After Long-Awaited Sedan Launch, EV Maker Lucid Hints At 'Gravity' SUV

Electric vehicle maker Lucid Motors Inc is apparently planning to launch an SUV.

What Happened: During the unveiling of its luxury electric sedan on Wednesday, the company presentation hinted towards an upcoming SUV called Project Gravity.

According to Car And Driver, which earlier reported the news, the company is already in the testing phase of a prototype, and Gravity could be released in the next couple of years.

On Wednesday’s webcast, Lucid showcased the Lucid Air Electric Sedan, touted to compete for market dominance with rival Tesla Inc’s TSLA Model S. Along with Lucid Air, the company also offered a sneak peek into the SUV model.

Why Does It Matter: The electric car maker expects Lucid Air to have an EPA range of 517 miles with a single charge, when it goes for testing later this year. It also reportedly fares better against Tesla’s Model S in the quarter-mile performance test.

According to TechCrunch, Project Gravity will use the same underlying vehicle platform used in Lucid Air. EV enthusiasts can expect to see similar design features in Lucid Gravity – like single long taillight, the outline of the trunk, and an additional rooftop storage unit.

Photo courtesy: Lucid Motors

Market News and Data brought to you by Benzinga APIs
Posted In: NewsPenny StocksEventsTechMediaCar and DriverElectric Sedanselectric vehiclesEVsLucid AirLucid Gravitytechcrunch
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...