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LCID new 52 week low
LCID new 52 week low
Lucid Motors Debuts the Lucid Air Midnight Dream Edition during the International Motor Show 2023 in Munich
Lucid will participate at the International Motor Show (IAA Mobility) for the first time and debut its limited-production Air Midnight Dream Edition
AMSTERDAM, Sept. 1, 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 will present the Lucid Air luxury electric sedan for the first time at the International Motor Show (IAA Mobility) in Munich and debut the limited-production Air Midnight Dream Edition on 5 September, 2023.
A Dream in Black: The Lucid Air Midnight Dream Edition
The Lucid Air Midnight Dream Edition is a new darkly styled configuration of the Lucid Air that has never before been produced. An Air Dream Edition with Lucid's sinister Stealth theme, it features finely finished, dark polished exterior trim and 21-inch Aero Dream wheels with satin black inserts. It is fitted with a darker, more enigmatic interior inspired by the nighttime Mojave Desert. This exclusive, limited-production luxury electric sedan was created with the European market in mind and will not be available in the U.S.
The Lucid Air Midnight Dream Edition in numbers
-Combined range of up to 799 kilometers according to WLTP
-Combined power consumption: 16.6 kWh/100km according to WLTP
-CO2 emissions: 0g/km
Meet the Lucid Air Lineup
The Lucid Air Midnight Dream Edition will be available for viewing at the Studio located at Odeonsplatz 2, 80539 Munich, during IAA. On Tuesday, 5 September, and Wednesday, 6 September, the Studio will only be open to the media and invited guests. Starting 7 September, the Studio will be open for public viewing of the Air Midnight Dream Edition.
The Lucid Air Pure, the company's most accessible model, will celebrate its premiere on the European stage at Lucid's pop-up studio located at Königsplatz 1, 80333 Munich. The Air Touring and Air Grand Touring models will also be on display in this area. The Königsplatz studio is open daily from Tuesday, 5 September, to Sunday, 10 September, from 10:00 a.m. to 8:00 p.m. The studio will also offer short test drives on the adjacent Arcisstraße 1, 80333 Munich.
The Lucid Air Pure in numbers
-Combined range of up to 725 kilometers according to WLTP
-Combined power consumption: 14.1 kWh/100km according to WLTP
-CO2 emissions: 0g/km
The Lucid Air Touring in numbers
-Combined range of up to 725 kilometers according to WLTP
-Combined power consumption: 14.1 kWh/100km according to WLTP
-CO2 emissions: 0g/km
The Lucid Air Grand Touring in numbers
-Combined range of up to 839 kilometers according to WLTP
-Combined power consumption: 14.9 kWh/100km according to WLTP
-CO2 emissions: 0g/km
Note to Journalists
Journalists who would like to discover the Lucid Air Midnight Dream Edition in person are encouraged to visit the Lucid Studio at Odeonsplatz 2 in Munich on Tuesday, 5 September, between 10:00 a.m. and 6:00 p.m. (IAA accreditation required).
Media Contact
preurope@lucidmotors.com
About the Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Assembled at Lucid's factory in Casa Grande, Arizona, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
https://www.prnewswire.com/news-releases/lucid-motors-debuts-the-lucid-air-midnight-dream-edition-during-the-international-motor-show-2023-in-munich-301915654.html
LCID $$$
I’m looking a little further out, the Gravity needs to come out and get rolling. After that they’re making direct competitors with Tesla Model 3 and Model Y aiming to sell for under $50k - that should really turn this into something special. So give this 3 years - Fingers crossed.
The Sapphire will be priced at $249,000 fully equipped before tax, title, registration, and other fees in the United States. Information about availability for markets outside of North America will be communicated in the future
LCID $$$
Lucid Announces Final Production Specifications for the Lucid Air Sapphire: The World's First Luxury Electric Super-Sports Sedan
-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 package, sport seats, track-tuned suspension, and more.
-Air Sapphire delivers both 1,234 hp and an EPA-estimated range of 427 miles on a single charge, as well as efficiency of 3.61 mi/kWh, representing an extraordinary fusion of capabilities.
-Production of Air Sapphire begins in September, with deliveries to follow soon after.
NEWARK, Calif., Aug. 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 unveiled the final production specs for the highly anticipated Lucid Air Sapphire. As the ultimate fusion of leading-edge technology, refined design, and on-road versatility, the Air Sapphire elevates electric performance to new heights — marking a monumental step forward in automotive innovation.
"With the release of the Lucid Air Sapphire, we are witnessing an unprecedented moment in time. The technology that underpins Sapphire enables an unsurpassed blend of performance, agility, and versatility," said Peter Rawlinson, CEO and CTO, Lucid Group. "The result is an extreme performance car that offers delightful responsiveness and everyday practicality. With the Lucid Air Sapphire, we have once again raised the bar and increased the gap between Lucid and its competitors, creating the world's most well-rounded and versatile high-performance EV."
