Lucid plans to enter European markets this year

Reuters2022-01-05

Jan 4 (Reuters) - Lucid Group said on Tuesday it would expand into European markets in 2022, as demand for electric vehicles soar after several countries pledged to end dependence on fossil fuels for mobility.

"Expansion to European markets will begin this year. Stay tuned for country-specific delivery information," the California-based electric carmaker tweeted

Reservations for the company's Lucid Air luxury sedan rose to 13,000 in the third quarter ended Sept. 30, reflecting an order book of about $1.3 billion and since then rose to beyond 17,000 when the company reported quarterly results in mid-November.

Lucid had said that it saw significant demand for the car as it ramps up production at their factory in Arizona and was confident of achieving 20,000 units in 2022.

Chief Executive Officer Peter Rawlinson had said in October 2021 that the launch of the Lucid Air sedan was set to happen in the Middle East and Europe in 2022 and China in 2023.

Last month, the company received a subpoena from the U.S. securities regulator seeking documents related to an investigation into its blank-check deal.

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Comments

  • breAkdaWn
    2022-01-11
    breAkdaWn
    Lucid has big big hype! make Lucid affordable so that even  i can buy it! basically EVs are just a shoe box packed with battries!
  • RichardNeo
    2022-01-07
    RichardNeo
    Like and comment.This is good news
  • kkennn
    2022-01-05
    kkennn
    Like tyyy
  • masran
    2022-01-05
    masran
    good news
  • nummiebuddy
    2022-01-05
    nummiebuddy
    Help
  • CharlesKing
    2022-01-05
    CharlesKing
    Like and comment plz👇👇👇
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