Get ready for a new contender in the electric SUV market! Lucid Motors, the company behind the luxury electric sedan, the Lucid Air, has announced that customer orders for its highly anticipated Gravity SUV will open on November 7th.
The initial offering will be for the Grand Touring trim, priced at a hefty $94,900. This flagship model promises an impressive combination of performance and luxury, boasting over 800 horsepower and a projected range exceeding 440 miles. The Gravity is designed to accommodate up to seven adults comfortably, with 120 cubic feet of usable cargo space, including a front trunk (frunk). For those looking for even more seating options, an optional frunk seat can accommodate two adults when the vehicle is parked.
While the Grand Touring model will begin production in late 2024, the Touring trim, priced at $79,900, is expected to start production in late 2025.
Lucid’s CEO, Peter Rawlinson, has expressed his excitement for the Gravity’s potential: “There is a growing anticipation for Lucid Gravity’s unprecedented combination of versatility, performance, design, and all-around capability. This is uniquely enabled through our revolutionary technology. We look forward to bringing the world’s most advanced SUV to the world soon.”
The Gravity aims to be the ultimate SUV, boasting a range of features designed to enhance both performance and practicality. Its electric powertrain, developed in-house by Lucid, promises a responsive and agile driving experience. Additionally, an optional three-chamber air suspension system adapts to different terrains, ensuring a smooth ride and precise handling.
However, the introduction of the Gravity comes at a time when Lucid’s stock (LCID) has been facing challenges. The company’s shares have lost over 38% in the past year. Investors will be watching closely to see how the Gravity performs and if it can revitalize Lucid’s fortunes.
If you’re interested in investing in Lucid, you can gain exposure to the stock through ETFs like the VanEck Green Infrastructure ETF (RNEW) and the First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
With its impressive specifications and innovative features, the Lucid Gravity has the potential to make a significant impact on the EV market. The company’s success hinges on its ability to deliver on its promises and capture a sizable share of the growing SUV market.
