Sr. Cost Engineer

About the role

At Lucid, we are creating exceptional mobility experiences through innovation to drive the world forward. Built on Lucid’s proprietary technology and software-defined vehicle architecture, our award‑winning vehicles bring our “Compromise Nothing™” approach to the global automotive market. That means refusing to choose between performance and sustainability, design and engineering, ambition and integrity. In Lucid Air and Lucid Gravity, we have designed and built vehicles that have redefined their segments, combining exceptional range, performance, design, and expansive space in a single experience. We achieve this through deep vertical integration, with design, engineering, and production happening in‑house across our global offices and manufacturing facilities. Our teams come from industries around the world, united by a shared commitment to excellence. By refusing to settle, you can help redefine what’s possible and shape the future of mobility. As a Sr. Engineer, Cost Engineering, you will join our high‑caliber Cost Engineering team at Lucid Motors. In this role, you'll leverage your deep expertise in cost modeling to create detailed should‑cost analyses for components and assemblies across our entire product portfolio. This isn't just about crunching numbers – we need someone who can dive deep into manufacturing processes, understand cost drivers, and work collaboratively with cross‑functional teams to identify and capture value. Your analytical rigor and business acumen will directly impact our bottom line and competitive position in the market.

Responsibilities

• Develop Detailed Cost Estimates: Utilize Engineering BoM information, engineering drawings, computer‑aided design (CAD) models, costing systems, and physical parts to generate precise piece price and tooling cost estimates inclusive of product, direct, and indirect costs.
• Teardown and Analysis: Perform or support teardown of complex automotive components to analyze parts and develop a Bill of Materials (BoM). When detailed engineering data is not available, create cost estimates using physical parts and in‑depth process knowledge.
• Value Analysis and Engineering: Support Value Analysis and Value Engineering activities by identifying cost‑saving opportunities within designs and manufacturing processes.
• Supply Chain: Partner with Global Supply Managers (GSMs) to evaluate supplier pricing and cost structures, assess deviations between actual costs and cost estimates, identifying variances, opportunities for negotiation and cost reduction to achieve optimal sourcing outcomes.
• Product Development & Engineering: Partner with engineering teams to utilize cost estimates and cost models to evaluate design choices, assess cost implications, and ensure alignment with budgetary constraints and