Lucid Launches Lucid Financial Services in Germany

Digital Platform Offering Online Financing, including Lease and Loan Purchase Options, Will Be Available to Lucid Air Customers in Germany

Lucid Air

MUNICH – October 25, 2023 – Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced the launch of Lucid Financial Services in Germany. Lucid has introduced a digital platform through its strategic banking partner CA Auto Bank, operating under the trademark of Lucid Financial Services, that offers a flexible, fast and easy financing process, including lease and loan purchase options to Lucid Air customers.

The Lucid Financial Services digital platform enables all aspects of the vehicle purchasing process to be completed online, including the finance application and e-signing of the finance contract. Lucid Financial Services also offers a concierge service with a high-level of personalized support that can assist customers in navigating the application process. The brand enters the German market with highly competitive financial products, such as leasing of the Lucid Air Pure starting at 999.00 Euro* incl. VAT and loan of any Lucid model at an effective rate of 2.49%**.

“We are delighted to provide our Lucid customers in Germany with financing options, including lease and loan purchase so they can experience the exceptional range, design, and performance that comes with a Lucid Air,” said Mustally Hussain, Managing Director, Global Treasurer and Head of Financial Services, Lucid Motors. “This would not have been possible without the support from our innovative partner CA Auto Bank. We are transforming vehicle financing with digital solutions that will make it easier for customers to become a member of the Lucid community.”

“We’re proud to be standing alongside a prestigious and innovative brand like Lucid with our cutting-edge digital solutions,” stated Giacomo Carelli, CEO and General Manager of CA Auto Bank. “New technologies are key tools for the CA Auto Bank’s business: we believe digitalization and green mobility go hand in hand – now and in the future. As a European leader in the digital customer journey, our aim is to be a model for innovation and access to increasingly sustainable mobility”.

In September 2023, Lucid and CA Auto Bank announced their partnership in Germany, Switzerland and the Netherlands. Under the agreement, CA Auto Bank offers its tailor-made financial solutions, which include loans and leases, to assist business clients and individuals in their selection of vehicles from Lucid’s lineup.

* Unverbindliches Leasingbeispiel mit Kilometerabrechnung für Privatkunden der Lucid Financial Services, CA Auto Bank S.p.A. Niederlassung Deutschland, Salzstraße 138, 74076 Heilbronn. Fahrzeuggesamtpreis 109.000 €, inkl. Überführungskosten, Leasingsonderzahlung 9.508,02 €, Gesamtfahrleistung (km) 15.000, Laufzeit 36 Monate, Monatsrate à 999 €. Alle Preise verstehen sich inklusive aktuell gültiger Mehrwertsteuer. Die Kalkulation stellt zugleich ein repräsentatives Beispiel im Sinne des § 6a PAngV dar. Verbrauchern steht ein Widerrufsrecht nach § 495 BGB zu.

**  Unverbindliches Finanzierungsbeispiel für Privatkunden der Lucid Financial Services, CA Auto Bank S.p.A. Niederlassung Deutschland, Salzstraße 138, 74076 Heilbronn. Fahrzeuggesamtpreis 109.000,00 €, inkl. Überführungskosten, Anzahlung 21.000 € , Laufzeit 48 Monate, Nettodarlehensbetrag 88.000 €, Sollzinssatz p.a. (gebunden) 2,44% , effektiver Jahreszins 2,49% , Gesamtbetrag 92559,45 €, 1. Monatsrate 1.990,45 €, 47 Folgeraten à 1.927 €. Alle Preise verstehen sich inklusive aktuell gültiger Mehrwertsteuer. Die Kalkulation stellt zugleich ein repräsentatives Beispiel im Sinne des § 6a PAngV dar. Verbrauchern steht ein Widerrufsrecht nach § 495 BGB zu.

Lucid Financial Services is a trademark owned by Lucid Group Inc and its affiliates and is licensed to CA Auto Bank CA which provides the financing referred to above and is authorised and regulated by the relevant authorities.

About Lucid Group
Lucid’s mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company’s first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Assembled at Lucid’s factories in Casa Grande, Arizona and King Abdullah Economic City (KAEC), Saudi Arabia, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.

Media Contact
Sebastian Michel
PR & Communications Manager Europe Lucid Motors

Camilla Jokisch
Serviceplan Public Relations & Content GmbH & Co. KG

This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

Forward-Looking Statements
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