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Investing.com -- Lucid Group Inc (NASDAQ:LCID) stock rose 2.6% after the electric vehicle maker announced plans to release hands-free driving capabilities through a software update beginning July 30 for Lucid Air owners.
The update to Lucid’s DreamDrive Pro suite will include Hands-Free Drive Assist and Hands-Free Lane Change Assist functions for use on compatible divided highways. Lucid Gravity owners will receive the update later this year, according to the company’s announcement.
DreamDrive Pro, which is offered as an optional upgrade, utilizes a comprehensive sensor system including LiDAR, radar, visible-light cameras, surround-view cameras, and ultrasonic sensors. The system incorporates a total of 32 sensors to enable its autonomous features.
"With our in-house software stack, a comprehensive suite of 32 sensors, and regular OTA updates, we have a roadmap to continue to deliver significantly more functionality to our owners in the future," said Kai Stepper, Vice President of ADAS and AD at Lucid.
The company emphasized that these features are not a replacement for attentive driving and require drivers to remain focused on the road. The system will provide in-vehicle alerts indicating when it can be used on compatible roads, and performance may be affected by visibility, weather and road conditions.
Lucid manufactures its vehicles at a factory in Arizona and has been investing in advancing its Advanced Driver Assistance Systems and autonomous driving capabilities as it competes in the premium electric vehicle market.
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