Lucid Group, the all-electric automaker slated to go public this year, said Thursday that one variant of its upcoming luxury Air sedan has an EPA range of more than 520 miles. The official rating of the Lucid Air Dream Edition Range variant pushes Lucid past Tesla, a company that has long dominated in this category.
The official EPA range of the Lucid Air — and its many editions — have been expected to be as high or higher than some of Tesla's models. This announcement not only gives Lucid bragging rights, it reveals a bit about the company's strategy to offer a variety of versions of the Air sedan with prices ranging between $169,000 and $77,400.
Lucid initially planned to sell one version of Lucid Air Dream Edition, essentially its first and flagship model of the sedan. There are now two versions: the Lucid Air Dream Edition Range, which has 520 miles of range when equipped with 19-inch tires and 933 horsepower, and the Lucid Air Dream Edition Performance, a more powerful version with 1,111 horsepower that can travel 471 miles on a single charge when equipped with 19-inch tires. The range on the Dream Edition Range drops to 481 and the Dream Edition Performance to 451 miles when the vehicles have 21 inch tires.
Lucid Group CTO and CEO Peter Rawlinson credits the range figure on a combination of its 900V battery and battery management system, smaller drive units and its electric drive train technology. Rawlinson noted that he believed this is a new record for any EV.
Lucid plans to produce and sell other variants of the Air, including a Grand Touring version that received a 516-mile EPA range rating. The Grand Touring variant has a starting price of $139,000, while the longest-range Dream Edition has a base price of $169,000. The automaker plans to sell two other, less expensive versions: the Air Touring that starts at $95,000 and the Air Pure with a $77,400 base price.