Game-Changing Electric Performance
With a range that defies expectations, the Lucid Air Sapphire achieves an EPA-estimated 427 miles on a single charge, setting the standard for performance EV capabilities. It houses a three-motor powertrain, all developed and manufactured in-house, which produces a total of 1,234 hp and 1,430 lb-ft of torque. Thanks to the enhanced power delivery provided by the twin rear-drive unit, the Sapphire can travel 0 to 60 mph in just 1.89 seconds and run a quarter mile in 8.95 seconds at 158 mph.
The Sapphire will be priced at $249,000 fully equipped before tax, title, registration, and other fees in the United States. Information about availability for markets outside of North America will be communicated in the future.
Sapphire Design: California Inspiration, Futuristic Sophistication
The Lucid Air Sapphire, like all Air models, seamlessly marries form and function to transform the luxury sedan into an automotive masterpiece. Changes specific to Sapphire include an exterior that is optimized for both downforce and efficiency at high speeds, as well as an exclusive Sapphire Blue exterior paint combined with Lucid's Stealth Look trim. The Aero Sapphire wheels wear specially designed Michelin Pilot Sport 4S tires, offering enhanced performance and increased efficiency, complemented by removable carbon-fiber aero disk wheel covers.
"The Lucid Air Sapphire stands as a remarkable brand halo for Lucid, representing a fantastic example of what our team can accomplish when we combine technology, design, and performance into an unparalleled package," said Derek Jenkins, Senior Vice President of Design and Brand, Lucid Group. "The design of the Lucid Air Sapphire showcases our commitment to automotive aesthetics while delivering a driving experience like no other. It is a testament to our dedication to crafting vehicles that not only perform exceptionally and are exhilarating to drive, but also inspire awe at first sight."
The cabin of the Lucid Air Sapphire extends the purposeful beauty of the exterior with a new interior theme called Sapphire Mojave. The stylish sports seats, designed exclusively for the Sapphire, cradle passengers with considerable support, while maintaining comfort with heating, cooling, and massage functionality.
A Technological Marvel with Leading-Edge Features
The Air Sapphire introduces two specially configured modes and additional performance settings to provide a unique experience behind the wheel. Presenting a lineup of four drive modes, Smooth, Swift, Sapphire, and Track, each mode is optimized for various conditions and styles, influencing the character of the car and behavior of suspension, steering, brakes, torque vectoring, peak power and torque, and thermal controls.
Smooth mode configures the vehicle for comfortable, effortless, highly efficient driving. Moving to Swift mode, which is designed for spirited road driving, maintains comfort while providing a distinctly sporty edge. Sapphire mode ups the ante considerably, combining unmatched power and torque with incredible reflexes and agility, for the ultimate on-road driving experience. Track mode, developed solely for use on racetracks, features three additional sub-modes, Dragstrip, Hot Lap, and Endurance, to further tune and condition the powertrain and battery for optimum performance.
Air Sapphire's powertrain layout, focus on performance, and new features and drive modes position it as distinct in the Air lineup. This future classic provides a luxury experience to the discerning driver while offering an unparalleled experience on the racetrack, resulting in the perfect blend of sophistication and versatility.
Air Sapphire standard equipment includes:
-New twin rear-drive unit that works in tandem with the single motor front-drive unit
-Retuned front and rear springs, bushings, anti-roll bars, and steering software
-Unique adaptive damper control software and tuning for ABS, stability control, brake booster, and electronic power steering (EPS)
-Torque vectoring control algorithms and traction control developed in-house
-Revised front and rear suspension geometry to provide heightened steering response
-New carbon ceramic brakes: Front 420mm rotors with 10-piston calipers, rear 390mm rotors with 4-piston calipers
-Bespoke Aero Sapphire wheels, with diameters of 20 inches in the front and 21 inches in the rear, paired with co-developed Michelin Pilot Sport 4S tires with a special Sapphire-specific compound
-Removable carbon fiber aero wheel covers with center lock nut
-Aluminum roof introduced to reduce total vehicle weight and lower the center of gravity
-Heated and ventilated front sports seats with additional bolster support that retain massage functionality
-Soft-close doors, power opening/closing trunk and frunk
-Ultra-fast 900V+ charging system
-Unique Sapphire-themed on-screen display presenting a lineup of four drive modes – Smooth, Swift, Sapphire, and Track – each influencing the character of the car and behavior of suspension, steering, brakes, torque vectoring, peak power and torque, and thermal controls.
