Lucid Motors has delayed production of its Air electrical luxury sedan by a few months, to the next fifty percent of this 12 months.
The firm originally planned to begin deliveries this spring, but is now pushing the timeline back again thanks to coronavirus-associated delays, CEO Peter Rawlinson said in a statement.
“We now know that we would not be in a position to start out providing Lucid Air this spring at the level of quality we insist on offering,” Rawlinson stated. “We continue to make final refinements, and, largely thanks to COVID-imposed delays, are now monitoring toward a get started of production as early as we can in the next 50 % of 2021.”
Affirmation of the delay will come soon after Lucid’s announcement of strategies for an initial general public giving (IPO) past thirty day period. Like quite a few other EV startups, Lucid designs to go general public by means of a “reverse merger” with a particular-goal acquisition corporation (SPAC) shell enterprise. Community information of a output delay may possibly have made probable investors a lot less enthusiastic.
2021 Lucid Air
This is the second hold off for the Air, given that Lucid’s funding in 2019 that built the electrical sedan and the initial phase of the Arizona manufacturing unit attainable. In April 2020, Lucid claimed it was functioning toward initially deliveries “early” in 2021 while that was before the ultimate manufacturing model of the Air was unveiled.
The Air will initially be accessible only in Dream Edition spec, with 1,080 horsepower, a 503-mile vary, and a $169,000 base price tag. An $88,000 entry-degree design is scheduled to launch in 2022.
Next the rollout of the Air, Lucid options to start an SUV it is really calling Task Gravity. Rawlinson has also hinted that supplemental products are in the functions.
Lucid isn’t really the only startup automaker to hold off production thanks to the pandemic. Past summer months, Rivian declared that it would press back the begin of generation of its electrical off-roaders to the following summer months. The Rivian R1T electric powered pickup truck is now scheduled to start out generation in June, adopted by the Rivian R1S electrical SUV in August.