Lucid Group Announces Key Leadership Appointments to Bolster Expansion Activities and Further Enhance Technical Excellence

NEWARK, CA — December 2, 2021 — Lucid Group (NASDAQ: LCID), which is setting new standards with its advanced luxury EVs, today announced the appointment of Ralph Jakobs as Vice President of Program Management, Zak Edson as Vice President of Sales and Service and Emad Dlala as Vice President of Powertrain. Each bringing a wealth of expertise from automotive and high-tech companies such as Volkswagen Group and Tesla, their appointments demonstrate Lucid’s commitment to delivering award-winning automotive products to the world and accelerating the adoption of highly efficient electric vehicles (EVs).

“Ralph brings decades of global automotive experience and passion that will help further establish core operational foundations, thereby allowing Lucid to scale across product lines critical to our next phase of growth,” said Peter Rawlinson, CEO and CTO, Lucid. “The promotions of Emad and Zak reflect their years of significant contributions to Lucid in developing breakthrough technology and building a network to support the customer journey as we deliver Lucid Air to the world.”

Mr. Jakobs brings 23 years of automotive experience to Lucid, including a series of technical and engineering roles. His resume includes management positions in Europe, the U.S., and China, where he was the CTO for Volkswagen and Audi at their largest joint venture. Jakobs successfully managed global vehicle programs and engineering teams to achieve crucial on-time, on-budget launches. Ralph brings with him a commitment to execution through building strong teams and scalable processes. After spending two years outside the automotive industry, he decided to return and follow his passion for EV technology with Lucid Motors.

Dr. Dlala, previously Sr. Director of Efficiency and Energy Technology, has been with Lucid in various key technical roles since 2015. He has been instrumental in leading Lucid’s breakthrough technologies that achieved unmatched range and performance in the Lucid Air. With his relentless pursuit for excellence and sheer commitment, Dlala brings world-class, science-based engineering methodology to his current leadership role. Prior to Lucid, he worked at ANSYS Inc. developing cutting-edge, computer-based engineering simulation innovations for automotive and aerospace applications. Emad holds a PhD in electrical engineering from Aalto University, Finland. Responsible for leading powertrain and battery engineering, Dlala will continue to create remarkable differentiation for Lucid technology.

Mr. Edson, previously Sr. Director of Sales and Service, has held a series of senior management positions at EV companies including Tesla and SERES EV. Edson brings a passion for extending Lucid’s commitment to Excellence into the customer journey during the purchase process and ownership experience. Prior to Lucid, Edson served as Vice President of Product Management, Marketing and Sales at SERES EV, where he led go-to-market, retail, and service center planning. At Tesla, Edson worked as Director of Global Product Planning and helped navigate through the company’s IPO. Edson will lead his team to deliver on the next phase of Lucid, building lasting relationships with customers.

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, are underway.

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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 September 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.