Lucid CEO "Production Start Schedule on Track for Second Half of This Year"

Photo by Bloomberg News

[Asia Economy Reporter Yujin Cho] Lucid Motors, a U.S. electric vehicle company positioning itself as a rival to Tesla, announced that it will begin mass production of its first electric car, the 'Lucid Air,' in the second half of this year.

According to Bloomberg on the 13th (local time), Peter Rawlinson, Lucid's CEO, stated, "The production plant for the Lucid Air is currently in pilot operation," and added, "The production schedule is progressing smoothly to enable customer deliveries within the second half of this year."

Rawlinson, a former senior executive in Tesla's technology division, currently serves as both CEO and Chief Technology Officer (CTO) of the company.

The originally scheduled customer delivery date in the first quarter of this year was delayed several times due to the COVID-19 pandemic and supply chain issues.

Lucid unveiled the Lucid Air in September last year and began accepting pre-orders, with plans to open up to 20 retail stores within the year.

The Lucid Air boasts specifications that allow driving over 500 miles on a single charge, according to the U.S. Environmental Protection Agency (EPA) rating standards.

Founded in 2007, Lucid is a company that changed its name from the U.S. battery manufacturer Atieva in 2016.

In 2018, it secured over $1 billion in funding from Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), and is currently pursuing a listing on the New York Stock Exchange through a merger with a SPAC.

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