Posted 11/16/2023, 5:09:00 PM
Lucid Unveils New Electric SUV Starting Under $80K With 400+ Mile Range to Compete With Rivian
- Lucid unveiled its new Gravity electric SUV, starting at under $80,000 and offering over 400 miles of range
- The Gravity is expected to compete with Rivian's R1S SUV and enter production in late 2023
- The Gravity opens up a much larger addressable market for Lucid compared to just the luxury sedan segment
- Success of the Gravity will be important for Lucid amid slowing EV demand and rising costs
- Lucid aims to benefit from economies of scale by producing the Gravity and Air sedans on the same assembly line