CASA GRANDE, Ariz. , Sept. 10, 2024 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, showcased the forthcoming Lucid Gravity SUV, its enabling technologies, and presented an independent third party analysis of the cost effectiveness of manufacturing these innovations at its Technology & Manufacturing Day, held today at the company's Arizona factory. Additionally, Lucid... Read More

DreamDrive™ Pro, Lucid's optional Advanced Driver Assistance System (ADAS), is augmented with Lane Change Assist, 3D lane visualization, and curve control. A new Lucid Assistant voice control system allows easier voice control of navigation and audio systems, climate control, heated seats, and more. Updated software includes more than a dozen other updates, enhancements, and fine tuning requested by Lucid Air owners. NEWARK,... Read More

NEWARK, Calif. , Sept. 5, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced that Peter Rawlinson , CEO and CTO, will participate in a fireside chat at the Morgan Stanley 12th Annual Laguna Conference on Thursday, September 12 . The session is scheduled for 2:35 pm PT and will be webcast live on Lucid's investor relations website at... Read More

NEWARK, Calif. , Sept. 4, 2024 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, will host a Technology & Manufacturing Day on Tuesday, September 10 , which will be livestreamed direct from Lucid's Arizona factory (AMP-1). The event will showcase the forthcoming Lucid Gravity SUV, its enabling technologies, and provide an analysis of the cost effectiveness of... Read More

NEWARK, Calif. , Aug. 20, 2024 /CNW/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, announced today that Lucid Financial Services has introduced leasing to its portfolio of finance options in Canada . Customers in Canada can now access flexible, transparent, and competitive leasing... Read More

Produced 2,110 vehicles in Q2; on track for annual production of approximately 9,000 vehicles Delivered 2,394 vehicles in Q2; up 70.5% compared to Q2 2023 Q2 revenue of $200.6 million Ended the quarter with approximately $4.28 billion of total liquidity Separately, announced a commitment of $1.5 billion today from an affiliate of the Public Investment Fund (PIF) NEWARK, Calif. , Aug. 5, 2024 /PRNewswire/ -- Lucid Group, Inc.... Read More

$750 Million Convertible Preferred Investment and $750 Million Delayed Draw Term Loan NEWARK, Calif. , Aug. 5, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID) (" Lucid ") announced today that it has entered into agreements with its majority stockholder, Ayar Third Investment Company (" Ayar "), an affiliate of the Public Investment Fund (" PIF "), to (i) purchase $750 million of convertible preferred stock via private... Read More

Graphite One-Lucid agreement marks the first step in a 100% U.S.-based supply chain linking Alaska , Ohio and Arizona VANCOUVER, BC , July 29, 2024 /CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) ("Graphite One", "G1" or the "Company"), planning a complete domestic U.S. supply chain for advanced graphite materials, took part on July 25, 2024 in a briefing held at the U.S. Capitol announcing a non-binding supply... Read More

Graphite One-Lucid agreement involves Synthetic Anode Active Materials Graphite One CEO Anthony Huston : This is " a historic moment…: The first synthetic graphite agreement between a U.S. graphite developer and a U.S. EV company" Lucid CEO Peter Rawlinson : "We are committed to accelerating the transition to sustainable vehicles and the development of a robust domestic supply chain ensures the United States , and Lucid,... Read More

The new 2025 Lucid Air Pure is the most efficient and thus most sustainable vehicle made, with 420 miles of EPA-estimated range, a powerful new infotainment processor, and heat pump as standard, still priced from just $69,900 . NEWARK, Calif. , July 16, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the... Read More

NEWARK, Calif. , July 8, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended June 30, 2024 . Lucid produced 2,110 vehicles and delivered 2,394 vehicles during this period. 1 Lucid will host a conference call to discuss its second quarter 2024 financial results on Monday, August 5, 2024 , at 2:30 pm PT... Read More

NEWARK, Calif. and NEW YORK , June 28, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of advanced electric vehicles, today announced it has reached an agreement with Gravity, Inc., an American manufacturer of high-speed EV charging equipment, regarding use of the "Lucid Gravity" trademark. The agreement allows for Lucid's use of the "Lucid Gravity" brand without impinging on Gravity's pre-existing trademark,... Read More

NEWARK, Calif. , June 25, 2024 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, announced the appointment of Nick Twork as Head of Global Communications. Twork will oversee Lucid's global communications team, which includes worldwide product, corporate, financial and internal communications; media relations; and social media. Twork will help Lucid's world-class... Read More

NEWARK, Calif. , June 7, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced that Peter Rawlinson , CEO and CTO, will participate in a fireside chat at the Deutsche Bank Global Auto Industry Conference on Tuesday, June 11 , at approximately 2:40 p.m. Eastern Time . In addition, on Wednesday, June 12 , Rawlinson will participate in a fireside chat at the... Read More

