennium).
The concept, developed in collaboration with the Massachusetts Institute of Technology, addresses key areas of electric technology including energy storage, innovative materials, propulsion systems and design.
The Terzo will use electric supercapacitors instead of traditional batteries to give it extra power. More advanced carbon-fiber structures are used in the Terzo Millennio and the body shell will gather energy for storage purposes.
The project also aims to develop a “self-healing” carbon-fiber structure, which contains materials that can repair cracks and other structural damage automatically.
Each wheel will be driven by an integrated electric motor.
Thanks to the four supercapacitors and the lack of an internal combustion engine, the designers have had more freedom when crafting the hypercar.
Lamborghini officials insist that this concept does not mean that Lamborghini is going fully electric or even hybrid, and said that it will continue to produce its cylinder engines.
Lamborghini Terzo Millennio: A visionary electric hypercar
Lamborghini Terzo Millennio: A visionary electric hypercar
Price cuts drive sales of Saudi-owned electric car
- Lucid delivers more vehicles than expected as it prepares to launch luxury new Gravity SUV
RIYADH: The majority Saudi-owned electric car maker Lucid delivered more vehicles than expected in the past three months as price cuts helped boost demand.
The company delivered 2,394 cars from April to June 30, above analysts’ predictions of 1,940.
Lucid produced 3,838 vehicles in the first six months of 2024 and needs to make more than 5,162 cars by end of the year to meet its annual output forecast of 9,000. It made 8,428 cars in 2023.
“I think at this point everything is shaping for them to achieve that,” said Andres Sheppard, senior equity analyst at Cantor Fitzgerald. Lucid will produce and deliver more cars in the second half of the year because of the usual seasonal effects on the industry, he said.
Demand for electric vehicles has grown more slowly than expected pace in the past year, under pressure from high borrowing costs, economic uncertainties and consumer preference for hybrid alternatives.
Lucid and the market leader Tesla have responded by slashing prices and offering incentives such as cheaper financing options. Lucid, which is 60-per-cent owned by the Public Investment Fund, the Kingdom’s sovereign wealth fund, cut the price of its flagship Air model by 10 percent in February.
Its new Gravity SUV model, a rival for Tesla's Model X, goes into production this year and will cost about $80,000.
