Casa Grande, Arizona — Lucid Motors announced on Tuesday that it will begin offering luxury electric sedans with a driving range to beat Tesla, a major challenge for market leaders whose premium model sales are stagnant.
A California-based start-up began production of a postponed Lucid Air vehicle at its Arizona plant on Tuesday. Founded in 2007, the company went public in July through a shell company after being funded by the Saudi Arabia Public Investment Fund in 2018.
Peter Rawlinson, CEO of Lucid Group, who was the director Tesla Model S Development before he left the company in 2012 Tesla Early days, including how to address manufacturing challenges and scale up production.
“I think the big challenge for lucid dreaming is execution,” said Sam Abuelsamide, chief analyst at Guidehouse. Insight.. “I think they have a very good car. It’s very attractive.”
Lucid said on Tuesday that it received more than 13,000 reservations for the Lucid Air model, which starts at $ 77,400. It also said it has increased its planned total production of the top-end Lucid Air Dream Edition to 520 units. The car costs $ 169,000 and will be available in late October, followed by the cheaper models Grand Touring, Touring and AirPure.
The Dream Edition version has received official government ratings for a range of 520 miles (837 km) and offers an additional range of over 100 miles over its closest rival, the Tesla Model S ($ 89,990).
“The unique EV technology developed by Lucido allows us to travel more miles in less distance. battery “Energy.”
Lucid has not yet disclosed the battery capacity of the top-end version of Lucid Air, but the Lucid Air Grand Touring version has an official EPA The 112 kWh battery pack delivers a rating in the 516 mile range, delivering the industry’s highest efficiency of 4.6 mph per kilowatt hour.
Musk said it canceled Tesla’s plans to launch in June Model S Plaid + says it has a target mileage of 520 miles and another version is “very good.”
With Tesla Model S Model X Luxury cars were only 1,890 in the second quarter of this year, down from 22,300 in the same period three years ago. Tesla has not analyzed the numbers for the two high-end models.
“The Model S doesn’t look radically different from the Model S nine years ago,” said Abuelsamid. “In the premium market, customers are looking for the latest and greatest.”
“Lucid’s potential advantage is Air luxury carIt feels much more premium. “
Tesla CEO Eron Musk In October 2020, shortly after Lucid announced the price of the base model, the price of the Model S was reduced. “The gauntlet has been abandoned! The prophecy will be fulfilled,” he tweeted then.
Musk reiterated this month that “production is difficult.”
“Production with positive cash flow is very difficult,” he said, citing the very thin margins of automakers.
Libyan, an electric car maker currently preparing to go public with the support of Amazon.com Inc, earlier this month Electric pickup truck.. The move was ahead of Tesla’s similar expected move. General Motors Co., Ltd. When Ford Motor Co., Ltd. is preparing to release an electric pickup truck.
Production of Lucid Air begins, EV range exceeds Tesla range
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