STATEMENT: Lucid presents new electric cars and expansion plans for Europe in Geneva (2)

(Information sent by the signatory company).

STATEMENT: Lucid presents new electric cars and expansion plans for Europe in Geneva (2)

(Information sent by the signatory company)

-Lucid continues ahead: the American manufacturer presents new electric cars and expansion plans for Europe in Geneva

GENEVA, Feb. 26, 2024/PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID) is setting new standards for luxury electric vehicles and looks forward to a promising 2024 with the European debut of three vehicles. At the Geneva International Motor Show, which will take place from February 26 to March 3, 2024, the Gravity1 SUV, the Air Sapphire2 and the rear-wheel drive version of the Air Pure3 will be presented for the first time on the European market. The Californian electric vehicle company also announces expanded service offerings and an updated portfolio of its Air line.

What unites all Lucid cars is a patented technology that allows you to experience tomorrow's automotive technology today. It is characterized by short charging times (up to 400 kilometers in 16 minutes) and a very long range of up to 839 kilometers. Always combined with the elegant design and high-quality interior that Lucid is famous for. Naturally, these attributes also apply to the three new models that Lucid is introducing to the European market at this year's Geneva International Motor Show.

Greater expansion in Europe

Lucid is present in four key European markets: Germany, Switzerland, the Netherlands and Norway. In these countries, the brand has established six Lucid commercial spaces, the so-called Lucid Studios. Located in prime locations, the studios offer an immersive and informative experience about the Lucid Air brand and flagship model.

To underline both the importance and commitment to its European operations, Lucid plans to open four more studios in Germany in 2024: Berlin, Frankfurt, Hamburg and Stuttgart. There, even more customers will be able to book test drives and access the innovative technology, craftsmanship and driving experience that define Lucid. Additionally, the brand plans to significantly expand the European network of Lucid services, both with permanent locations and mobile solutions.

The most efficient electric sedan: Lucid Air Pure RWD

With an energy consumption of just 13.0 kWh/100 km according to WLTP, the new base model is the champion in terms of efficiency. With a maximum power of up to 442 HP/pk/ch, the RWD can reach 100 km/h in 4.7 seconds and has a range of up to 747 kilometers. The electric motor developed and manufactured by Lucid and the new exclusive battery pack guarantee an intense and long-lasting driving experience. With a base price of 85,000 euros*, the Air Pure RWD is the attractive entry-level model of the Californian electric vehicle brand.

Electric SUV redefined: Lucid GravityThe luxury electric SUV of tomorrow: the Gravity accelerates from 0 to 100 km/h in less than 3.5 seconds, has a WLTP predicted range of more than 700 kilometers and a maximum power of more than 800 HP . This is made possible by the latest version of Lucid's award-winning dual engine. Based on an all-new SUV platform, the Gravity offers enough space for seven adults, including luggage, in a luxurious and comfortable interior. The innovative design provides an exceptional and enjoyable driving experience. The 34-inch floating screen with 6K resolution also contributes to this. Production of the Gravity will begin at the end of 2024.

Luxury meets high performance: Lucid Air Sapphire

One of the world's first electric luxury super sports sedans combines cutting-edge technology, sophisticated design and versatility on the road. With three motors for optional driving, the Air Sapphire takes electric performance to the next level. With 1,251 HP, it reaches 100 km/h in about two seconds. At the same time, it reaches a maximum speed of 330 km/h. The expected WLTP range is more than 700 kilometers. Other features include four driving modes, carbon ceramic brakes, a special aerodynamic package and a suspension tuned for the race track. The starting price is 250,000 euros*.

Wallbox and maintenance service included As an additional highlight, Lucid has updated the Air line portfolio this year and offers new equipment features for an even more luxurious experience. These include a wider selection of interior and exterior colors, including the popular Stealth style, which is now available at a lower price. Additionally, the Fathom Blue exterior color is now also available for the Air Touring and Air Grand Touring along with the Air Pure model variant.

Lucid has not only expanded the Air line, but will also offer customers new services in the future: When purchasing a Lucid Air, a Wallbox Pulsar Max charging station (22 kW) is included for convenient charging at home. In addition, a maintenance service is included for a period of two years (or 40,000 km), which provides additional security and complements Lucid's comprehensive warranty.

The Air series is made up of these four models.

Air Pure RWD

Air Touring4

Air Grand Touring5

Air Sapphire

Experience Lucid in EuropeLucid is expanding the opportunity for European electric vehicle enthusiasts and potential buyers to experience the Air up close. At its studios and at the Lucid Air Tour Europe 2024, potential buyers can test drive the luxurious electric vehicle and experience its elegance and performance for themselves. Lucid invites all interested parties to discover the automotive technology of tomorrow today. To book an appointment for a test drive with the latest Lucid Air models, register on this website: https://lucidmotors.com/de-de/request-test-drive

1) Lucid Gravity: Manufacturer's forecast for the top of the range model based on pre-production specifications and internal testing comparable to WLTP test procedures. Official WLTP estimates for the production vehicle will be provided as soon as they are available. Battery range and performance will vary depending on temperature, driving behavior, battery charge and condition, and actual results may differ.

2) Lucid Air Sapphire: Manufacturer's forecast for top-of-the-line model based on pre-production specifications and EPA estimates comparable to WLTP test procedures. Official WLTP estimates for the EU production vehicle will be provided as soon as they are available. Battery range and performance will vary depending on temperature, driving behavior, battery charge and condition, and actual results may differ. The Lucid Air Sapphire has an estimated range of more than 700 kilometers on a single charge. It has a three-motor transmission developed and manufactured in-house and offers a total of 1,251 PS.

3) Lucid Air Pure RWD: The combined WLTP range ranges between 708 and 747 kilometers (20" or 19" tires). Combined electrical energy consumption 13.0-13.7 kWh/100 km, combined CO2 emissions 0g.

4) Lucid Air Touring: The combined WLTP range ranges between 648 and 725 kilometers (21" or 19" tires). Combined electrical energy consumption: 14.1-16 kWh/100km. Combined CO2 emissions 0 g/per kilometer traveled according to the WLTP standardized test procedure.

5) Lucid Air Grand Touring: The combined WLTP range ranges between 783 and 839 kilometers (21" or 19" tires). Combined electrical energy consumption: 14.9-16.1 kWh/100km. Combined CO2 emissions 0 g/per kilometer traveled according to the WLTP standardized test procedure.

The electricity and CO2 consumption values ​​were determined according to Regulation 2017/1151 and apply to the German market. Electrical energy consumption values ​​vary depending on the equipment selected.

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, 73760 Ostfildern, Germany or accessible free of charge at https://www.dat.de/co2/.

More information about the company and its products is available on the Lucid website: https://lucidmotors.com/de-de/

High resolution images of Gravity, Air Sapphire and Air Pure RWD can be found at: LINK

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 factories 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.

Media Contact

Sebastian MichelPR

Camilla JokischServiceplan Public Relations

Forward-Looking StatementsThis communication includes "forward-looking statements" within the meaning of the "safeguard" 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 regarding Lucid vehicles, driving range, features, specifications 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 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. September 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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