Electric Automaker Lucid Group Unveils the Lower Priced Air Pure and Air Touring Models

Luxury electric automaker Lucid Group unveiled two lower priced versions of its Lucid Air sedan, the Air Pure and Air Touring. The Air Touring features a 620-horsepower dual-motor all wheel-drive electric powertrain with a 0-60 mph acceleration time of 3.4 seconds. It has an EPA estimated range of 425 miles, which edges out the 405-mile range of the dual-motor all-wheel-drive Tesla Model S.

FutureCar Staff 2022-11-15 09:30 PT

Lucid Launches New Performance Brand ‘Sapphire’ with a 1,200 Horsepower, Tri-Motor Version of the Lucid Air Sedan

​Luxury electric automaker Lucid Group has launched a new ultra-high performance brand named Sapphire with the unveiling of a sport-focused, yet luxurious tri-motor version of the Lucid Air sedan dubbed the Sapphire. The 1,200 horsepower Lucid Air Sapphire made its public debut at the Quail Lodge as part of Monterey Car Week in California. Additional Sapphire models will be available for all of Lucid's EVs moving forward, including for the company’s upcoming SUV.

Eric Walz2022-09-25 11:15 PT

Lucid Group Hires Key Executives that Formerly Worked for Mercedes-Benz and Tesla as it Prepares for Global Expansion and Production Ramp Up

Luxury-electric automaker Lucid Group announced the appointments of Evelyn Chiang as VP of Process Transformation and Walter Ludwig as its VP of Global Logistics as it aims to ramp up production. The two executives bring a wealth of global expertise and decades of operational excellence from companies including Mercedes-Benz and Tesla.

FutureCar Staff 2022-08-28 09:15 PT

Luxury Electric Automaker Lucid Group to Receive $3.4 Billion in Incentives to Build its Second EV Factory in Saudi Arabia

​Luxury electric vehicle maker Lucid Group, Inc. announced a ceremonial signing event with the Ministry of Investment of Saudi Arabia, the Saudi Industrial Development Fund, Emaar, The Economic City, at King Abdullah Economic City and Gulf International Bank for the construction of Lucid’s second electric vehicle factory in Saudi Arabia.

Eric Walz2022-06-24 14:00 PT

Lucid Group Reports its Q1 Earnings and Deliveries, the Company is Also Hiking Prices on June 1

​Luxury electric car maker Lucid Group, Inc. announced financial results for its first quarter ended March 31, 2022. The results suggest that Lucid will face an uphill battle to reach its delivery goals in 2022 as the company deals with supply chain issues and the rising costs of raw materials. Lucid reported Q1 revenue of $57.7 million and deliveries of just 360 vehicles to customers in the first quarter.

Eric Walz2022-06-11 15:15 PT

Lucid Group Announces the Opening of its Newest 'Lucid Studio' in Boston, its 25th Location in North America

​Luxury electric automaker Lucid Group announced the opening of its 25th North American Lucid Studio in the Seaport District of Boston. The Lucid Studio Seaport will officially open to the public on Saturday, April 16. Following the opening of the Boston location this week, Lucid will soon open its 26th Studio location later this spring at the luxury Gate at Manhasset shopping mall in Long Island, NY.

FutureCar Staff 2022-05-22 11:00 PT

Lucid Announces New Lucid Air ‘Grand Touring Performance’ Model with 1,050 Horsepower

​Luxury-performance electric automaker Lucid Group announced today that the first deliveries of the Lucid Air Grand Touring models have begun. To coincide with launch, Lucid announced a brand new version of its Air sedan called Lucid Air Grand Touring Performance. The dual-motor Lucid Air Grand Touring Performance delivers 1,050 horsepower with an EPA-estimated driving range of 446 miles.

FutureCar Staff 2022-05-19 10:00 PT

Lucid Group Issues its First Recall for Front Suspension Issue on the Electric Air Sedan

California-based luxury electric automaker Lucid Group is issuing its first recall to inspect the front suspension on roughly 200 Lucid Air sedans. The recall is to inspect a part of the Air’s front strut dampers, which may have been improperly installed due to an error by a supplier, Lucid said in an email to Air sedan customers.

FutureCar Staff 2022-03-31 12:55 PT

Electric Automaker Lucid Group Opens its 21st U.S. Studio Location in Southern California

Luxury-electric vehicle startup Lucid Group​ announced the official opening of its newest Studio location at the Fashion Island shopping center in Newport Beach, CA. The location is Lucid’s 21st Lucid Studio in the U.S. Each serves as a showroom for the Lucid Air sedan, as well as a space where customers can learn more about the company's advanced electric powertrain technology.

FutureCar Staff 2022-03-05 13:30 PT

Lucid Group Announces a Proposed $1.75 Billion Convertible Senior Notes Offering

​Luxury electric carmaker Lucid Group, Inc. announced on Wednesday its intention to offer $1,750,000,000 aggregate principal amount of convertible senior notes due 2026 in a private offering to qualified institutional buyers. The notes will be senior, unsecured obligations of Lucid, will accrue interest payable semi-annually in arrears, and will mature on Dec 15, 2026, unless redeemed or converted.

FutureCar Staff 2022-01-15 11:45 PT

Lucid Group Announces Bank of America as its Preferred Lender to Support the Ownership Experience

Lucid Group announced on Monday a preferred lending partnership with Bank of America. Customers can now apply for financing directly through Bank of America online or use Lucid’s dedicated concierge service when ordering a Lucid Air. The Lucid Air sedan priced well over the budget of most car buyers, so the lending partnership with Bank of America may help the company to sell more vehicles.

FutureCar Staff 2022-01-12 15:00 PT

Lucid Group Appoints 3 Industry Veterans to Key Roles in Engineering, Sales, as the Company Prepares for Growth

Lucid Group continues to round out its leadership team to bolster its engineering expertise and prepare for its growth. The company announced on Thursday the appointment of Ralph Jakobs as Vice President of Program Management, Zak Edson as Vice President of Sales and Service and Dr. Emad Dlala as Vice President of Powertrain. Each brings a wealth of expertise from automotive and high-tech companies, including Volkswagen Group and Tesla.

Eric Walz2022-01-08 14:45 PT

Lucid to Open its First Washington DC Metro Area Studio This Weekend

Newly listed electric automaker Lucid Group will open its third east coast Studio in the Washington DC Metro Area Saturday Nov 6. The Studio is located in the Tysons Corner Center shopping mall, which is the seventh largest mall in the U.S. The new Washington DC location follows the opening of the Lucid Studio in Florida and most recently in New York City.

FutureCar Staff 2021-12-12 08:45 PT