RELEASE: Lucid Motors opens its first workshop in Oslo (Norway)

(Information sent by the signatory company).

RELEASE: Lucid Motors opens its first workshop in Oslo (Norway)

(Information sent by the signatory company)

- Lucid Motors opens its first workshop in Oslo (Norway) and hires Michael van der Sande as general manager for Europe.

AMSTERDAM, March 3, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), which sets new standards with the longest-range, fastest-charging electric car on the market, today announced the opening of its new retail location European sales outlet in Oslo, Norway. The one in Oslo is the fourth point of sale in Europe and will open its doors to the public on Saturday, March 4. The studio opening will be attended by the newly appointed CEO of Lucid Europe, Michael van de Sande.

The Oslo studio is Lucid's first in the Nordic countries and is located in the heart of the city at Karl Johans gate 16C. This milestone marks another step in the company's mission to inspire the adoption of sustainable energy on a global scale.

"We are delighted to open this new studio in Oslo, Norway, a country at the forefront of electric vehicle adoption and charging infrastructure," said Michael van der Sande, CEO of Lucid Europe. We are confident that Norwegian customers will appreciate the exceptional range, unique design, incredible interior space and benchmark charging times offered by the Lucid Air range."

EV and sports sedan enthusiasts in the area are invited to visit the Lucid Studio on Saturday, March 4 starting at 10:30am for the grand opening. Interested parties can contact the Lucid headquarters in Oslo to book a test drive of the Lucid Air.

study experience

Each Lucid Studio offers a digitally oriented luxury experience tailored to each client's preferences, whether visiting in person, consulting fully online, or a combination of both. Lucid Studios allow customers to experience the brand and learn about its products in locations that highlight the company's unique design aesthetic. Visitors who step inside the Lucid Studios will get a glimpse of how the company draws its inspiration from the beauty, innovation and diversity of its home state of California.

Europe Leadership Update

In addition to the upcoming studio opening, Lucid has announced the appointment of Michael van der Sande as the new General Manager for Europe, reporting directly to Peter Rawlinson, Lucid's CEO and CTO.

With more than 30 years of experience in the high-performance and luxury automotive industry, van der Sande brings a wealth of knowledge and experience to his new role. He will work in Amsterdam, at Lucid's European headquarters.

Van der Sande stated: "Having followed the development of Lucid over the years, I am confident that the Lucid Air is the best electric car on the market today. I am delighted to be joining Lucid and look forward to working with the team further. both sides of the Atlantic to bring our cutting-edge electric cars to customers across Europe."

Prior to joining Lucid, Michael was General Manager of Specialty Vehicle Operations for Jaguar Land Rover and held other management roles including Senior Vice President and General Manager of Alpine Cars, Commercial Director of Aston Martin and Senior Vice President of Global Sales, Marketing and Services. from Tesla. Michael has an MBA from Nyenrode Business University.

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 on the human experience. Lucid Air is a state-of-the-art luxury saloon with a California-inspired design that offers full-size interior space in a mid-size exterior footprint. Lucid Air Dream Edition has an official WLTP autonomy of up to 883 kilometers or up to 1,111 horsepower. Produced at Lucid's Casa Grande, Arizona factory, deliveries of the Lucid Air are already underway to customers in the United States, Canada, Europe and the Middle East.

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forward-looking statements

This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the US 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", "believes", "seeks", "target", "continue", "could", "may" , "could", "possible", "potential", "predict" or other similar expressions that predict or indicate future events or trends or are not statements of historical matters. These forward-looking statements include, but are not limited to, statements about plans and expectations regarding the new Lucid Studio in Oslo, Norway, including expectations about the studio experience, and the promise of Lucid technology. These statements are based on various assumptions, whether or not identified in this communication, and the current expectations of Lucid's management. These forward-looking statements are not intended to serve as a guarantee, assurance, or definitive statement of fact or probability, nor should they be considered by any investor as such. Actual facts and circumstances are difficult or impossible to predict and may differ from these forecasts. Many actual events and circumstances are beyond Lucid's control. These forward-looking statements are subject to a number of risks and uncertainties, including factors discussed under the heading "Risk Factors" in Part I, Item 1A of Lucid's Annual Report on Form 10-K for the year ended December 31. December 2022, as well as other documents that Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from results implied by these forward-looking statements. There may be additional risks that are not currently known to Lucid or are currently considered irrelevant by Lucid and could also cause actual results to differ from those contained in any forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts regarding future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's valuations to change. However, while Lucid may choose to update these forward-looking statements at some time in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be considered representative of Lucid's valuations at any date after the date of this communication. Accordingly, undue reliance should not be placed on forward-looking statements.

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