On January 15th, Tesla’s rival, U.S. electric car start-up Lucid Motors, announced plans to officially release a mass production version of its first electric car, Lucid Air, in April, according tomedia reports. The company is currently building the first 80 prototypes of the Lucid Air.
The company kept the details of the car confidential, but confirmed it would make its debut in New York, where it would announce its product specifications, available configuration and price information. With that in mind, the car is likely to be unveiled at the New York Auto Show, which opens on April 8.
Lucid Air’s range of range on a single charge will be more than 600 km, and it can accelerate from 0 to 100 km/h in less than 2.5 seconds, Lucid said. If the data is correct, the car will be a major competitor to Tesla’s Model S, which can achieve the same acceleration in 2.4 seconds.
Lucid said the car would cost more than $100,000. By comparison, the Tesla Model S starts at $744,900.
Lucid Motors was founded in 2007 by Bernard Tse, A former vice president and director of Tesla, and Sam Weng, a former Oracle executive, formerly known as Atieva.
Lucid is seen as Tesla’s main competitor in the electric car space, which the carmaker will specialize in. Late last year, the company announced that it had received more than $1bn from Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF).
Lucid is currently manufacturing 80 beta prototypes of Lucid Air at its Silicon Valley headquarters, which are highly representative of the mass-produced Lucid Air. Most of these cars will be thoroughly tested to ensure that everything meets the standards.
In addition, engineers are fine-tuning many of the components of these vehicles, including braking, steering and traction/stabilization control systems. Lucid will also conduct body and chassis durability tests as well as crash tests.
In November,media reported that the carmaker had officially begun construction of its electric-car plant in Casagrande, Arizona, which is expected to create more than 4,800 jobs over the next decade.
At present, the construction of the factory is under way. The company said most of the structural steel will be in place by the end of February, the first production vehicles will be in line at the beginning of the fourth quarter of 2020, and full mass production will be achieved by the end of 2020. The company aims to produce 15,000 cars in the first 12 months.