June 7, 2023


Automotive and technology

Lucid updates on deliveries and raises prices effective June 1—but no price hike for reservation-holders


As component of a quarterly update Thursday, Lucid confirmed a cost hike across its design line, and it confirmed that it’s nonetheless on observe for manufacturing 12,000 to 14,000 motor vehicles by the close of the 12 months. 

For the duration of the first quarter of 2022, Lucid sent 360 vehicles—up from 125 in the fourth quarter of 2021. And most likely confirming that the tempo is accelerating, it mentioned that it sent much more than 300 automobiles in April alone. In the to start with quarter, it verified it constructed just about 700 cars and trucks at its Arizona plant. 

Lucid nevertheless programs to start off offering the Air Grand Touring Performance—a 1,050-hp design introduced very last thirty day period, bringing virtually the functionality of the offered-out Dream Version Performance—starting in June. Then the Air Touring and Air Pure the two get there in advance of the conclude of the yr. The Gravity SUV stays on track for the very first 50 percent of 2024. 

Unlike Rivian, which in March first tried to hike selling prices by up to 20% for its early adopters and reservation-holders, then reversed course, Lucid will honor recent pricing for all reservations now made (it now has more than 30,000). It’s supplying people building new reservations until eventually June 1 to lock in the numbers. 

2021 Lucid Air

2021 Lucid Air

Right after the price tag hike, the Air will expense $155,500 for the Grand Touring, $108,900 for the Touring, and $88,900 for the Pure. The Air Grand Touring Performance carries more than with its $180,500 rate. All of these totals include the $1,500 location cost.

CEO Peter Rawlinson verified again that the Air Pure model will reach more than 400 miles of variety from a battery pack of considerably less than 90 kwh. He identified as this skill to use a smaller sized battery a “commercial advantage over the levels of competition.”

As for the levels of competition, Rawlinson didn’t issue to Tesla as the rival. “The EV marketplace is not a zero-sum game today,” he argued. “We contend in a global vehicle current market, and let us not forget our major competition is gasoline automobiles, not other EVs.”

The Air achieves up to 520 miles of selection in its launch Air Dream Edition Range type, and up to 516 in Grand Touring guise. Its emphasis on effectiveness, complex innovation, and vertical integration, in means that will impact the total market and field, are what gained it Eco-friendly Car Studies Best Car or truck To Get 2022.

Lucid Saudi Arabia rendering

Lucid Saudi Arabia rendering

Lucid’s reservation figures do not include things like any increment of the offer with Saudi Arabia introduced final month—in which that governing administration will invest in up to 100,000 Lucid motor vehicles about a 10-year interval. The automaker’s second plant, in Saudi Arabia, will start earning automobiles in 2025. COO Sherry Dwelling added that the Saudi deal is centered on normal retail price tag, not a negotiated fleet deal. 

Also of observe: Lucid summed that it sent 11 around-the-air updates in Q1, such as many products that instantly handle client feedback—including on fantastic aspects such as how the door handles work.

The Lucid executives recommended that the drive inside of the organization is on cars, instead than the company’s energy storage merchandise, which do remain a part of its long run product. Dwelling extra, nonetheless, that the mixture of performance and bidirectional charging engineering will be “a actually critical portion of the value proposition” to opportunity buyers. 

And that certainly will not be all the information from the California-centered automaker. Lucid also stated that it will depth its ideas for the European sector up coming 7 days.


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