Lucid Motors To Launch Luxury EV Sedans Later This Year

Electric vehicle manufacturer Lucid is planning to launch luxury sedans in Europe later in 2022.

In a Tuesday statement, the EV company said it will launch a limited number of its Lucid Air Dream Edition P and R sedans for customers in Germany, Switzerland, Norway, and the Netherlands, adding that it would price its Air Dream Edition P/R at approximately €218,000 in Germany.

Last week, Lucid said it would increase prices for most of its models from June amid rising raw material costs. However, it said it would honour current reservations.

Tuesday also saw Lucid announce plans to open its first European location in Munich on May 13. Furthermore, the company will aim to open additional studio and service centre locations in Europe this year. 

Last week, Lucid Motors reiterated its 2022 production volume outlook of 12,000 to 14,000 vehicles. Its European launch comes as rival Tesla pushes to expand its footprint outside of the US amid increased global demand for EVs.

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