Lucid Motors has released a sneak peek of their upcoming electric crossover, set to join the competitive $50,000 EV market. This new model, positioned below the Gravity, promises to be a stylish and efficient contender with a smaller battery pack but impressive range.
Lucid Group, known for its advanced electric vehicles, will host a Technology & Manufacturing Day on September 10th, featuring a live stream from its Arizona factory. The event will spotlight the upcoming Lucid Gravity SUV, its cutting-edge technologies, and the cost-effectiveness of its manufacturing processes. Attendees will also experience factory tours and test drives of the Lucid Gravity and Air Sapphire.
Lucid Group, Inc. (LCID) has announced the launch of a leasing program in Canada through its financial services division. This move provides Canadian customers with more flexible and competitive options to drive the innovative Lucid Air electric sedan, known for its impressive range and luxury features.
Despite recent struggles, Lucid Motors stock has shown signs of resilience, rebounding after hitting a year-to-date low. Factors contributing to LCID’s struggles include the popularity of hybrid vehicles and layoffs in the EV industry. However, positive analyst coverage and speculation of a potential short squeeze suggest that Lucid may be poised for a turnaround.
