You probably have not heard of Lucid Motors, but the upcoming electric car manufacturer is worth more than Kia, Mazda, Honda or Volvo.
According to many industry analysts, Lucid Motors may become the next major electric car manufacturer abroad, but it currently has no plans to sell cars in Australia.
Founded in 2007 and based in California, the startup launched the first customer deliveries of its debut sedan – known as ‘Air’ – early last month.
Lucid was listed in July 2021 and now has a market capitalization of $ 59.87 billion ($ 80 billion). Although it has only sold a small handful of cars, it is more valuable than Hyundai, Kia, Mazda, Honda or Volvo in the eyes of its shareholders.
Despite this, a spokesman for the company said: “We do not yet have a timeline for right-wing markets like Australia.”
When Drive requested further information, the spokesman chose not to comment. This story will be updated as more information becomes available.
In the US, Lucid Air starts at $ 77,400 ($ 100,000) for the entry-level single-engine ‘Pure’ variant.
In the range-topping ‘Dream Edition P’ form, dual engines send a combined 828kW / 1390Nm to all four wheels, making it possible to complete the 0-100 km / h sprint in 2.5 seconds.
A 118 kWh lithium-ion battery pack in the ‘Air Dream Edition R’ allows for an unrivaled maximum range of 837 km on the US EPA test cycle.