Lucid Confirms First Customer Deliveries to Take Place on October 30

Designed and developed in Silicon Valley and manufactured in Arizona, Lucid Air is the world’s first 500-mile electric vehicle

NEWARK, Calif. – 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 delivery of their vehicles on Saturday, October 30. Highlights will be shared on Lucid’s social media channels throughout the weekend. The Dream Delivery event follows the company’s start of production last month at its factory in Casa Grande, Arizona, the first greenfield, dedicated electric vehicle manufacturing facility in North America.

Upon receipt of their cars, these initial customers will embark upon the inaugural Lucid Rally, hosted by members of the company’s leadership team on a route that showcases the vehicle’s standout ride, handling, and performance capabilities, before departing in their personally-configured Lucid Air Dream Edition, reflecting their preference of Range or Performance models.

All Dream Edition models are equipped with a special 118kWh version of Lucid’s long-range battery pack, featuring 22 modules totaling 6,600 cylindrical cells with a chemistry engineered to optimize performance and range. The Dream Edition Range achieves an estimated 520 miles on a single charge according to the Environmental Protection Agency (EPA), making it the longest range for any electric car rated by the organization. It delivers 4.4 miles per kWh, a mark surpassed only by another version of Lucid Air, the Grand Touring, which features a 112kWh battery pack and achieves 4.6 miles per kWh. The Dream Edition Performance model offers 1,111 horsepower, achieving a 0-60 mph time of just 2.42 seconds and a quarter-mile time of 9.67 seconds (with the 21″ wheels and tire package) – while still capable of an EPA-estimated 471 miles of range (with the 19″ wheel and tire package).

“Creating the Lucid Air has truly been a labor of love, with customer deliveries representing the culmination of years of endeavor from the entire Lucid team,” said Peter Rawlinson, CEO and CTO, Lucid Group. “So I’m truly excited to hand the keys to our first dear customers and accompany them on an inaugural drive through the iconic California countryside.”

The company plans to deliver 520 customer-configured Lucid Air Dream Editions, followed by deliveries of Lucid Air Grand Touring versions. Touring and Pure models are anticipated for delivery to customers during 2022.

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