Lucid Group eyeing for Europe market after U.S


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Electric auto maker Lucid Group is planning to launch more luxury sedans in Europe later this year as their rival Tesla sets its footprint outside U.S

The company is set to launch its Lucid Air Dream Edition P & R sedans in restricted numbers for customers based out of Germany, Netherlands, Switzerland.

In addition to this, Lucid will price its Lucid Air Dream at about 218,000 Euros ($230,208) in Germany.

With rising raw material cost in the market, it is also aiming to raise the prices of models by the month of June.

But the company will honor the current reservations in a move to avoid the blowback a rival faced.

As per them, they are planning to open its first European retail location in Munich by May 13 expanding the service center locations in Europe.

The company headquartered in California makes its vehicles at the Arizona plant and reiterated its 2022 production volume outlook of 12,000 to 14,000 vehicles.

EVs are six to three times cheaper than gas cars now