Lucid Prepares To Launch Affordable EVs: First Midsize Model Could Be Unveiled As Early As This Year To Take On Elon Musk's Tesla

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Lucid Prepares To Launch Affordable EVs: First Midsize Model Could Be Unveiled As Early As This Year To Take On Elon Musk's Tesla - Benzinga

Quick Summary:

Lucid Group Inc.(NASDAQ:LCID) is looking to unveil its new vehicles based on its midsize platform later this year or early next year, according to the company’s interim CEO Marc Winterhoff.

What Happened: Lucid is looking to bring three midsize vehicles to the market and the first of them is scheduled to start production in 2026, Winterhoff said.

The company has completed the advanced engineering phase of two of the midsize vehicles, he said, while adding that they will now move on to the development and industrialization phase.