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Lucid Gravity Orders to Open November 7, 2024

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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.

Lucid Group ha annunciato che gli ordini per il suo nuovo SUV elettrico, il Lucid Gravity, apriranno il 7 novembre 2024. La versione Grand Touring, a partire da $94,900, avrà oltre 800 cavalli e un'autonomia prevista superiore a 440 miglia, con la produzione programmata per la fine del 2024. La versione Touring, a partire da $79,900, è prevista per la produzione a fine 2025.

Il veicolo può ospitare fino a sette adulti e offre 120 piedi cubi di spazio cargo totale. Gli attuali proprietari di Lucid riceveranno la priorità nella consegna. Lo SUV è dotato di motori elettrici prodotti internamente e di un sistema di sospensione ad aria opzionale a tre camere. I clienti statunitensi possono configurare e ordinare direttamente attraverso il sito web di Lucid.

Lucid Group anunció que los pedidos para su nuevo SUV eléctrico, el Lucid Gravity, se abrirán el 7 de noviembre de 2024. La versión Grand Touring, con un precio inicial de $94,900, contará con más de 800 caballos de fuerza y un rango proyectado que superará las 440 millas, con producción programada para finales de 2024. La versión Touring, que comenzará en $79,900, se planea para producirse a finales de 2025.

El vehículo ofrece espacio para hasta siete adultos y 120 pies cúbicos de espacio de carga total. Los actuales propietarios de vehículos Lucid recibirán prioridad en la entrega. El SUV cuenta con motores eléctricos fabricados internamente y un sistema de suspensión neumática opcional de tres cámaras. Los clientes en EE.UU. pueden configurar y ordenar directamente a través del sitio web de Lucid.

루시드 그룹은 새로운 전기 SUV인 루시드 그래비티의 주문이 2024년 11월 7일부터 시작된다고 발표했습니다. 그랜드 투어링 트림은 가격이 $94,900부터 시작되며, 800마력 이상의 출력을 가지고 있고 예상 주행 거리는 440마일을 넘습니다. 생산은 2024년 말로 예정되어 있습니다. 투어링 트림은 $79,900부터 시작되며 2025년 말에 생산될 예정입니다.

이 차량은 최대 7명의 성인을 위한 공간과 총 120입방피트의 적재 공간을 제공합니다. 현재 루시드 차량 소유자는 우선 배송을 받을 수 있습니다. 이 SUV는 자체 설계된 전기 모터와 선택 가능한 3 챔버 공기 서스펜션 시스템을 갖추고 있습니다. 미국 고객은 루시드 웹사이트를 통해 직접 구성하고 주문할 수 있습니다.

Lucid Group a annoncé que les commandes pour son nouveau SUV électrique, le Lucid Gravity, ouvriront le 7 novembre 2024. La version Grand Touring, dont le prix commence à 94 900 $, disposera de plus de 800 chevaux et d'une autonomie prévue dépassant 440 miles, avec une production prévue pour fin 2024. La version Touring, à partir de 79 900 $, est prévue pour une production fin 2025.

Le véhicule offre de l'espace pour jusqu'à sept adultes et 120 pieds cubes d'espace de chargement total. Les propriétaires actuels de Lucid bénéficieront d'une priorité de livraison. Le SUV est équipé de moteurs électriques fabriqués en interne et d'un système de suspension pneumatique optionnel à trois chambres. Les clients américains peuvent configurer et commander directement via le site Web de Lucid.

Lucid Group hat bekannt gegeben, dass die Bestellungen für sein neues elektrisches SUV, den Lucid Gravity, am 7. November 2024 geöffnet werden. Die Ausstattungsvariante Grand Touring, die bei $94.900 beginnt, wird über 800 PS haben und eine geschätzte Reichweite von über 440 Meilen bieten, mit einer Produktionsplanung für Ende 2024. Die Ausstattungsvariante Touring, die bei $79.900 beginnt, ist für eine Produktion Ende 2025 geplant.

Das Fahrzeug bietet Platz für bis zu sieben Erwachsene und 120 Kubikfuß Gesamt Gepäckraum. Aktuelle Lucid-Besitzer erhalten eine bevorzugte Lieferung. Das SUV ist mit hauseigenen Elektromotoren und einem optionalen Luftfederungssystem mit drei Kammern ausgestattet. US-Kunden können direkt über die Website von Lucid konfigurieren und bestellen.

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

Insights

The launch of Lucid Gravity represents a significant strategic move in the luxury electric SUV segment. The $79,900 starting price positions it competitively against Tesla Model X ($79,990) while offering superior range. The 440+ mile range and 800+ horsepower specifications are industry-leading, potentially giving Lucid a technical edge.

However, critical challenges remain: Lucid's production capacity, ongoing cash burn and the increasingly competitive EV market. The late 2024/2025 production timeline means revenue impact won't materialize until 2025. The prioritization of existing Lucid owners for deliveries suggests initial production volumes.

The 120 cubic feet cargo capacity and innovative features like the frunk seat demonstrate strong product differentiation, but market success will heavily depend on Lucid's ability to scale production efficiently and maintain quality standards.

The timing of this product launch is challenging given current market conditions. High interest rates are impacting luxury vehicle sales and EV adoption faces headwinds from charging infrastructure concerns. The $94,900 Grand Touring trim enters a price segment with shrinking demand.

While the technical specifications are impressive, Lucid's brand awareness and dealer network remain compared to established luxury automakers. The company's focus on existing customers for initial deliveries may limit market expansion. The staggered launch strategy, with Touring trim delayed until late 2025, could impact initial sales momentum and market penetration.

Lucid Gravity Touring priced from $79,900, with Grand Touring trim priced from $94,900 and scheduled to start production in late 2024

NEWARK, Calif., Oct. 29, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced customer orders for the Lucid Gravity will open on November 7, 2024, at 9:00 am Pacific Time. Orders will initially be taken for the Grand Touring trim, priced from $94,900 and offering more than 800 horsepower and a projected range surpassing 440 miles.1  The Lucid Gravity Grand Touring is scheduled to begin production in late 2024 and the Lucid Gravity Touring is planned for late 2025, with pricing starting at $79,900.

"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 U.S., with current Lucid owners given priority for taking delivery of their Lucid Gravity. Customers will be able to design, configure, and order their vehicle directly from Lucid's website.

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 U.S. will be released later.

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 $69,900, in the U.S. Lucid is currently preparing its state-of-the-art, vertically integrated factory in Arizona to begin production of the Lucid Gravity SUV. The company's goal is to accelerate humanity's transition to sustainable transportation and energy through the creation of the most advanced EVs.

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

When can I order the Lucid Gravity SUV (LCID)?

Orders for the Lucid Gravity will open on November 7, 2024, at 9:00 am Pacific Time, initially for the Grand Touring trim.

How much does the 2024 Lucid Gravity cost?

The Lucid Gravity Grand Touring starts at $94,900, while the Touring trim starts at $79,900.

What is the range of the 2024 Lucid Gravity SUV?

The Lucid Gravity has a projected range surpassing 440 miles with the Grand Touring trim.

When will Lucid Gravity production begin?

The Grand Touring trim will begin production in late 2024, while the Touring trim is planned for late 2025.

Lucid Group, Inc.

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