The opening of its new retail studio in
Dubai, located in City Walk
Dubai,
is the company's second retail space in the Middle East
DUBAI, UAE, May 31, 2024 /PRNewswire/ -- Lucid Group, Inc.
(NASDAQ: LCID), maker of the world's most advanced electric
vehicles, has announced its expansion into the United Arab Emirates with the opening of its
latest retail location in Dubai.
Located at the urban open-air destination City Walk, the Dubai
Studio is Lucid's second retail space in the Middle East and underscores the company's
commitment to bringing its unrivaled electric vehicle experience to
more drivers across the globe.
"The expansion of Lucid into the United Arab Emirates is a significant
milestone for the company," said Faisal Sultan, Vice
President and Managing Director, Middle
East at Lucid. "The region continues to build momentum in
its shift towards sustainable energy, emerging as a key market in
EV ownership. With our studios in Riyadh and now in Dubai, we look forward to providing drivers in
the Middle East and its
surrounding areas with the innovative and dynamic experience of the
award-winning Lucid Air."
Studio Experience
Every studio offers a digitally oriented luxury experience
tailored to each customer's preferences, whether they visit in
person, make inquiries entirely online, or combine the two. Lucid
studios allow customers to experience the brand and learn about its
products in settings that highlight the company's distinctive
design style. Visitors will get a close insight into the
award-winning Lucid Air, underscoring the company's unique
aesthetic and providing an opportunity to delve deeper into Lucid's
products and technology, all designed and engineered in its home
state of California.
Located in the heart of Dubai,
the newest Lucid Studio marks the company's growing footprint in
the Middle East and commitment to
delivering exceptional electric vehicles across the region. With
the opening of the new studio, Lucid now has a total of 38 studio
locations worldwide. Additionally, Lucid will inaugurate its first
service centre in the city, located in Dubai Investment Park,
offering comprehensive service support to the country.
Lucid Air models in the UAE start at prices1 of AED
309,750,000 for the Air Pure Rear-Wheel Drive,
Single-motor (430 hp); AED 345,450 for the Air Touring
All-Wheel Drive, Dual-motor (620 hp); AED 519,750 for the Air
Grand Touring All-Wheel Drive, Dual-motor (819 hp); and AED
996,450 for the Air Sapphire All-Wheel Drive, Tri-motor
(1,234 hp).
For more detailed information, please refer to the following
link:
https://lucidmotors.com/en-ae/
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy
by creating advanced technologies and the most captivating luxury
electric vehicles centred around the human experience. The
Company's first car, the Air, is a state-of-the-art luxury sedan
with a California-inspired design.
Assembled at Lucid's factories in Casa
Grande, Arizona, and King Abdullah Economic City (KAEC),
Saudi Arabia, deliveries of Lucid
Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
Media Contact
lucid@bcw-global.com
Trademarks
This communication contains trademarks, service marks, trade names
and copyrights of Lucid Group, Inc. and its subsidiaries and other
companies, which are the property of their
respective owners.
Forward-Looking Statements
This communication includes "forward-looking statements" within
the meaning of the "safe harbour" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"shall," "expect," "anticipate," "believe," "seek," "target,"
"continue," "could," "may," "might," "possible," "potential,"
"predict" or other similar expressions that predict or indicate
future events or trends or that are not statements of historical
matters. These forward-looking statements include, but are not
limited to, statements regarding the plans and expectations with
respect to Lucid's presence in the region and the promise of
Lucid's technology. These statements are based on various
assumptions, whether or not identified in this communication, and
on the current expectations of Lucid's management. These
forward-looking statements are not intended to serve as and must
not be relied on by any investor as, a guarantee, an assurance, or
a definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and may differ
from these forward-looking statements. Many actual events and
circumstances are beyond the control of Lucid. These
forward-looking statements are subject to a number of risks and
uncertainties, including those factors discussed under the heading
"Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on
Form 10-Q for the quarter ended March 31,
2024, as well as other documents Lucid has filed or will
file with the Securities and Exchange Commission. If any of these
risks materialize or Lucid's assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
Lucid currently does not know or that Lucid currently believes are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. In addition,
forward-looking statements reflect Lucid's expectations, plans or
forecasts of future events and views as of the date of this
communication. Lucid anticipates that subsequent events and
developments will cause Lucid's assessments to change. However,
while Lucid may elect to update these forward-looking statements at
some point in the future, Lucid specifically disclaims any
obligation to do so. These forward-looking statements should not be
relied upon as representing Lucid's assessments as of any date
subsequent to the date of this communication. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
1 Pricing includes VAT 5%. Includes vehicle
registration & destination fees for UAE market only.
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