Tesla rival Lucid plans to launch in Europe this 12 months


Folks take a look at drive Dream Version P and Dream Version R electrical automobiles on the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021.

Caitlin O’Hara | Reuters

Electrical automobile maker Lucid plans to start out promoting its vehicles in Europe this 12 months.

The California-headquartered agency, which competes with Tesla, introduced the growth on Tuesday after a Twitter user asked if a picture of some new Lucid house owners had been primarily based within the U.Okay.

“Growth to European markets will start this 12 months. Keep tuned for country-specific supply info,” the company tweeted in response.

Lucid didn’t instantly reply to a CNBC request for extra info.

Lucid’s first automobile is known as the Air sedan. It began delivering a $169,000 “Dream Version” of the flagship automobile to clients in late October, following business manufacturing starting a month earlier at a brand new manufacturing unit in Casa Grande, Arizona. The automobile has an industry-leading vary of 520 miles.

Like Tesla, Lucid is making an attempt to develop autonomous driving expertise that permits its vehicles to soundly drive themselves.

Axel Schmidt, who heads up the automotive sector at consultancy agency Accenture, advised CNBC Wednesday that tech firms have “underestimated all of the challenges” with regards to getting autonomous automobiles on the street.

He added that 60% to 70% of recent vehicles could have “Degree 2” autonomous driving capabilities by 2030. Which means the vehicles will help with steering, staying in the suitable lane and controlling pace however they will not have the ability to safely drive themselves till they attain “Degree 5.”

European reservations

Overtaking Ford

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