Dreams Come True: Lucid Confirms First Customer Deliveries to Take Place on October 30

NEWARK, Calif., Oct. 27, 2021 /PRNewswire/ -- Lucid Group (NASDAQ:LCID), which is setting new standards with its advanced luxury EVs, today announced initial customer deliveries of the Dream Edition launch versions of Lucid Air, which sets new benchmarks in range and efficiency for electric vehicles. The first group of Dream Edition reservation holders are invited to take delivery of their vehicles on Saturday, October 30. Highlights will be shared on Lucid's social media channels throughout the weekend. The Dream Delivery event follows the company's start of production last month at Lucid's factory in Casa Grande, Arizona, the first greenfield, dedicated electric vehicle manufacturing facility in North America.

Upon receipt of their cars, these initial customers will embark upon the inaugural Lucid Rally, hosted by members of the company's leadership team on a route that showcases the vehicle's standout ride, handling, and performance capabilities, before departing in their personally-configured Lucid Air Dream Edition, reflecting their preference of Range or Performance models.

All Dream Edition models are equipped with a special 118kWh version of Lucid's long-range battery pack, featuring 22 modules totaling 6,600 cylindrical cells with a chemistry engineered to optimize performance and range. The Dream Edition Range achieves an estimated 520 miles on a single charge according to the Environmental Protection Agency (EPA), making it the longest range for any electric car rated by the organization. It delivers 4.4 miles per kWh, a mark surpassed only by another version of Lucid Air, the Grand Touring, which features a 112kWh battery pack and achieves 4.6 miles per kWh. The Dream Edition Performance model offers 1,111 horsepower, achieving a 0-60 mph time of just 2.42 seconds and a quarter-mile time of 9.67 seconds (with the 21" wheels and tire package) – while still capable of an EPA-estimated 471 miles of range (with the 19" wheel and tire package).

"Creating the Lucid Air has truly been a labor of love, with customer deliveries representing the culmination of years of endeavor from the entire Lucid team," said Peter Rawlinson, CEO and CTO, Lucid Group. "So I'm truly excited to hand the keys to our first dear customers and accompany them on an inaugural drive through the iconic California countryside."

Lucid plans to deliver 520 customer-configured Lucid Air Dream Editions, followed by deliveries of Lucid Air Grand Touring versions. Touring and Pure models are anticipated for delivery to customers during 2022.

About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating the most captivating electric vehicles, centered around the human experience. The company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design underpinned by race-proven technology. Lucid Air features a luxurious full-size interior space in a mid-size exterior footprint. Customer deliveries of Lucid Air, which is produced at Lucid's new factory in Casa Grande, Arizona, will begin on October 30, 2021.

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Forward-Looking Statements
This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements include, but are not limited to, statements regarding the Company's expectations related to the start of production and deliveries of the Lucid Air and Lucid Gravity, the performance, range, and other features of the Lucid Air, construction and expansion of the Company's AMP-1 manufacturing facility, and the promise of the Company's technology.  These statements are based on various assumptions, and actual events and circumstances may differ. Forward-looking statements are subject to a number of risks and uncertainties, including factors discussed in the Company's Registration Statement on Form S-1, as amended, the Company's Annual Report on Form 10-K/A for the year ended December 31, 2020 and the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, in each case, under the heading "Risk Factors," as well as other documents of the Company that are filed, or will be filed, with the Securities and Exchange Commission. If any of these risks materialize or the Company's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company does not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company's expectations, plans or forecasts of future events and views as of the date of this communication. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this communication.

SOURCE Lucid Motors

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http://www.lucidmotors.com

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