EV maker Lucid's luxury sedan gets 520-mile driving range rating

Reuters2021-09-16

Sept 16 (Reuters) - Lucid Group Inc's Air Dream Edition Range luxury sedan has received U.S. government certification for a range of 520 miles, the electric vehicle maker said on Thursday.

The sedan was the longest-range EV rated by the U.S. Environmental Protection Agency $(EPA.AU)$, the company said. Rival Tesla's Model S Long Range has an EPA estimated range of 405 miles.

EV manufacturers are pushing to extend the driving range of their vehicles in a bid to better compete with gasoline-fueled ones. However, as consumers rapidly transition to EVs, charging infrastructure still remains a concern.

The Biden administration's infrastructure bill includes $7.5 billion for electric vehicle charging stations.

Lucid made its debut on the Nasdaq in July after completing its merger with a blank-check company backed by Wall Street dealmaker Michael Klein in a deal that valued the combined company at $24 billion.

The EV maker in August said it would begin deliveries of fully reserved 'Air Dream Edition Range' cars later this year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
5