Lucid Group Plans October Delivery Of Its First EV

[Auto Styling News]

Electric startup Lucid Group Inc. said Tuesday that it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major new challenge to the market leader.

The company noted it has received more than 13,000 advance reservations for its Lucid Air model.

The California-based Lucid began production of the long-delayed Lucid Air vehicles at its Arizona factory this week, and said it plans to ramp plant's capacity up to 90,000 vehicles annually in the next two years - an ambitious goal, for sure.

The first Lucid Air will come at a hefty price tag, but many will believe the 1,000 hp performance, which takes it from zero to 60 mph in 2.5 seconds, earns every penny.

A high-end model, the Lucid Air Dream Edition, priced at $169,000, received an official U.S. government rating of a 520-mile driving range. That's 100 miles more than its closest rival, Tesla's Model S, which is priced at $89,990.  And the company says it will take a mere 20 minutes to charge a vehicle so that it will go 300 miles.

Lucid says cheaper models will follow, including the Lucid Pure, which will go for a mere $77,000.

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Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.