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3,493 Vehicles Produced in Q4, up 53 Percent Sequentially 7,180 Vehicles Produced in 2022, Exceeding Guidance of 6,000-7,000 Vehicles Set to Report Fourth Quarter Financial Results on Wednesday, February 22, 2023 NEWARK, CA — January 12, 2023 — Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced production and delivery totals for the quarter ended December 31, 2022. The company produced 3,493 vehicles during Q4 at its manufacturing facility in Arizona and delivered 1,932 vehicles during the same period.* On a full-year basis, the company produced 7,180 vehicles, exceeding provided guidance range of 6,000-7,000 vehicles, and delivered 4,369...

Lucid Air arrives in Europe with first deliveries to customers in Germany and the Netherlands. The limited-run Lucid Air Dream Edition receives official Worldwide Harmonized Light Vehicles Test Procedure (WLTP) driving range of 883 km.1 This makes the Lucid Air the longest-range electric vehicle in the European market. AMSTERDAM – December 21, 2022 – Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced that it has begun deliveries of Lucid Air in Europe, with the first customers in Germany and the Netherlands. Lucid Air launches in Europe with the limited-production Dream Edition. It is available in two distinct versions, optimized to highlight...

Lucid Group, Inc., setting new standards with the longest-range, fastest-charging electric car on the market, today announced its third retail location in Europe – and first service, delivery and sales center – will open on 16 December in Hilversum, Netherlands, just outside of Amsterdam. The opening occurs one week after Lucid’s first vehicle, Lucid Air, earned the highest possible rating of five stars in the rigorous Euro NCAP crash testing process. First Retail Location in The Netherlands Lucid Motors, with its European headquarters based in Amsterdam, Netherlands, is actively expanding its physical presence in the region by opening its third retail location and first service, delivery, and sales center in Europe, located in...

Lucid Air Touring and Air Pure Now Ready for the Road with Market-Leading Range and Aero; Air Sapphire Dominates Test Tracks on the Way to 2023 Introduction Lucid Air Touring begins customer deliveries, features 620-horsepower dual-motor all-wheel-drive powertrain, 0-60 mph in 3.4 seconds, and an EPA-estimated 425 miles of range. It is Lucid’s most efficient model yet, delivering 4.62 miles per kilowatt hour. Lucid Air Pure all-wheel drive arrives this year, with 0-60 mph in 3.8 seconds, and an EPA-estimated 410 miles of range. Rear-wheel drive Lucid Air Pure coming in 2023. Air Touring and Air Pure are the latest additions to the Air model line, which already includes the groundbreaking Air Grand Touring and Air Grand Touring...

Luxury electric vehicle maker Lucid Group on Tuesday revealed several new versions of its Air sedan. The company said the Lucid Air Pure will start at $87,400, its lowest-cost model yet. Luxury electric vehicle maker Lucid Group on Tuesday revealed several new versions of its Air sedan – including its lowest-cost model yet. CEO Peter Rawlinson said in an interview with CNBC’s Phil LeBeau the Lucid Air Pure will start at $87,400. An all-wheel drive version with 410 miles of range will ship by the end of this year, and a rear-wheel drive version will arrive in 2023. The company also announced the Lucid Air Touring, with all-wheel drive, 620 horsepower and an EPA-estimated 425 miles of range. Lucid said the Touring is its “most...

Lucid and Nikola said in regulatory filings that they will issue new shares to raise cash as the EV industry faces sharply rising costs for battery minerals. Electric vehicle makers Lucid Group and Nikola are moving to raise additional funds. Nikola said in an SEC filing that it will raise up to $400 million via an “at-the-market” stock offering. Lucid filed a shelf registration giving it the right to issue up to $8 billion in new stock over the next three years. Electric vehicle makers Lucid Group and Nikola are moving to raise additional funds, as both companies aim to boost production amid sharply rising battery costs and new federal regulations that limit incentives for EV buyers. Nikola said in a regulatory filing Tuesday...

Introducing the Sapphire brand from Lucid, with the Lucid Air Sapphire, the world’s first luxury electric super-sports sedan Lucid Air Sapphire features three motors, carbon-ceramic brakes, aerodynamic package, new sport seats, and track-tuned suspension for a sublime driver-focused sporting experience Sub-two seconds 0-60 mph, sub-four seconds 0-100 mph, sub-nine seconds quarter mile, and top speed exceeding 200 mph Production begins in first half of 2023 Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today introduced Sapphire, Lucid’s new ultra-high-performance brand, led by the new Lucid Air Sapphire – the world’s first...

Lucid Motors cut its 2022 production forecast in half to between 6,000 and 7,000 units of the Air executive sedan after delivering just 679 vehicles in the second quarter. Revenue was $97.3 million and cash on hand was $4.6 billion. EV maker Lucid halves 2022 production forecast as supply chain snarls hit Aug 3 (Reuters) - Lucid Group (LCID.O) on Wednesday halved its production forecast for electric vehicles, blaming extraordinary supply chain and logistics challenges, sending its shares down 10% after the bell. The company now expects to produce between 6,000 and 7,000 luxury electric vehicles this year, down from 12,000 to 14,000 units it targeted in February. However, the company said it had 37,000 reservations for its vehicles...