Lucid Begins Deliveries Of Lucid Air Dream Version To Clients In Europe, Confirms Official WLTP Driving Vary Of Up To 883km

Lucid Group, Inc. (NASDAQ: LCID), setting new requirements with the longest-range, fastest-charging electrical automotive available on the market, at present introduced that it has begun deliveries of Lucid Air in Europe, with the primary clients in Germany and the Netherlands.

Lucid Air launches in Europe with the limited-production Dream Version. It’s accessible in two distinct variations, optimized to spotlight completely different aspects of this distinctive electrical luxurious sedan.

• Dream Version Efficiency options two motors producing a mixed 828 kW (1,111 horsepower) and an all-electric driving vary of 799 km on the WLTP mixed cycle. It could actually speed up from 0 to 100 km/h in 2.5 seconds.
• Dream Version Vary embodies Lucid’s exacting deal with effectivity, with an industry-leading electrical driving vary of as much as 883 km on the WLTP mixed cycle. Dream Version Vary can be powered by two motors, producing 696 kW (933 horsepower).

Lucid can be an {industry} chief when it comes to charging, with 900V+ electrical structure for Air Dream Version and Air Grand Touring. When utilizing a DC quick charger able to 300+ kW, Lucid Air Grand Touring can add 400 km of vary in roughly quarter-hour, making it a perfect car for journey in Europe.

European Retail Growth
Lucid Motors, with its European headquarters based mostly in Amsterdam is actively increasing its bodily presence within the area. It lately opened its third retail location and first mixed service, supply, and gross sales middle in Europe, positioned in Hilversum, the Netherlands, exterior of Amsterdam. This follows Studio openings earlier this 12 months in Geneva, Switzerland and Munich, Germany. Additional growth in Europe is deliberate sooner or later.

Lucid presently accepts reservations from European clients for all trim degree of Lucid Air. By putting a totally refundable reservation beginning at €300 EUR, clients in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Monaco, the Netherlands, Norway, Spain, Sweden, Switzerland, and the UK can safe their place in line for Lucid Air Pure, Touring, and Grand Touring fashions when deliveries start of their respective nations.

¹ WLTP figures are based mostly on testing the car with commonplace, manufacturing unit match, gear. The becoming of aftermarket gear and equipment, in addition to components corresponding to climate and site visitors situations and particular person driving conduct, can affect the power consumption and vary of a car.

WLTP vary figures for each variants of the Lucid Air Dream Version: (Dream Version Efficiency: as much as 799 km; Dream Version Vary: as much as 883 kms)

About Lucid Group
Lucid’s mission is to encourage the adoption of sustainable power by creating superior applied sciences and probably the most charming luxurious electrical automobiles centered across the human expertise. The corporate’s first automotive, Lucid Air, is a state-of-the-art luxurious sedan with a California-inspired design that options luxurious full-size inside house in a mid-size exterior footprint. The extremely anticipated Lucid Air Grand Touring options 819 horsepower. Deliveries of Lucid Air, which is produced at Lucid’s manufacturing unit in Casa Grande, Arizona, are presently underway to U.S., Canadian, and European clients.

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Ahead-Trying Statements  
This communication contains “forward-looking statements” inside the that means of the “secure harbor” provisions of america Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by way of phrases corresponding to “estimate,” “plan,” “mission,” “forecast,” “intend,” “will,” “shall,” “anticipate,” “anticipate,” “consider,” “search,” “goal,” “proceed,” “may,” “might,” “would possibly,” “attainable,” “potential,” “predict” or different related expressions that predict or point out future occasions or traits or that aren’t statements of historic issues. These forward-looking statements embody, however will not be restricted to, statements concerning plans and expectations with respect to Lucid’s growth in Europe, together with areas for Studios and repair facilities and studio expertise, timing of supply of Lucid automobiles to Europe, availability and pricing for reservations, availability of Lucid automobiles, and the promise of Lucid’s expertise. These statements are based mostly on numerous assumptions, whether or not or not recognized on this communication, and on the present expectations of Lucid’s administration. These forward-looking statements will not be supposed to function, and should not be relied on by any investor as, a assure, an assurance, or a definitive assertion of reality or likelihood. Precise occasions and circumstances are tough or unimaginable to foretell and will differ from these forward-looking statements. Many precise occasions and circumstances are past the management of Lucid. These forward-looking statements are topic to a variety of dangers and uncertainties, together with these components mentioned beneath the heading “Danger Elements” in Half II, Merchandise 1A of Lucid’s Quarterly Report on Type 10-Q for the quarter ended September 30, 2022, in addition to different paperwork Lucid has filed or will file with the Securities and Alternate Fee. If any of those dangers materialize or Lucid’s assumptions show incorrect, precise outcomes may differ materially from the outcomes implied by these forward-looking statements. There could also be further dangers that Lucid presently doesn’t know or that Lucid presently believes are immaterial that would additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements replicate Lucid’s expectations, plans or forecasts of future occasions and views as of the date of this communication. Lucid anticipates that subsequent occasions and developments will trigger Lucid’s assessments to vary. Nevertheless, whereas Lucid might elect to replace these forward-looking statements sooner or later sooner or later, Lucid particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.