Lucid (LCID) aims for ‘the heart of the market’ with three new EVs priced around $50,000
Lucid Motors' CFO announced plans to launch three new midsize electric vehicles priced around $50,000, targeting the mass market. These vehicles will be built on a new platform to reduce costs and facilitate scaling. The announcement was made at the UBS Global Industrials and Transportation Conference.
Lucid Motors’ (LCID) CFO confirmed its upcoming midsize vehicles will be priced at “the heart of the market,” starting at around $50,000.
When is Lucid launching its $50,000 midsize EVs?
While Lucid is ramping up output of its first SUV, the Gravity, the luxury EV maker has much bigger plans in the works.
Speaking at a fireside chat at the UBS Global Industrials and Transportation Conference on Wednesday, Lucid’s CFO, Taoufiq Boussaid, offered a few updates on the company’s midsize platform.
The platform will underpin “three different cars with three different top hats,” Boussaid said. This is the first time Lucid will build on the back of a platform, which will cut costs while making it easier to scale, the company’s CFO explained.