Former Intel, National Grid Executive Brings Technology and Sustainability Leadership to the Company NEWARK, Calif. , June 4, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the election of Lisa M. Lambert to its board of directors effective immediately. Lambert was elected at Lucid's 2024 Annual Meeting of Stockholders and will bring extensive... Read More

Produced 1,728 vehicles in Q1; on track for annual production of approximately 9,000 vehicles Delivered 1,967 vehicles in Q1, up 39.9% compared to Q1 2023 Q1 revenue of $172.7 million Successfully raised $1.0 billion via private placement to an affiliate of the Public Investment Fund (PIF) Ended the quarter with approximately $5.03 billion of total liquidity NEWARK, Calif. , May 6, 2024 /PRNewswire/ -- Lucid Group, Inc.... Read More

NEWARK, Calif. , April 17, 2024 /PRNewswire/ -- Lucid Group, Inc . (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle, i announced details about the 2024 Lucid Air Grand Touring, with an array of enhancements to help people drive farther and charge... Read More

NEWARK, Calif. , April 9, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle 1 , today announced production and delivery totals for the quarter ended March 31, 2024 . Lucid produced 1,728 vehicles and delivered 1,967 vehicles during this period.* Lucid will host a conference call to discuss its first quarter... Read More

NEWARK, Calif. , March 25, 2024 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today that it has entered into an agreement with its majority stockholder, Ayar Third Investment Company ("Ayar"), an affiliate of the Public Investment Fund ("PIF"), to purchase $1.0 billion of newly created series of convertible preferred stock via private placement, subject to customary closing conditions. "We are extremely... Read More

Delivered 1,734 vehicles in Q4 and 6,001 vehicles in 2023, up 37% compared to full year 2022 Produced 2,391 vehicles in Q4 and 8,428 vehicles in 2023, meeting the higher-end of 2023 annual production guidance of 8,000 to 8,500 vehicles Q4 revenue of $157.2 million and annual revenue of $595.3 million Ended the quarter with approximately $4.78 billion of total liquidity Lucid is embarking on the Company's next... Read More

Lucid is committed to reducing the most common barriers for prospective EV drivers: Price and Ease of Ownership Lucid Air Pure now priced from $69,900 ; Air Touring from $77,900 ; Air Grand Touring from $109,900 1 Two years of scheduled maintenance included with every new Lucid Air at no additional cost New charging allowance of $1,000 towards the Lucid charging accessory of the customer's choosing NEWARK, Calif. , Feb. 15,... Read More

Experienced international automotive leader to guide Company's overarching legal strategy, as Lucid enters its next phase of growth NEWARK, Calif. , Jan. 30, 2024 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, selected to Car and Driver's 10Best list for 2024, is pleased to announce the appointment of Matt Everitt as General Counsel. In this role,... Read More

NEWARK, Calif. , Jan. 11, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, selected to Car and Driver's 10Best list for 2024, today announced production and delivery totals for the quarter ended December 31, 2023 . Lucid produced 2,391 vehicles during Q4 and delivered 1,734 vehicles during the same period.* On a full year basis in 2023, the... Read More

NEWARK, Calif. , Dec. 11, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), today announced Sherry House , Chief Financial Officer (CFO) of Lucid Group, Inc. ( "Lucid" or the "Company" ), informed the Company that she is resigning from her position, effective immediately, to pursue other opportunities. Ms. House will be available in an advisory role through December 31, 2023 , to assist in the transition of her duties.... Read More

All new and existing Canadian Lucid owners will get access to SiriusXM's comprehensive audio entertainment offering, along with a 3-month trial subscription TORONTO , Dec. 6, 2023 /CNW/ - SiriusXM Canada and Lucid Group, Inc. (NASDAQ: LCID) announced today that SiriusXM's audio streaming entertainment experience is now available to all new and existing Canadian Lucid owners. Across Canada , SiriusXM is available in the... Read More

Sporty and stylish, the Lucid Air Pure RWD boasts an exceptional combination of range, driver-oriented performance, and innovative design. The Lucid Air Pure RWD is available for order immediately at a starting price of $77,400* . Lucid's ultra-efficient EV technology delivers greater range and performance without the cost and... Read More

The Air lineup now consists of four models: Air Pure, recently added to Car and Driver's esteemed 10Best List , with an EPA-estimated range of 419 miles + , from $77,400 ++ . Air Touring adds all-wheel drive, more performance, and over 400 miles of range, from $85,900 ++ . Air Grand Touring with all-wheel drive and projected... Read More

