Lucid update on effective delivery and price increase from June 1 – but no price increase

As part of a quarterly update on Thursday, Lucid confirmed price increases across its model line and confirmed that it is still on track to produce 12,000 to 14,000 cars by the end of the year.

In the first quarter of 2022, Lucid delivered 360 cars – more than 125 in the fourth quarter of 2021. And perhaps this confirms that the speed is accelerating, noting that it delivered more than 300 cars in April alone. In the first quarter, it confirmed that it had built about 700 vehicles at its Arizona plant.

Lucid is still planning to start delivering the Air Grand Touring performance, a 1,050-hp model announced last month, bringing the performance of the almost-sold Dream Edition performance starting June. Then both Air Turing and Air Pure arrived before the end of the year. The Gravity SUV is on track for the first half of 2024.

Unlike Revian, which in March first tried to raise prices by 20% for its initial recipients and reserve-holders, then on the contrary, Lucid would respect the current price for all reservations already made (it is now over 30,000). This allows those making new reservations to lock their numbers until June 1st.

2021 Lucid Air

2021 Lucid Air

After the price increase, Air will cost $ 155,500 for Grand Turing, $ 108,900 for Turing and $ 88,900 for Pure. Air Grand Touring carries performance with its 180,500 value. All of this includes a total $ 1,500 destination charge.

CEO Peter Rollinson has reaffirmed that the AirPure version will achieve a range of more than 400 miles from a battery pack of less than 90 kwh. He called the ability to use a small battery a “commercial advantage over competition.”

For the competition, Rollinson did not name Tesla as a rival. “The EV market today is not a zero-sum game,” he argued. “We compete in a global car market, and let’s not forget that our primary competition is petrol cars, not other EVs.”

The Air achieves a range of up to 520 miles in the form of its launch Air Dream Edition and 516 miles in Grand Turing camouflage. Its emphasis on efficiency, technological innovation, and vertical integration, in ways that will impact the entire market and industry that it has achieved Green Car Report The best car to buy 2022.

Lucid rendering Saudi Arabia

Lucid rendering Saudi Arabia

Lucid’s reservation number does not include any increase in the agreement announced with Saudi Arabia last month – that the government would purchase 100,000 Lucid vehicles over a 10-year period. The automaker’s second plant in Saudi Arabia will start manufacturing vehicles in 2025. COO Sherry House added that the Saudi agreement is based on the ideal retail price, not a negotiated fleet agreement.

Also note: Lucid summarized that it delivered 11 over-the-air updates to Q1, including a number of items that directly address customer feedback – including details of how door handles work.

Lucid executives suggested that the push within the company is on the car, rather than the company’s energy-saving product, which remains a part of its future model. House added, however, that the combination of efficiency and two-way charging technology would be a “really important part of the price offer” for potential customers.

And it certainly won’t be all the news for California-based automakers. Lucid added that it would give details of its plans for the European market next week.

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