Tesla Rival Lucid To Commence Lux EV Rollout Irrespective of Worldwide Chip Scarcity

A Lucid Air Grand Touring electrical luxury vehicle is displayed at the Lucid Motors Inc. studio and services middle on February 25, 2021 in Beverly Hills, California. PATRICK T. FALLON/AFP via Getty Photos

Silicon Valley electric automobile startup Lucid Motors said Tuesday it will begin transport its hotly predicted luxurious EV assortment in Oct at a time when opponents are struggling to generate new automobiles thanks to a world semiconductor scarcity.

Lucid will debut four EV types. The leading-conclude Lucid Air Desire Version, priced at $169,000, will be available in late October, followed by the fewer expensive Air Grand Touring ($135,000), Air Touring ($95,000) and Air Pure ($77,400). All costs are just before the potential $7,500 federal tax credit and other tax personal savings.

In accordance to its web site, the Air Aspiration Version is presently thoroughly booked. Lucid said it has obtained much more than 13,000 reservations throughout all four Air products.

A model of the Lucid Air Aspiration Edition not long ago acquired an EPA assortment score of 520 miles (837 km), which is the longest array for any electric motor vehicle rated by the agency and about 100 miles more time than Tesla’s Model S, a close rival priced at $89,990.

The next-level Lucid Air Grand Touring has an EPA ranking of 516 miles on a single cost. Lucid’s CEO and CTO Peter Rawlinson, a previous Tesla engineer identified for his function on Design S, explained the longer array is manufactured possible by the company’s proprietary battery engineering.

“Our know-how will make it possible for for progressively lighter, more effective, and significantly less high-priced EVs, and currently signifies a key move in our journey to extend the accessibility of far more sustainable transportation,” Rawlinson explained Tuesday from the company’s Arizona manufacturing facility.

Rawlinson left Tesla in 2012 and joined Lucid the next 12 months as its main technology officer to oversee the growth of Lucid Air.

Lucid’s EV rollout came at an uncommon time when the automobile field is fraught with a world chip scarcity.

The present-day wait time for Tesla Design S and Model X is 3 to six months. Other preferred EV products, this kind of as Volkswagan’s ID.3 and BMW’s X5 PHEV, have a comparable wait around time, according to the vehicle evaluation web page What Vehicle.

Lucid is experience the affect of the chip scarcity as very well. The firm explained in June it’s evaluating alternate options to the semiconductors it experienced planned to use as it prepares to commence comprehensive creation of its Air sedans. This 12 months, it expects to ship only about 500 cars, with ideas to ramp up manufacturing to up to 90,000 automobiles a year by 2023. That would be to Tesla’s potential in 2017. Tesla has expanded noticeably because then. Final yr, it pushed extra than fifty percent a million automobiles off the assembly line between its Fremont, Calif. and Shanghai Gigafactories.

Lucid went general public on the New York Stock Exchange in July via a reverse merger with the SPAC Churchill Capital Corp IV. Shares have jumped much more than 25 percent given that the debut.

Tesla Rival Lucid Sets Delivery Date for an EV With Longer Range Than Model S

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