Lucid Gravity Orders to Open November 7, 2024
Rhea-AI Summary
Lucid Group announced that orders for its new electric SUV, the Lucid Gravity, will open on November 7, 2024. The Grand Touring trim, starting at $94,900, will feature over 800 horsepower and a projected range exceeding 440 miles, with production scheduled for late 2024. The Touring trim, starting at $79,900, is planned for late 2025 production.
The vehicle offers space for up to seven adults and 120 cubic feet of total cargo space. Current Lucid owners will receive priority delivery. The SUV features in-house electric motors and an optional three-chamber air suspension system. U.S. customers can configure and order directly through Lucid's website.
Positive
- High-performance specifications with 800+ horsepower and 440+ mile range
- Competitive pricing starting at $79,900 for Touring trim
- Substantial cargo capacity of 120 cubic feet
- Leverages existing Lucid Air powertrain technology
Negative
- Extended wait time for Touring trim delivery (late 2025)
- Higher entry price point compared to many mainstream electric SUVs
News Market Reaction
On the day this news was published, LCID declined 3.17%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Lucid Gravity Touring priced from
"There is a growing anticipation for Lucid Gravity's unprecedented combination of versatility, performance, design, and all-around capability," said Peter Rawlinson, CEO at Lucid. "This is uniquely enabled through our revolutionary technology. We look forward to bringing the world's most advanced SUV to the world soon."
On November 7, orders will open for customers in the
The Lucid Gravity is designed to be the best SUV ever with space for up to seven adults plus all their gear. Lucid Gravity offers up to 120 cubic feet of total usable cargo space, including the frunk. An optional frunk seat can accommodate two adults while the vehicle is parked.
Lucid Gravity draws upon Lucid's renowned electric powertrain technology, including in-house electric motors. Lucid Gravity's extraordinary efficiency enables a projected range surpassing 440 miles1 with a battery pack capacity similar to that of the 2025 Lucid Air Grand Touring. This enables a confident and agile driving experience and exceptional interior spaciousness. An optional three-chamber air suspension adapts to changing terrain, ensuring a smooth and comfortable ride and precise handling.
Information about Lucid Gravity pricing, ordering, and deliveries for markets outside the
About Lucid Group
Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The flagship vehicle, Lucid Air, delivers best-in-class performance and efficiency is priced from
* All prices noted are for U.S. market only and exclude tax, title, license, options, destination and documentation fees.
1 Manufacturer's projected estimate for longest range trim and configuration. EPA estimates will be provided when available. Range and battery power vary with temperature, driving habits, charging, and battery condition, and actual results will vary.
Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
Media Contacts
media@lucidmotors.com
Forward-Looking Statements
This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations with respect to commercial product launches, including the Lucid Gravity Grand Touring and Touring models, start of production timing, timing of opening up orders, plans for delivery priority, starting prices, features, capabilities, ranges, and the promise of Lucid's technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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SOURCE Lucid Group
FAQ
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