The new Lucid Gravity heralds the dawn of a new era for electric Sport Utility Vehicles: an unprecedented combination of attributes previously unseen in a single vehicle and a projected range in excess of 440 miles 1 . Lucid innovations in EV technology and packaging deliver an expansive, luxurious interior for up to seven... Read More

RangeXchange enables a Lucid Air to charge another electric vehicle (EV) adding between 24 to 40 miles of range per hour. 1 To enable RangeXchange, Lucid owners simply attach the new Lucid RangeXchange charging adapter to the charging cable and plug directly into the receiving car. 2 This requires the latest over-the-air (OTA)... Read More

Lucid announces the appointment of Marc Winterhoff as Chief Operating Officer (COO), a newly created role reporting to CEO and CTO Peter Rawlinson Introduction of Lucid's first COO underscores Lucid's focus on accelerating international expansion, enhancing its go-to-market strategy, and maturing its world-class manufacturing operations Winterhoff brings 27 years of experience in the automotive and software industry NEWARK,... Read More

Lucid reported Q3 revenue of $137.8 million driven by customer deliveries of 1,457 vehicles in the quarter Production of the Lucid Air Pure RWD began in September and is in the process of ramping up; production of the Lucid Air Sapphire also began in September, thus completing the Lucid Air lineup General assembly production shifted to Phase 2 of Lucid's factory in Arizona ; Lucid opened its first manufacturing plant in... Read More

Lucid customers will be able to access 15,000+ Tesla Superchargers in North America in 2025 Lucid to integrate North American Charging Standard (NACS) into its vehicles in 2025 Lucid vehicles built with the current Combined Charging System (CCS) will be able to access the Tesla Supercharger network via an adapter in 2025... Read More

NEWARK, Calif. , Oct. 23, 2023 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today launched the Lucid Referral Program in the United States . The two-sided rewards program extends exclusive benefits to... Read More

NEWARK, Calif. , Oct. 17, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced production and delivery totals for the quarter ended September 30, 2023 . Lucid produced 1,550 vehicles during Q3, plus over 700 additional vehicles in transit to Saudi Arabia for final assembly. The company... Read More

The new Lucid Air Pure Rear-Wheel Drive (RWD) is available immediately at a starting price of $77,400* . Lucid's proprietary EV technology delivers greater range and driver-oriented performance without the cost and weight of ever-larger battery packs. The Air Pure RWD has 410 miles of range**, more than any electric car... Read More

Lucid Group commences assembly of Lucid Airs in its new Advanced Manufacturing Plant, AMP-2, its first international manufacturing facility, strategically located in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia . In the first phase, the facility has the capacity to assemble 5,000 Lucid vehicles per annum, and in the future, the complete manufacturing facility at KAEC, including the assembly facility, is expected... Read More

The Lucid Air Sapphire is the world's first fully electric luxury super-sports sedan, achieving 0-60 mph in 1.89 seconds, 0-100 mph in 3.84 seconds, and the quarter mile in 8.95 seconds, with a top speed of 205 mph. Lucid's new halo car features three motors, four driving modes, carbon-ceramic brakes, a special aerodynamic... Read More

Q2 revenue of $150.9 million driven by customer deliveries of 1,404 vehicles in the quarter Bolstered balance sheet to $6.25 billion in total liquidity as of June 30, 2023 Aston Martin selected Lucid to supply powertrain and battery system technology – contracts worth in excess of $450 million – further validating Lucid's superior technology Original pricing reinstated with the Lucid Air All Wheel Drive starting at $82,400... Read More

NEWARK, Calif. , July 12, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced production and delivery totals for the quarter ended June 30, 2023 . Lucid produced 2,173 vehicles during Q2 at its manufacturing facility in Arizona and delivered 1,404 vehicles during the same period.* In... Read More

Lucid and Aston Martin enter long-term strategic technology partnership for the integration and supply of Lucid's state-of-the-art electric vehicle powertrain and battery systems in contracts worth in excess of $450M . This landmark agreement marks the first such relationship for Lucid Group's technology arm, a realization of... Read More

NEWARK, Calif. , May 31, 2023 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today that it priced its underwritten public offering of 173,544,948 shares of its common stock for aggregate gross proceeds to Lucid of approximately $1.2 billion . The underwriter may offer the shares of common stock from time to time for sale in one or more transactions to purchasers directly, through agents or through... Read More

NEWARK, Calif. , May 31, 2023 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today the commencement of a public offering of 173,544,948 shares of its common stock. The underwriter may offer the shares of common stock from time to time for sale in one or more transactions to purchasers directly, through agents or through brokers in brokerage transactions on Nasdaq, in the over-the-counter market, through... Read More

