Lucid Motors’s new Lucid Air: a powerful competitor of Tesla

The Lucid Motors was listed on the stock exchange and is preparing to begin sales of its Lucid Air . But let’s take a step back, because probably many of you have never heard of this company that was founded in 2007 and that in 2016 showed its first prototype, the Lucid Air, in fact. It is a large, all-electric luxury sedan, with approximately 1,000 hp, to be produced in Arizona. A car that promises a lot, given that during testing it reached a record speed of 378.2 km / h. Furthermore, Lucid Motor has developed the Formula E batteries together with McLaren. In short, it certainly does not lack know-how, also due to the fact that many of its employees are ex-Tesla.or at least they come from other car brands. Returning to the stock exchange listing, Lucid Motors debuted with a valuation of 24 billion dollars, which is no small feat, considering the fact that among its financiers there is also the sovereign wealth fund of Saudi Arabia. In this regard, CEO Peter Rawlinson said: “We now have the resources to grow and focus on the electric vehicle industry. We plan to expand into new markets and experiment with our technology ». 

Then CEO Rawlinson spoke of the arrival of Lucid Air on the market: «Covid has influenced all workflows. As a company we have worked to minimize delays, but we know that we will not be able to start deliveries in the spring. I recently drove the latest pre-series vehicles built by our team at the brand new plant in Arizona and I’m thrilled with how the car has been assembled. ” “We are continuing to make the final refinements and will start production as soon as possible in the second half of 2021. We are pushing hard to build a truly perfect Lucid Air.” According to Lucid Motors plans, production should reach 22,000 cars by 2022, and then rise to 250,000 units by 2026.

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As for prices, the first version to be produced will be the Lucid Air Dream Edition, whose price list will start at $ 161,500. Then come the more affordable Touring and Pure versions, which will cost $ 87,500 and $ 69,900 respectively. Finally, as for the European market, the deliveries of Lucid Air will not start before 2022 and the prices are still to be defined.

This post is the first published on citytelegraph.com

Published On: March 12, 2021