One of the automakers, Lucid Group Inc. ( LCID, Financial ) is engaging in discussions with several other auto brands to expand its presence in the electric vehicle (EV) market. CEO Peter Rawlinson told Bloomberg TV in an interview that this is part of cost sharing and taking advantage of intellectual property to combine with traditional automotive manufacturers to reap the strategic benefits. Rawlinson said there were also talks with a couple of manufacturers, but that it could also assist other vehicle manufacturers in their sustainability goals in return for gaining the benefits of economies of scale through shared components and technology. California-based EV maker Lucid has also started production on its second model, the Lucid Gravity SUV.