Lucid Plans To Start Delivering Cars In Europe

Lucid Motors is a California-based electric car manufacturer best known for the Lucid Air premium electric sedan, which was launched recently in 2021 September. Last Thursday, the stock price dramatically collapsed to $34.05, but after its sharp fall, the worth abruptly recovered even skyrocketed to $44.58, resulting in over 30% profit. And now it is significantly gaining momentum. Despite this, the Lucid air is considered the year’s car and was officially announced as Motor Trends 2022.

lucid air cover

Moreover, no one anticipated Lucid’s flight range to exceed 400 miles. The Lucid Air Dream Edition R now has an EPA certification for a 520-mile range. The first factory’s current output capacity is 34,000 electric vehicles per year. According to the company’s third-quarter report, the number of pre-orders has already surpassed 17,000 EV, which translates to $1.3 billion in revenue, and the first Air model is planned to be delivered to Europe in 2022. Also, the company will enter the Chinese market in the next two years. By the end of 2022, management plans to have released 22,000 units.

April Sanchez

Business and Tech Reporter

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