Lucid to start deliveries of electric cars with range exceeding Tesla’s in October By Reuters – Investing.com
- Date: 29-Sep-2021
- Source: Investing.com
- Sector:Transport
- Country:Saudi Arabia
Lucid to start deliveries of electric cars with range exceeding Tesla’s in October By Reuters – Investing.com
By Hyunjoo Jin
CASA GRANDE, Ariz. (Reuters) - Lucid Group Inc said on Tuesday it will start delivering its luxury electric sedans with a Tesla-beating driving range in late October, in a major challenge to the market leader whose sales of premium models have stagnated.
The California-based startup began production of its long-delayed Lucid Air cars at its Arizona factory on Tuesday. The company, founded in 2007, received funding from Saudi Arabia's Public Investment Fund in 2018 before going public via a shell company in July.
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