The top spec cars have an output of over 1,000 hp (750 kW).
Lucid car price full#
The full range of models includes Lucid Air Touring, Grand Touring, and Dream Edition versions. In November 2020, The Lucid Air Pure was announced with 406 miles (653 km) of projected range and 480 horsepower (360 kW) and a starting price of US$77,400. Lucid Air production was expected to start in spring 2021. Lucid Air Ī prototype of the Lucid Air fully electric car was unveiled in December 2016. The company initially used a Mercedes Metris van named "Edna", to develop the powertrain. Lucid mainly developed battery technology in its early years, but began development of its first car in 2014. On February 28, 2022, Lucid decreased its 2022 production outlook from 20,000 vehicles to 12,000–14,000 vehicles, citing supply chain issues. Lucid began building its first all-electric Air sedans in Arizona in September 2021 and started delivering them to customers in late October.
The fund will record a profit of nearly US$20 billion from its investment in Lucid in 2018. In July 2021, The Wall Street Journal reported that the Public Investment Fund will own over 60 percent of Lucid when the company goes public. CEO Rawlinson announced Lucid's intention to produce its Project Gravity SUV by 2023, then offer a competitor to Tesla's Model 3 by 2024 or 2025. In February 2021, Lucid Motors announced a deal valued at US$11.75 billion to merge with Churchill Capital Corp IV, a publicly traded special-purpose acquisition company (SPAC). The completed factory (4 phases) will have a combined manufacturing capacity of about 400,000 cars per year. The second-phase construction is ongoing and will increase production capacity from 34,000 to 90,000 vehicles a year. Construction of the plant began in late 2019, the first-phase was completed in December 2020. The investment will fund: the final engineering and testing of the Lucid Air model the first-phase construction of its manufacturing plant in Casa Grande, Arizona the commercial production of the Lucid Air and Lucid's worldwide retail strategy, beginning in North America. The investment was completed in April 2019. On September 17, 2018, Lucid Motors announced that they were in talks with the Public Investment Fund, which is the Saudi Arabian sovereign investment fund, for funding valued at over US$1 billion. The first vehicles began rolling off the assembly line on September 28, 2021. As of November 2016, the company had planned to break ground in 2017, and have cars in production by early 2019. The factory was then to be designed to support a maximum capacity of 380,000 cars per year.
On November 29, 2016, state and company officials announced the planned construction of Lucid's US$700 million manufacturing plant in Casa Grande, Arizona, which was projected to employ up to 2,000 workers by the mid-2020s, initially building 20,000 cars and expanding up to 130,000 cars per year. The company rebranded to Lucid Motors in October 2016 and officially announced its intent to develop an all-electric, high-performance luxury vehicle. The company has seen investments from Tsing Capital, Mitsui, Venrock, JAFCO, and others. Lucid's CEO and CTO, Peter Rawlinson, formerly served as VP of Engineering and Chief Engineer of the Model S at Tesla, Inc., and Vice President Derek Jenkins previously worked as Head of Design at Mazda North American Operations. Lucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers. Lucid Studio at Brickell City Centre, Miami
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