Seasoned luxury goods and automotive executive to play key role in maximizing Lucid brand awareness and demand for Lucid products NEWARK, Calif. , May 9, 2023 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced the addition of Andrea Soriani to its executive team as the company's Vice President... Read More

NEWARK, Calif. , May 8, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced financial results for its first quarter ended March 31, 2023. Lucid reported first quarter revenue of $149.4 million , having produced 2,314 vehicles at its manufacturing facility in Arizona and delivered 1,406... Read More

The next generation of Lucid design and electric technology enables a previously unheard-of combination of spaciousness, performance, and driving range for the upcoming Lucid Gravity electric SUV NEWARK, Calif. , April 25, 2023 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards for luxury electric... Read More

New directors bring significant global experience to the Lucid board of directors in the areas of marketing, finance, and operations, across both automotive and luxury consumer goods NEWARK, Calif. , April 24, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the... Read More

NEWARK, Calif. , April 20, 2023 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced first deliveries of Lucid Air with Stealth Appearance, an optional exterior design theme with a darker... Read More

Demonstrates Lucid's Commitment to Inspire the Adoption of Sustainable Transportation NEWARK, Calif. , April 19, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced that it has joined the United Nations (UN) Global Compact, the world's largest voluntary corporate sustainability initiative.... Read More

NEWARK, Calif. , April 13, 2023 /PRNewswire/ -- Lucid Group, Inc . (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced production and delivery totals for the quarter ended March 31, 2023 . The company produced 2,314 vehicles during Q1 at its manufacturing facility in Arizona and delivered 1,406 vehicles during the same period.*... Read More

NEWARK, Calif. , April 13, 2023 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the start of the 2023 'Dream Ahead Tour,' an expansive program that gives consumers right across the United States the opportunity to experience and get to drive a Lucid Air, which was recently named the World Luxury Car of the Year by... Read More

NEWARK, Calif. , April 5, 2023 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced that the Lucid Air was named the 2023 World Luxury Car of the Year in the prestigious 2023 World Car Awards. World Car jurors announced Lucid's win at an awards ceremony at the 2023 New York International Auto Show. The World Car Awards... Read More

Corte Madera Grand Opening to take place on Saturday, March 18 , at 10:00 AM PDT NEWARK, Calif. , March 17, 2023 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced the official opening of its latest Studio location in... Read More

3,493 vehicles produced in Q4, up 53 percent sequentially 7,180 vehicles produced in 2022, exceeding annual production guidance of 6,000 to 7,000 vehicles Q4 revenue of over $257M and annual revenue of over $608M Ended the quarter with approximately $4.9B total liquidity 2023 production guidance of 10,000 to 14,000 vehicles... Read More

Limited time offer available for select configurations of Lucid Air Touring and Air Grand Touring ordered by March 31, 2023 NEWARK, Calif. , Feb. 9, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced that customers... Read More

Montreal Grand Opening to take place on Saturday, January 28 at 10:00 AM ET NEWARK, Calif. , Jan. 27, 2023 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced the official opening of its latest combination Studio,... Read More

NEWARK, Calif. , Jan. 25, 2023 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today unveiled its groundbreaking new electric drive unit for motorsports, which can already be found on the race circuit as the standard front drive unit... Read More

3,493 Vehicles Produced in Q4, up 53 Percent Sequentially 7,180 Vehicles Produced in 2022, Exceeding Guidance of 6,000-7,000 Vehicles Set to Report Fourth Quarter Financial Results on Wednesday, February 22, 2023 NEWARK, Calif. , Jan. 12, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced production and delivery... Read More

Lucid Air arrives in Europe with first deliveries to customers in Germany and the Netherlands . The limited-run Lucid Air Dream Edition receives official Worldwide Harmonized Light Vehicles Test Procedure (WLTP) driving range of 883 km. 1 This makes the Lucid Air the longest-range electric vehicle in the European market.... Read More

NEWARK, Calif. , Dec. 19, 2022 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today that it has completed its previously announced "at-the-market" equity offering program. Through the program, Lucid sold more than 56.2 million shares of its common stock for gross proceeds of approximately $600 million . The successful capital raise of approximately $1.515 billion , which includes approximately $915... Read More

AMSTERDAM , Dec. 15, 2022 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced its third retail location in Europe – and first service, delivery and sales center – will open on 16 December in Hilversum, Netherlands , just... Read More

Global leader in lithium-ion batteries, Panasonic Energy, has agreed to supply batteries for Lucid's full vehicle line-up, including the Lucid Air and upcoming Gravity SUV OSAKA, Japan and NEWARK, Calif. , Dec. 13, 2022 /PRNewswire/ -- Panasonic Energy Co., Ltd., a Panasonic Group company, and Lucid Group, Inc (NASDAQ: LCID) today announced they have entered into multi-year agreements to supply batteries for Lucid's... Read More

