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Yesterday, Lucid Group, Inc. (NASDAQ:) introduced the launching of a brand new, quicker Air luxurious sedan with 1,050 horsepower and a 446-mile vary.
The model new Lucid Air Grand Touring Efficiency will likely be priced at $179,000 and can hit the markets in June. Lucid’s earlier Air sedan has impressed drivers and critics all over the world, partly due to the outstanding efficiency of the 1,111 horsepower Dream Version.
Nonetheless, Lucid capped manufacturing of that mannequin to only 520 autos, whereas the brand new Grand Air Touring Efficiency, though will price $10,000 greater than the Dream Version, is not going to be as restricted in manufacturing.
The brand new Air sedan continues to be within the early phases of manufacturing, mentioned Lucid. The electrical car (EV) maker produced roughly 400 autos since its manufacturing started in September, including it had round 25,000 reservations for the Air.
The carmaker expects to ship between 12,000 and 14,000 vehicles in 2022, down from its authentic outlook of 20,000 as international provide chain challenges have weighed on the Air manufacturing.
The corporate determined to construct the brand new model of Air after seeing growing demand for the highly effective luxurious sedan, mentioned Lucid’s CEO Peter Rawlinson. The carmaker was in a position to develop the brand new, even quicker mannequin; due to its “vertical integration,” Rawlinson added.
Following the announcement, Citi analyst Itay Michaeli commented:
“The introduction of latest trims is pretty widespread and so we don’t view this as main information. Nonetheless, if Lucid does see wholesome demand for this new Efficiency trim, it may gain advantage ASPs/combine later this 12 months,” the analyst mentioned in a consumer be aware.
By Senad Karaahmetovic
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