Renault Samsung SM3 ZE

Renault Samsung Motors have unveiled the new SM3 Z. at the Daegu International Future Auto Expo in South Korea. Determined to upgrade its electric vehicle range to meet customer demand, and buoyed by the EV expertise it has gained over the past eight years, Groupe Renault is continuing to renew its line-up, the latest example being the new version of the SM3 Z.E. which first appeared in 2013.

The autonomy of the Renault Samsung Motors SM3 Z.E. – the market’s only three-box saloon – has been increased by 57 percent to 213 kilometres based on the Korean type approval cycle.

Battery power has been upped to 36kWh with no increase in weight and, with the average daily trip in South Korea standing at 40 kilometres in 2016 according to a Korean Transportation Safety Authority (KOTSA) report, the new SM3 Z.E. is capable of running for approximately five days on a single charge.

This increase in autonomy and the model’s spacious cabin will permit the SM3 Z.E. to address the strong demand expressed not only by retail customers, but also by state-run fleets and taxi operators. Indeed, 1,200 cars were purchased by South Korea’s Ministry of Health and Welfare last April, while the model is also popular as an EV taxi in Seoul, Daegu and Jeju Island.

Lucid Air Luxury EV 2019

1,000-Horsepower Electric Luxury Sedan

Lucid Motors is one of those companies. Founded in 2007 under its former name, Atieva, the Menlo Park-based company began developing its first electric vehicle in 2014.

The car, called Lucid Air, debuted last year as a 1,000-horsepower electric luxury sedan that Lucid said would rival Tesla's highly successful Model S.

Lucid has 300 employees and is backed by Venrock - the same venture capital firm that led Apple's Series A round in 1978. Lucid also counts China's Beijing Automotive Industry Holding and Japan's Mitsui as investors. Interestingly, Jia Yueting, Faraday Future's only publicly known backer, is also an investor in Lucid.

Lucid invited Business Insider to check out a nearly finished representation of the car at its headquarters in Menlo Park.

Yes, this rolling test-bed is stripped of much of the weight that the finished sedan will carry (this temporary body is made of easy-to-produce and replace carbon fibre panels, not aluminum and steel), but it's also dialled down to half the 1000 horsepower (746kW) the production vehicle will sport from the battery pack integrated into the floor.

Moreover, with an electric motor and active air dampers at each wheel, and all that weight down in the battery lowering the centre of gravity, the car feels remarkably planted.

The Lucid Air may not be ready for production just yet, and given the vagaries of the electric vehicle (EV) startup business. (It costs upwards of US$1 billion for an established company such as General Motors to develop a new car.)

If everything goes to plan and the Air hits the road in 2019 as projected, Lucid claims the six-figure sedan (previous reports have pegged its price at up to US$160,000) will rocket like a supercar from zero to 100km/h in 2.5 seconds, range 640km on a single charge, and sport advanced driving assistance capabilities such as radar, lidar and cameras that will make it ready for autonomous operation - wherein the driver is all but irrelevant. It's the dream that the likes of Tesla and other startups, such as Faraday Future (whose billionaire investor Jia Yueting has also invested in Lucid), are all working towards.