Dallas Grand Opening to take place on Saturday, November 19 at 10:00 AM CT . NEWARK, Calif. , Nov. 18, 2022 /PRNewswire/ -- Lucid Group , Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the official opening of its first Studio location in the state... Read More

The grand opening of Lucid Studio at Cours de Rive 10 to take place on 18th of November AMSTERDAM , Nov. 17, 2022 /PRNewswire/ -- Lucid Group (NASDAQ: LCID), which is setting new standards with its advanced luxury electric vehicles, today announced plans to open its first retail location in Switzerland – the Lucid Studio at... Read More

Lucid's next force of nature: A luxury electric SUV like none other. Supercar levels of performance, seating for up to seven, and more range than any other EV (except for those from Lucid). Gravity, the first Lucid SUV, joins the Air sedan as a flagship model in Lucid's lineup of luxury performance electric vehicles. Further... Read More

Lucid Air Touring begins customer deliveries, features 620-horsepower dual-motor all-wheel-drive powertrain, 0-60 mph in 3.4 seconds, and an EPA-estimated 425 miles of range. It is Lucid's most efficient model yet, delivering 4.62 miles per kilowatt hour. Lucid Air Pure all-wheel drive arrives this year, with 0-60 mph in 3.8... Read More

NEWARK, Calif. , Nov. 8, 2022 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today that it has entered into an "at-the-market" program pursuant to an equity distribution agreement, dated November 8, 2022 , between the Company and BofA Securities, Inc., Barclays Capital Inc. and Citigroup Global Markets Inc. as managers. Under the at-the-market program, Lucid may sell up to $600 million of shares of its... Read More

Record quarterly production of 2,282 vehicles, more than triple Q2 On track for annual production guidance of 6,000 to 7,000 vehicles Q3 revenue of $195.5M driven by customer deliveries of 1,398 vehicles in the quarter Strong demand with over 34,000 reservations, representing potential sales of over $3.2B Announced plans to... Read More

'In the Air and Beyond – A Lucid Launch Event' to highlight new models that round out the full Air lineup, latest developments for Air Sapphire, and Lucid's reimagining of the luxury SUV segment Lucid Air Pure and Air Touring to debut in an online global launch event on Tuesday, November 15 , alongside announcements about the... Read More

All new and existing Lucid owners will get access to SiriusXM's comprehensive audio entertainment offering, along with a free 3-month trial subscription Beta version of SiriusXM to launch in Lucid vehicles soon, with full implementation planned for 2023 SiriusXM (NASDAQ: SIRI) and Lucid Group, Inc. (NASDAQ: LCID) announced... Read More

Designed and engineered by the same teams that developed Lucid Air, new accessories serve as practical and stylish complements to the vehicle. New accessories include Lucid's first at-home charging station, expanded storage solutions, and all-weather products Lucid's Connected Home Charging Station enables industry-leading... Read More

$50 million USD plus in training and salary support assistance 1,000 plus employees trained across USA , Europe , and Saudi Arabia Training to concentrate on manufacturing, sales, marketing, and engineering Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the signing of a Memorandum of Understanding (MoU) with the Human Resources... Read More

New Riyadh Studio set to open at 9:00 AST on Tuesday, October 25th at I Mall, Riyadh Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the opening of its first Studio in the Middle East , located in Riyadh, Saudi Arabia . The luxury... Read More

Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today announced the promotion of Faisal Sultan to Vice President and Managing Director of Lucid Middle East, reporting directly to Peter Rawlinson , Lucid's CEO and CTO.... Read More

Lucid Air is designed as a true software-defined vehicle, with future-ready hardware to allow it to evolve over time to best meet customer needs long after they take delivery. Lucid's newest over-the-air (OTA) software update is the most extensive to date, with significant advancements and improvements across the vehicle. New... Read More

2,282 Vehicles Produced in Q3, More Than Triple Q2 Production Set to Report Third Quarter Financial Results on Tuesday, November 8, 2022 Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced preliminary production and delivery totals for the quarter ended September 30, 2022 . The company produced 2,282 vehicles during Q3 at its... Read More

Lucid Group, Inc. (NASDAQ:LCID), setting new standards with the award-winning Lucid Air, today announced that it has filed a "universal shelf" registration statement on Form S-3 with the Securities and Exchange Commission (the "SEC"). The registration statement would allow Lucid to raise up to an aggregate of $8 billion in primary capital in one or more offerings over the three years after the registration statement is... Read More

