Although Tesla Model S Long Range Plus has a certified range of more than 400 miles, Lucid Motors Inc.’s range of 500 miles – if certified – could grasp the game, set, and compete with this brand new e-sedan.
Lucid Motors, an electric vehicle startup, which intends to commence with selling its first luxury model, the Lucid Air, in the beginning of 2021, and that the brand new sedan is the first to reach a 500-mile driving range.
The Lucid Air has an assessed range of 517 miles (832 km), as confirmed in independent testing, Lucid stated.
Peter Rawlinson, Lucid’s Chief Executive told Reuters that Air will be primarily be valued at “well north of” $100,000 but even told that the lower-priced versions would be revealed later. The Tesla Model S sedan is priced at near $75,000.
In June, Tesla had announced that its latest Model S Long Range Plus is the first vehicle authorized by the US Environmental Protection Agency to have an approximate driving range of more than 400 miles.
Rawlinson, who is the former chief engineer on the Model S (as stated on his Linkedin profile) told that the Lucid Air will be followed by an SUV, created in early 2023 on the very same vehicle platform.
Lucid is stationed in Newark, California, on the southeastern side of Silicon Valley, nearby Tesla’s Fremont factory.
Lucid was previously established as Atieva Inc by Bernard Tse, a former Tesla executive and Sam Weng, a businessman in 2007.
It was initially financed by Chinese and Silicon Valley venture financiers, with additional investments from BAIC Motor, state-owned Chinese auto manufacturer along with LeEco, a Chinese technology firm controlled by the founder of a different electric vehicle startup, Faraday Future, as stated by an investor website known as PitchBook.
To assist with the fund construction of a U.S. assembly plant in Casa Grande, Arizona, Lucid was lifted up by Saudi Arabia’s Public Investment Fund who made a $1 billion investment in September 2018.
The plant primarily had an annual capacity of producing 34,000 vehicles, and amplified to produce 360,000 vehicles just in seven years, Rawlinson added.