Welcome to our dedicated page for Lucid Group news (Ticker: LCID), a resource for investors and traders seeking the latest updates and insights on Lucid Group stock.
Lucid Group, Inc. (NASDAQ: LCID) is a Silicon Valley-based electric vehicle manufacturer known for the Lucid Air sedan and Lucid Gravity SUV. This news page aggregates company announcements, press releases and third-party coverage related to Lucid’s operations, products, partnerships and capital markets activity, giving readers a focused view of developments that may influence perceptions of the LCID stock and its underlying business.
News about Lucid frequently highlights product milestones and recognition for its vehicles. Recent announcements include the Lucid Air and Lucid Gravity being named to Car and Driver’s 10Best lists, as well as the launch of the Lucid Gravity Touring trim, which extends the Gravity SUV lineup. The company also issues updates on new programs such as Lucid Recharged, its certified pre-owned vehicle offering that expands access to its EVs through inspected and reconditioned used vehicles with additional warranty coverage.
Investors and followers of LCID can also expect coverage of Lucid’s financial and capital structure events. The company regularly reports quarterly production and delivery totals and schedules earnings calls to discuss financial results. It has announced convertible senior note offerings and related transactions, including repurchases of existing notes and prepaid forward arrangements involving an affiliate of the Public Investment Fund. These items appear in both press releases and Form 8-K filings and are often summarized in financial news.
Another important category of Lucid news involves partnerships and technology initiatives. The company has unveiled a robotaxi program with Nuro and Uber that uses vehicles based on the Lucid Gravity platform, equipped with level 4 autonomous technology and a next-generation sensor array. Updates on autonomous testing, in-cabin rider experience and deployment plans are likely to feature prominently in future coverage. Conference appearances by Lucid executives at events hosted with organizations such as Nasdaq, Morgan Stanley and UBS also generate news about the company’s strategic priorities and outlook.
By following this LCID news feed, readers can review a chronological record of Lucid’s product announcements, financial disclosures, mobility partnerships and governance actions. This context can help observers understand how the company’s technology, manufacturing footprint and capital markets decisions evolve over time.
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Lucid Group, Inc. (Nasdaq: LCID) announced its third-quarter financial results for 2021, showcasing a strengthened balance sheet with $4.4 billion post-merger. The company commenced vehicle production and reported a record of over 13,000 reservations, amounting to more than $1.3 billion. Lucid Air achieved EPA certification for the longest range at 520 miles, enhancing its market position. Future plans include ramping production to 20,000 units in 2022 despite industry challenges. The commissioning of its Arizona factory will increase capacity to 90,000 vehicles annually by 2023.
Lucid Air has been awarded the 2022 MotorTrend Car of the Year, marking a significant achievement for the new automotive brand. This is the first instance of a debut vehicle receiving the prestigious Golden Calipers. Lucid Air outperformed 24 competitors, including renowned models from established manufacturers. The award highlights its advanced electric powertrain, offering an industry-leading range of over 500 miles and up to 1,111 horsepower. Lucid aims to inspire sustainable energy adoption through cutting-edge technology, with customer deliveries already underway.
Lucid Group (NASDAQ:LCID) is expanding its retail presence with the opening of a new Lucid Studio at Tysons Corner Center in Washington, D.C. This is the 11th location in its network and aims to enhance customer engagement in a strong electric vehicle market. The Studio will showcase the Lucid Air lineup, which includes models starting from $77,400, offering over 500 miles of range. The grand opening is set for November 6, 2021, following the delivery of the Lucid Air Dream Edition. This initiative supports Lucid's mission to promote sustainable energy adoption.
Lucid Group, Inc. (NASDAQ: LCID) will hold a conference call on November 15, 2021, at 2:00 PM PT to discuss its third-quarter results. An earnings press release with details on joining the call will be available on the investor relations website prior to the event. Lucid's first electric vehicle, the Lucid Air, is set to begin customer deliveries on October 30, showcasing a blend of luxury and advanced technology.
Lucid Group (NASDAQ: LCID) has announced the initial customer deliveries of the Lucid Air Dream Edition on October 30, 2021. This launch follows the start of production at their Casa Grande, Arizona factory, marking a significant milestone as it’s North America's first dedicated electric vehicle manufacturing facility. The Dream Edition boasts an impressive estimated range of 520 miles and features a special 118kWh battery pack. Customers will also participate in an inaugural drive showcasing the vehicle's capabilities.
On October 15, 2021, Lucid Group announced Canadian pricing for its luxury EV lineup, starting at $105,000 CAD for the Lucid Air Pure. Customers can reserve models online from $400 CAD. The company also opened its first Canadian retail location in Vancouver, enhancing its market presence. The Lucid Air Dream Edition boasts an EPA-rated range of 520 miles, leading its class. Deliveries in the U.S. begin later this month, with Canadian deliveries to follow.
Lucid Group announced the delisting of its public warrants from Nasdaq (symbol: LCIDW), effective October 13, 2021. This follows the redemption of all outstanding warrants at a price of $0.01 each. As a result, holders of the remaining warrants will receive this redemption price, and all warrants are void and non-exercisable. Trading was halted after Nasdaq discovered that trading continued post-redemption. Approximately 44.4 million privately placed warrants remain, held by a single holder with transfer restrictions. Lucid's future production of the Lucid Air is set to begin in late October.
Lucid Group has commenced production of its luxury EV, Lucid Air, at its Advanced Manufacturing Plant in Casa Grande, Arizona. During the Production Preview Week, the first customer-quality vehicles were manufactured, with deliveries to begin in late October. Lucid has over 13,000 reservations for the Air, with a planned production increase to 520 Dream Edition vehicles. The EPA rated the Dream Edition's range at a record 520 miles. Lucid's Arizona facilities are expected to contribute $9 billion to the state's economy by 2024 and create 15,000 jobs annually.
Lucid Group announced that its Lucid Air Dream Edition Range has achieved an EPA rating of 520 miles, making it the longest-range electric vehicle ever rated by the EPA. This surpasses its closest competitor by over 100 miles. The Dream Edition Range can deliver 933 horsepower while maintaining energy efficiency, thanks to its advanced 900V battery technology. Lucid also revealed that other models, including the Dream Edition Performance, now hold the top positions for EPA range ratings among all EVs. This milestone positions Lucid Group as a leader in the electric vehicle market.
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