Lucid Announces Third Quarter 2021 Financial Results

Lucid Announces Third Quarter 2021 Financial Results and Lucid Air Wins 2022 MotorTrend Car of the YearLucid Group, Inc. (Nasdaq: LCID) (“Lucid” or the “Company”),which is setting new standards with its advanced technologies and luxury electric vehicles (“EVs”), today announced financial results for the third quarter ending September 30, 2021.

Peter Rawlinson, CEO & CTO of Lucid, said, “We are tremendously excited by our accomplishments in our first quarter as a publicly traded company. We successfully began production of vehicles for customer deliveries, continued investing in capacity expansion of our manufacturing facility in Arizona, and opened new retail and service locations in advance of the Lucid Air launch.

We were also pleased to receive independent validation by the EPA of our industry-leading range of over 500 miles for the Lucid Air. Our progress this quarter demonstrates our focus on execution, our cutting-edge technology, and our vision to help with solutions to address the climate challenges we all face.

We look forward to ramping up production of our Grand Touring, Touring, and Pure models and expanding our footprint internationally.

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