AMSTERDAM, Sept. 28, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for the luxury electric experience with Lucid Air, winner of the 2023 World Luxury Car Award, today announced the official opening of its latest European retail store in Düsseldorf, Germany. The Düsseldorf Studio is Lucid's fifth commercial space in Europe and second in Germany.

Located in the heart of Düsseldorf, on the iconic Königsallee, the newest studio marks Lucid's growing presence in Europe and its commitment to delivering exceptional electric vehicles throughout Germany.

"We are delighted to open our second studio in Germany, a country passionate about cars and the environment," said Zak Edson, vice president of sales and service at Lucid Group. "The reception we received after opening our first store in Munich confirmed that German customers are ready for Lucid. The Autobahn-adapted Lucid Air has exceptional range, a unique design, incredible performance and superior charging times. We look forward to share it with the Düsseldorf community."*

Visitors can join us at the Lucid Düsseldorf Studio on Friday, September 29, starting at 11:30 a.m. with the opening ceremony and the grand opening. Test drives can be arranged in advance by contacting the Studio directly.

Experience Lucid AirEach Lucid Studio offers the customer an up-close look at the award-winning Lucid Air, underscoring the company's unique design aesthetic and providing the opportunity to learn more about Lucid's products and technology, designed and manufactured in California.

About Lucid GroupLucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles focused on the human experience. The company's first car, the Air, is a next-generation luxury sedan with a California-inspired design. Assembled at Lucid's factory in Casa Grande, Arizona and King Abdullah Economic City (KAEC), Saudi Arabia, Lucid Air deliveries are currently underway to customers in the US, Canada, Europe and the Middle East.

Lucid Düsseldorf StudioKönigsallee 9040212 Düsseldorf 49 230 21 88 43 09lucidmotors.com

*Lucid Air Pure: Combined electrical energy consumption 14.1 - 15.7 kWh/100 km, combined CO2 emissions 0 g. Lucid Air Touring: Combined electrical energy consumption 14.1 - 16.0 kWh/100 km, combined CO2 emissions 0 g. Lucid Air Grand Touring: Combined electrical energy consumption 14.9 - 16.1 kWh/100 km, combined CO2 emissions 0 g. Lucid Air Dream Edition performance: Combined electric power consumption 15.3 - 16.6 kWh/100 km, combined CO2 emissions 0 g. Lucid Air Dream Edition range: Combined electrical energy consumption 15.0 - 16.0 kWh/100 km, combined CO2 emissions 0 g

The electricity and CO2 consumption values ​​were determined based on Regulation 2017/1151 and are for the German market. Electrical energy consumption values ​​vary depending on the selected specification.

More information on the official fuel consumption, official specific CO2 emissions and electricity consumption of new passenger cars can be found in the 'Guide to fuel consumption, CO2 emissions and electricity consumption of new passenger cars' , which is available free of charge at all points of sale and at DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, or which can be accessed free of charge at https://www.dat.de/co2/.

Media ContactSebastian MichelRRPP and Communications Europe, Lucid Motorspreurope@lucidmotors.com

Camilla JokischServiceplan Public Relations

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

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 can be identified by the use of words such as "estimate," " plan", "project", "forecast", "intend", "will", "shall", "expect", "anticipate", "believe", "seek", "aim", "continue", "could, ""may", "will", "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 regarding plans and expectations with respect to the new Düsseldorf study, Lucid vehicles and the range, features, specifications and promise of Lucid technology. These statements are based on various assumptions, whether or not identified in this communication, and the current expectations of Lucid management. These forward-looking statements are not intended to serve as a guarantee, assurance or definitive statement of fact or probability, and should not be relied upon as such by any investor or consumer. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond Lucid's control. These forward-looking statements are subject to a number of risks and uncertainties, including the factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended December 30. June 2023, 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 the results implied by these forward-looking statements. There may be additional risks that Lucid is not currently aware of or that Lucid 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 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 assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed on forward-looking statements.

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