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Lucid is on track to launch its midsize electric SUV in 2026, company officials said on Tuesday, as the EV manufacturer wants to tap a fast competitive section of rival rival Tesla’s bestsailing model Y Crossover.
Senior Vice President of Lucid Derek Jenkins said, “There are many crazy things going on in the world that can affect that (timeline). But we are currently on track.”
The company targets the $ 50,000 price point, which will pits the model against the claimants like Ford Mustang Mach-E, Hyundai Ionic 5 and upcoming Rivian R2.
Lucid’s teams are preparing for the assembly lines and working with vendors to move forward with the launch, said IMad Dalala, senior vice president of the electric vehicle manufacturer.
Tariff effect
The lousid Trump is not immune for the tariff of administration, but is working to reduce its effects, interim CEO Mark Winterhoff told Reuters.
While the EV manufacturer does not plan to increase any price, it has signed agreements with battery cells and graphite suppliers to bring production to the United States, said Winterhoff.
He said, “We have those compromises.
Former Tesla Engineer Peter Rolinson, who was the CEO of Lucid for more than five years, resigned in February.
The company supported by Saudi Arabia’s sovereign wealth fund PIF planned to launch the low-cheerful touring variants of the gravitational SUV later this year, starting from $ 79,900. This is a strong demand for the premium model hopes to double its 2025 vehicle production in about 20,000 units.
Lucid began production of its gravity SUV at its Arizona Factory last year, with the customer’s orders for the Grand Touring Trim Open in November.