Newly created position will lead software engineering for the award-winning Lucid Air including ADAS, Audio, Infotainment, Embedded Software and Systems Architecture Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air,... Read More

Introducing the Sapphire brand from Lucid, with the Lucid Air Sapphire, the world's first luxury electric super-sports sedan Lucid Air Sapphire features three motors, carbon-ceramic brakes, aerodynamic package, new sport seats, and track-tuned suspension for a sublime driver-focused sporting experience Sub-two seconds 0-60... Read More

The Stealth Look for Lucid Air makes its public debut during Monterey Car Week at Motorlux on Wednesday, August 17 Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today announced Stealth Look, a new optional exterior... Read More

Newly created position will lead operations, including supply chain, logistics, manufacturing, and quality Lucid Group, Inc . (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today announced the appointment of Steven David as Senior Vice President of Operations, reporting directly to Peter Rawlinson , Lucid's CEO and CTO. In this newly... Read More

Q2 revenue of $97.3M driven by customer deliveries of 679 vehicles in the quarter Strong demand with over 37,000 reservations, representing potential sales of approximately $3.5B Production volume outlook for 2022 revised to a range of 6,000 to 7,000 vehicles Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced financial results for its... Read More

Additions of Evelyn Chiang , VP of Process Transformation, and Walter Ludwig , VP of Global Logistics, bring decades of global expertise and operational excellence to Lucid Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today announced the appointments of Evelyn Chiang , VP of Process Transformation, and Walter... Read More

Lucid Group , Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest charging electric car on the market, today announced it will host a conference call to discuss its second quarter 2022 financial results on Wednesday, August 3, 2022 , at 2:30 pm PT / 5:30 pm ET . Prior to the conference call, the company will issue an earnings press release with a link to the live webcast on its investor relations... Read More

Tech Talks video series offers an unprecedented look at how Lucid Air achieves industry-leading efficiency, unmatched power density, and the longest EPA-estimated range for any EV New episode, released today, explores the groundbreaking EV charging technology in Lucid Air Lucid Group (NASDAQ: LCID), setting new standards with... Read More

A testament to Lucid's breakthrough engineering, the 1,050-hp luxury EV sedan driven by Ben Collins was 100-percent stock, down to the standard low-rolling-resistance tires Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced that Lucid Air... Read More

Grand Opening to take place on Saturday, June 25 , at 10 a.m. PDT Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced the official opening of its first retail location in the Pacific Northwest at University Village in Seattle, WA. This... Read More

Denver Grand Opening to take place on Saturday, June 18 at 10 a.m. MDT . Lucid Group , Inc . (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced the official opening of its first Studio location in Denver, CO at the Cherry Creek Shopping Center. This Studio... Read More

Lucid Group, Inc. (NASDAQ: LCID) ("Lucid"), setting new standards with the longest-range, fastest-charging electric car on the market, today announced entry into a Credit Agreement (the "Credit Agreement") on June 9, 2022 . Bank of America, N.A. is the administrative agent and swingline lender on the transaction. Other lenders in the initial bank syndicate include Citigroup; Barclays Bank PLC; Goldman Sachs Bank USA ;... Read More

All-New Digital Platform Offers Flexible, Fast and Easy Online Financing, including Lease and Loan Purchase Options to Lucid Air Customers Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today unveiled Lucid Financial Services, an all-new digital... Read More

Lucid's new factory to bring advanced electric vehicle manufacturing to Saudi Arabia for the first time with a local capacity of 155,000 units New Saudi factory expected to address growing global demand for Lucid electric vehicles by increasing Lucid's global production capacity mid-decade to 500,000 EVs per year Helps... Read More

Q1 revenue of $57.7M driven by customer deliveries of 360 vehicles in the quarter Strong demand with more than 30,000 customer reservations as of today, reflecting potential sales of $2.9B Production volume outlook for 2022 remains on track at 12,000 to 14,000 vehicles Announces new pricing effective June 1 while honoring... Read More

Purchase commitment by the Government of Saudi Arabia by the Ministry of Finance to include award-winning Lucid Air and future Lucid models Among one of the largest-ever purchase commitments of its kind for sustainable electric vehicles Ten-year deal is part of Saudi Vision 2030 and Saudi Green Initiative to transform the... Read More

Lucid Group , Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced it will host a conference call to discuss its first quarter 2022 financial results on Thursday, May 5, 2022 , at 2:30 pm PT / 5:30 pm ET . Prior to the conference call, the company will... Read More

Boston Grand Opening to take place on Saturday, April 16 at 11 a.m. EDT . Manhasset location set to open this Spring. Lucid Group (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced the official opening of its newest Studio location in the Seaport District... Read More

