Lucid Group

LCID

Automotive

Consumer Discretionary

Large Caps

+2

Country

US

Industry

Consumer Discretionary

Market Cap

Large Cap

Num. Employees

7200

IPO Date

Jul 29, 2020

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LCID

Country

US

Industry

Consumer Discretionary

Automotive

Consumer Discretionary

+3

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Lucid Group, Inc. manufactures electric vehicles. The company is headquartered in Newark California, California and currently employs 7,200 full-time employees. The company went IPO on 2020-07-29. The firm is focused on designing, developing, manufacturing, and selling of electric vehicles (EV), EV powertrains and battery systems using its own equipment and factories. The company offers its own geographically distributed retail and service locations and through direct-to-consumer online and retail sales. The company also boasts a product roadmap of future vehicle programs and technologies. The company focuses on in-house technology innovation, vertical integration, and a clean-sheet approach to engineering and design have led to the development of Lucid Air. The Lucid Air is an electric sedan that redefines both the luxury car segment and the electric vehicle space. Lucid Air is manufactured at its greenfield electric vehicle manufacturing facility in Casa Grande, Arizona, Advanced Manufacturing Plant-1. The company also owns and operates a vehicle service network comprised of service centers in metropolitan areas and a fleet of mobile service vehicles.