Lucid Air Named 2022 MotorTrend Car of the Year

• Lucid Air awarded MotorTrend’s Car of the Year against a formidable field of 24 competitors from major manufacturers
• The win marks the first time that the initial product from a new automotive company has been awarded MotorTrend’s flagship Car of the Year award
• Designed in Silicon Valley and produced in Arizona, Lucid Air delivers an industry-leading 500+ miles of range from Lucid’s proprietary powertrain technology, which is designed and built in-house
• Announcement follows the start of customer deliveries for the fully-reserved Lucid Air Dream Edition

NEWARK, CA — November 15, 2021 — MotorTrend announced today that the Lucid Air has won the 2022 MotorTrend Car of the Year, the first instance in which the initial product from a new automotive brand has been awarded the “Golden Calipers.”

MotorTrend’s Car of the Year award is considered one of the most prestigious in the automotive industry. The win affirms Lucid Air as the new EV benchmark, with the most advanced electric powertrain available today—technology wholly designed, developed, and manufactured in-house.

“Earning this coveted distinction for Lucid Air, our very first car, is a resounding endorsement of our ability to deliver the most advanced electric vehicles in the world,” said Peter Rawlinson, CEO/CTO, Lucid Group (NASDAQ: LCID). “Our objective of achieving range through efficiency and technical innovation is crystallized in Lucid Air, and we’re elated that this effort has been recognized by MotorTrend against such formidable competition from well-established automakers.”

MotorTrend Car of the Year judges evaluated six key criteria for Car of the Year, with Lucid Air excelling at each: efficiency, value, advancement in design, engineering excellence, safety, and performance of the intended function. The Lucid Air was evaluated side by side with 24 highly-regarded vehicles, coming out on top against finalists that included the Mercedes‑Benz S-Class, Mercedes-Benz EQS, Porsche Taycan, Honda Civic, and many more.

“With the longest driving range of any electric vehicle on the market, an EPA estimated 520 miles, and over 1,100 horsepower available, the Lucid Air is a technological tour de force,” said MotorTrend Group Head of Editorial, Ed Loh. “The sleek futuristic Lucid Air sedan looks like nothing else on the road, while its gorgeous, smartly-packaged interior sets the standard for the next generation of luxury cars. Against our award’s criteria, there could be no doubt—the Lucid Air is MotorTrend’s 2022 Car of the Year.”

Lucid recently started customer deliveries of Lucid Air, an EV with a revolutionary approach to automotive layout and engineering packaging that capitalizes on the miniaturization of Lucid’s in-house developed EV powertrain and battery pack. The result is a large and luxurious interior cabin within a beautiful, streamlined exterior design along with a relatively compact footprint.

The optimization of efficiency is exemplified across the Lucid Air model lineup, which includes the longest-range electric vehicle ever rated by the Environmental Protection Agency (EPA)—the Lucid Air Dream Edition Range. Lucid recently announced that with a 118kWh battery pack, it delivers 4.4 miles per kWh when equipped with 19” wheels, 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, and Lucid’s testing indicates 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).

About MotorTrend
MOTORTREND®, a media brand of MotorTrend Group, was founded in 1949 and is internationally recognized as one of the leading brands in the automotive category. The MOTORTREND brand is composed of Discovery’s MotorTrend TV, formerly Velocity; MotorTrend magazine; the award-winning website MotorTrend.com; MotorTrend App subscription video on-demand service; MotorTrend Auto Shows; MotorTrend Audio; MotorTrend en Español; MotorTrend India; and the renowned MotorTrend Car of the Year, SUV of the Year, Truck of the Year, Person of the Year, and Best Driver’s Car awards programs.

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.

Media Contacts
media@lucidmotors.com

MotorTrend Group
Robert Quigley
Robert_Quigley@motortrend.com
323-999-1411

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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.