Tuesday, December 7, 2021
HomeTechnologyLucid touts 17,000-plus Air EV reservations after successful IPO

Lucid touts 17,000-plus Air EV reservations after successful IPO

Lucid will be chaotic.


Lucid’s owning a really superior year. It sent its first Air EVs to shoppers, navigated a successful preliminary public featuring and locked in a Tesla-beating vary rating from the EPA. Extra good information: The startup claimed about 17,000 reservations for the Air electric powered sedan in its 3rd-quarter earnings launch this 7 days. 

Back in September, the budding EV maker described around 13,000 reservations, but as of Nov. 15, Lucid claimed the figure is now 17,000-additionally. It truly is by no means a lousy detail to see fascination increase for a company which is under no circumstances designed a automobile right before. Although Lucid builds its initial autos and carries on delivery of the Air EV, it is still quite fast paced expanding.

The company’s sole manufacturing unit in Scenario Grande, Arizona, stays below construction. The subsequent major venture is Phase 2 building to incorporate 2.85 million square toes to the plant, financed by the $4.8 billion cash the enterprise has on hand adhering to its IPO. When it’s finish, Lucid claimed it will have the means to construct 90,000 cars and trucks for each calendar year. They would not all be Air sedans, while. The startup’s also focused on bringing to existence its next automobile: the Gravity electrical SUV.

Lucid will keep on delivering the Air in Dream Edition trimmings before it turns its aim to other trims.

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