Dreams Come True: Lucid Confirms First Customer Deliveries to Take Place on October 30 - 1

• Customer deliveries of Lucid Air begin October 30 with an exclusive Dream Delivery event in California
• Designed in Silicon Valley and produced in Arizona, Lucid Air delivers next-level efficiency from Lucid’s in-house developed and manufactured powertrain technology
• The limited-run Dream Edition features a 118kWh battery pack and delivers up to 1,111 horsepower or 520 miles of range

NEWARK, CA — October 27, 2021 — 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.

Media Contact
media@lucidmotors.com

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