-Elegant and intuitive Lucid UX with 34-inch floating Glass Cockpit
-Extensive over-the-air software update capability
-DreamDrive Pro, Lucid's advanced driver assistance system, with 30+ features and future-ready hardware including the first automotive LIDAR in North America
-21-speaker Surreal Sound Pro immersive audio system with Dolby Atmos compatibility
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Lucid Air Grand Touring features an official EPA estimated 516 miles of range. Assembled at Lucid's factory in Casa Grande, Arizona, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
Media Contacts
media@lucidmotors.com
https://www.prnewswire.com/news-releases/lucid-announces-final-production-specifications-for-the-lucid-air-sapphire-the-worlds-first-luxury-electric-super-sports-sedan-301895475.html
LCID $$$
On August 7, 2023, Lucid LLC, a wholly owned subsidiary of Lucid Group, Inc. (collectively, the “Company”), entered into an Electric Vehicles Purchase Agreement (the “Agreement”) with the Government of Saudi Arabia as represented by the Ministry of Finance (the “Government”). The Agreement supersedes the Letter of Undertaking, which was entered into on April 20, 2022 (the “Letter of Undertaking”), by and between Lucid LLC and the Government, pursuant to which the Government and its entities and corporate subsidiaries undertook to purchase up to 100,000 vehicles from the Company over a ten-year period, with an initial commitment to purchase 50,000 vehicles and an option to purchase up to an additional 50,000 vehicles during such ten-year period. The Letter of Undertaking was previously filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022.
Under the terms of the Agreement, the Government and other beneficiaries specified in the Agreement (collectively, the “Purchaser”) will purchase, whether through outright purchase or otherwise, up to 100,000 vehicles from the Company during the Term (as defined below) pursuant to purchase orders, with a minimum purchase quantity of 50,000 vehicles and an option to purchase up to an additional 50,000 vehicles pursuant to a schedule of annual vehicle purchase quantities set forth therein. The Purchaser may reduce the minimum purchase quantity by the number of vehicles set out in any purchase order not accepted by the Company or by the number of vehicles that the Company fails to deliver within six months from the date of the applicable purchase order.
The purchase price with respect to any vehicle will be the lower of (i) the standard retail price for the relevant vehicle in the relevant market for electric vehicles in Saudi Arabia (exclusive of any applicable taxes) plus the applicable actual and direct costs of transportation, custom duties, government fees, third-party insurance, and any extra equipment or variations made to the relevant vehicle to comply with applicable standards and specifications of Saudi Arabia, which are not included in the standards specifications in the U.S. market (collectively, the “Costs”); and (ii) the standard retail price for the relevant vehicle in the U.S. market (exclusive of any applicable taxes) plus the applicable Costs, subject to adjustments as mutually agreed between the parties for vehicles modified pursuant to specific vehicle configurations or vehicles manufactured at the Purchaser’s request which are not standard configuration vehicles offered by the Company in any key markets.
The Agreement has a term of ten years from the date of the first purchase order, unless terminated earlier pursuant to the terms of the Agreement (the “Term”). The Agreement may be terminated by the Purchaser immediately upon written notice to the Company in the event of bankruptcy, insolvency or receivership, if the Company fails to supply at least one vehicle within a full calendar year, if the Company assigns the Agreement to another party without the consent of the Purchaser or fails to notify the Purchaser of any potential change of control, or if a force majeure prevents the Company from accepting any purchase order or selling or supplying the vehicles for a period of more than 120 business days. In addition, either party may terminate in the event of an uncured breach by the other party.
The Agreement also contains certain other terms and conditions in connection with the purchase, including the obligation of the Company to perform in compliance with the Agreement and purchase orders, standards and specifications applicable to vehicles in Saudi Arabia, and all applicable laws and regulations. Pursuant to the Agreement, the Company will also be subject to certain minimum conditions with respect to its operations in the Kingdom of Saudi Arabia and it will provide warranty for its vehicles for the standard warranty period offered by the Company in the relevant market for electric vehicles in Saudi Arabia or the U.S. market for such vehicle, whichever is more favorable to the Purchaser.
The foregoing description does not constitute a complete summary of the terms of the Agreement and is qualified in its entirety by reference to the copy of the Agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.
https://ih.advfn.com/stock-market/NASDAQ/lucid-LCID/stock-news/91751284/form-8-k-current-report?xref=newsalert
LCID $$$
LCID reports this week
The company sold more stock to raise operating capital and as result increased the already ridiculous float closer to 2 billion shares
Such numbers are usually associated with stocks on Cromwell Coulson’s stock market
Still, there is large professional money ownership like around 85%
Woooohooooo!!!!
Now THAT's what I'm talking about Lucid! I'm telling ya, jump the price up to $500k and watch those profit margins really take off and make us shareholders happy!!!
Woot!!!
Lucid says this makes it “not only the most powerful electric sedan ever produced but also the most powerful sedan in the world.”
The Lucid Air Sapphire features nearly 200 more horsepower than the Tesla Model S Plaid. It can go zero to 60 mph in under two seconds, zero to 100 in under four, and a standing quarter mile in less than nine seconds.
To prove its claims, the team over at Hagerty put it up to the test alongside a Buggati Chiron and Ducati motorcycle, and the Sapphire smoked them all, making it the quickest production car they have ever seen. You can watch the video here: https://electrek.co/2022/12/20/lucid-air-sapphire-crushes-tesla-model-s-plaid-bugatti-chiron-ducati-quarter-mile/
LCID $$$
Lucid teases $250K Air Sapphire EV on the assembly line, will be available soon:
https://electrek.co/2023/07/27/lucid-lcid-teases-250k-air-sapphire-ev-available-soon/
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