Lucid Air Grand Touring customer deliveries already in progress; deliveries of new Grand Touring Performance model begin June 2022 New Lucid Air Grand Touring Performance delivers 1,050 horsepower, accelerates from 0-60 mph in 2.6 seconds Lucid Air Grand Touring rated at 819 horsepower, surpassing an earlier estimate of 800,... Read More

Lucid Studio Toronto Grand Opening to take place on Saturday, March 26 at 10 a.m. EDT . Lucid Group (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced the official opening of its newest Studio location at the Yorkdale Shopping Centre in Toronto, Ontario.... Read More

Lucid's DreamDrive Pro advanced driver-assistance system features 32 sensors on the vehicle and has been designed to grow in capability over time with software delivered to vehicles over-the-air Lucid's in-house DreamDrive software stack runs on the NVIDIA DRIVE platform, delivering incredible computing power for advanced... Read More

Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced the signing of agreements with the Ministry of Investment of Saudi Arabia ("MISA"), the Saudi Industrial Development Fund ("SIDF"), and the Economic City at King Abdullah Economic City... Read More

Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced financial results for its fourth quarter and full year ending December 31, 2021. The Company's Q4 revenue was $26.4 million , including $21.3 million from initial deliveries of its innovative Lucid Air Dream Edition, which began in October. Lucid delivered 125 cars to customers in the... Read More

Lucid Group (NASDAQ: LCID), which is setting new standards for its advanced luxury electric vehicles (EVs), today announced the official opening of its newest Studio location at The Mall at Short Hills in Short Hills, New Jersey . This location serves as the 22nd in the company's growing North American retail network. "Our new... Read More

Lucid Group, Inc. (NASDAQ: LCID) will host a conference call to discuss its fourth quarter and fiscal year 2021 financial results on Monday, February 28, 2022 , at 2:30 pm PT / 5:30 pm ET . Prior to the conference call, the company will issue an earnings press release with a link to the live webcast on its investor relations website, ir.lucidmotors.com . To enhance engagement with the company's shareholder base and... Read More

Nielsen's (NYSE: NLSN) Gracenote, and Lucid Group (NYSE: LCID) have collaborated to bring innovative and intuitive audio features to the ground-breaking Lucid Air luxury electric vehicle. By integrating Gracenote's Smart Radio data and technology solutions, Lucid's elegant entertainment interface will seamlessly connect... Read More

Lucid Group (NASDAQ: LCID), which is setting new standards with its advanced luxury electric vehicles (EVs), today announced the appointment of Gagan Dhingra as Vice President of Accounting and Principal Accounting Officer, and Mustally Hussain as Managing Director, Global Treasurer and Head of Financial Services. Together, they bring decades of strategic leadership experience in building accounting and financial functions... Read More

Lucid Group ("Lucid") (Nasdaq: LCID), which is setting new standards with its advanced luxury EVs, today announced the full exercise of the 15% "greenshoe" option under the convertible senior notes offering announced on December 8, 2021 , raising an additional $262,500,000 for Lucid's business under this offering and bringing the total gross proceeds to $2,012,500,000 . Comprised of green bonds, this offering means that... Read More

Lucid Group, Inc. (Nasdaq: LCID), which is setting new standards with its advanced luxury EVs, today announced that the company has been added to the Nasdaq-100 Index ® , effective prior to market open on Monday, December 20, 2021 . "We are proud to join the prestigious Nasdaq-100 Index, a recognition of our progress establishing Lucid in the EV market and our future growth strategy," said Sherry House , CFO, Lucid Group.... Read More

Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index ® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 20, 2021. The following six companies will be added to the Index: Airbnb, Inc. (Nasdaq: ABNB), Fortinet, Inc. (Nasdaq: FTNT), Palo Alto Networks, Inc. (Nasdaq: PANW), Lucid Group, Inc. (Nasdaq: LCID), Zscaler, Inc. (Nasdaq: ZS), Datadog,... Read More

Lucid Group, Inc. ("Lucid")(Nasdaq: LCID) today announced the pricing of its offering of $1,750,000,000 aggregate principal amount of 1.25% convertible senior notes due 2026 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The issuance and sale of the notes are scheduled to settle... Read More

Lucid Group, Inc. ("Lucid")(Nasdaq: LCID) today announced its intention to offer, subject to market and other conditions, $1,750,000,000 aggregate principal amount of convertible senior notes due 2026 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Lucid also expects to grant the... Read More

Lucid Group (NASDAQ: LCID), which is setting new standards with its advanced luxury electric vehicles (EVs), today announced it has selected Bank of America as its preferred lending partner. Lucid customers can apply for financing online at Bank of America or work with concierge agents for a seamless financing experience. Lucid began deliveries of the Lucid Air in October and has more than 17,000 reservations across all... Read More

