Lucid Motors - New model lines set to significantly boost sales!
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Business Driver: Lucid Motors (LCID) has focused on high-end electric cars. Among the most well-known models are the Lucid Air and the SUV model Lucid Gravity, which will be available starting in 2024. For 2026, Lucid plans to enter the volume market with a more affordable mid-range SUV starting at $50,000. Currently, like many other heavyweights in the electric vehicle segment, Lucid Motors is suffering from weak sales development, which has been significantly worsened after the removal of subsidies for purchasing an electric vehicle following...
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