EV maker Lucid to launch luxury sedans in Europe in late 2022


(Reuters) – Electric carmaker Lucid Group plans to launch luxury sedans in Europe later this yr, because the Tesla rival goals to develop its footprint outdoors the United States amid sturdy international demand for electrical autos (EVs).

The firm will launch its Lucid Air Dream Edition P and R sedans in restricted numbers for patrons in Germany, Netherlands, Switzerland and Norway in late 2022, it stated in a press release on Tuesday.

Lucid added it will worth its Air Dream Edition P/R at about 218,000 euros ($230,208.00) in Germany.

Last week, the corporate stated it will increase costs for many fashions from June because it offers with rising uncooked supplies prices, however stated it will honor present reservations in a transfer to keep away from the blowback a rival confronted.

Lucid stated on Tuesday it additionally plans to open its first European retail location in Munich on May 13, including it goals to open extra studio and repair middle places in Europe this yr.

The California-headquartered firm, which makes its autos at an Arizona plant, final week reiterated its 2022 manufacturing quantity outlook of 12,000 to 14,000 autos.

($1 = 0.9470 euros)

(Reporting by Shubhendu Deshmukh and Akriti Sharma in Bengaluru; Editing by Sherry Jacob-Phillips)

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