In the news release, Lucid Announces Third Quarter 2021 Financial Results and Lucid Air Wins 2022 MotorTrend Car of the Year, issued 15-Nov-2021 by Lucid Motors over PR Newswire, we are advised by the company that the tables at the end have been added to the release. The complete, corrected release follows: Lucid Announces Third Quarter 2021 Financial Results and Lucid Air Wins 2022 MotorTrend Car of the Year - Lucid Air... Read More

Lucid Group, Inc. (Nasdaq: LCID) ("Lucid" or the "Company"), which is setting new standards with its advanced technologies and luxury electric vehicles ("EVs"), today announced financial results for the third quarter ending September 30 , 2021. Peter Rawlinson , CEO & CTO of Lucid, said, "We are tremendously excited by our accomplishments in our first quarter as a publicly traded company. We successfully began production of... Read More

MotorTrend announced today that the Lucid Air has won the 2022 MotorTrend Car of the Year, the first instance in which the initial product from a new automotive brand has been awarded the "Golden Calipers." MotorTrend's Car of the Year award is considered one of the most prestigious in the automotive industry. The win affirms... Read More

Lucid Group (NASDAQ:LCID), which is setting new standards with its advanced luxury EVs, announced its newest retail location – the Lucid Studio at Tysons Corner Center in the Washington, DC , Metro Area. The new Studio will open its doors to the public on Saturday, November 6 . This location, the 11th in a growing network of... Read More

Lucid Group (NASDAQ: LCID) will host a conference call to discuss its third quarter 2021 results on Monday, November 15, 2021 at 2:00 pm PT / 5:00 pm ET . The company will issue an earnings press release with the dial-in number and a link to the live webcast on its investor relations website at ir.lucidmotors.com prior to the... Read More

Lucid Group, Inc. (NASDAQ: LCID) will host a conference call to discuss its third quarter 2021 results on Monday, November 15, 2021 at 2:00 pm PT / 5:00 pm ET. The company will issue an earnings press release with the dial-in number and a link to the live webcast on its investor relations website at ir.lucidmotors.com prior to the conference call. A replay of the webcast will be available at the same website after completion... Read More

Lucid Group (NASDAQ:LCID), which is setting new standards with its advanced luxury EVs, today announced initial customer deliveries of the Dream Edition launch versions of Lucid Air, which sets new benchmarks in range and efficiency for electric vehicles. The first group of Dream Edition reservation holders are invited to take... Read More

Lucid Group , which is setting new standards with its advanced luxury EVs, today unveiled pricing details of the full Lucid Air lineup for Canadian customers, which starts at $105,000 for Lucid Air Pure. Customers can now reserve all Lucid Air models online from $400 CAD at lucidmotors.com/en-ca/air/reserve . This is the first... Read More

Lucid Group, Inc. (the "Company"), which is setting new standards with its advanced luxury EVs, today announced that all of its public warrants (the "Public Warrants"), which have been listed and traded on The Nasdaq Stock Market ("Nasdaq") under the symbol "LCIDW," will be delisted from Nasdaq effective before market opens on October 13, 2021 . The Company previously announced the redemption (the "Redemption") of all Public... Read More

Lucid Group , which is setting new standards with its advanced luxury EVs, kicked off its Production Preview Week, a series of events during which Lucid opened the doors of its Advanced Manufacturing Plant (AMP-1) and Lucid Powertrain Manufacturing (LPM-1) factories in Casa Grande, Arizona , to members of the media and... Read More

Lucid Group , which is setting new standards with its advanced luxury EVs, today announced that the Lucid Air Dream Edition Range has received an official EPA rating of 520 miles of range. ¹ It is the longest-range electric vehicle ever rated by the EPA – delivering at least 100+ miles of additional range over its closest... Read More

Lucid Group , which is setting new standards with its advanced luxury EVs, today announced that the Company will redeem all of its outstanding public warrants (the "Public Warrants") to purchase shares of the Company's Class A common stock that were issued under the Warrant Agreement dated July 29, 2020 by and between the... Read More

Lucid Group , which is setting new standards with its advanced luxury EVs, today announced Production Preview Week at AMP-1 , a series of events the week of September 27, 2021 , during which Lucid will open the doors of its Advanced Manufacturing Plant (AMP-1) factory in Casa Grande to members of the media and financial... Read More

Lucid Group , which is setting new standards with its advanced luxury EVs, today announced that the limited-run Lucid Air Dream Edition will be produced in two distinct versions – the Dream Edition Performance and the Dream Edition Range – each highlighting a different facet of this exceptional electric luxury sedan. Dream... Read More