Warehouses are overstocked: the Lucid brand has accumulated cars worth $1.5 billion

According to the results of the first quarter of this year, the Lucid brand produced 5.5 thousand electric cars, of which it was able to deliver about 3 thousand cars to customers. At the same time, a similar imbalance was observed in previous periods, which is why the automaker formed large inventories. The value of unsold equipment is estimated to be $1.5 billion.

The Lucid brand is an American manufacturer of electric vehicles, known for its Air sedan and Gravity crossover. The company’s plans were to produce 25-27 thousand cars by the end of 2026, but now it will be necessary to conduct an audit, based on the results of which the annual strategy will be revised.

The manufacturer’s most extraordinary car is the Lucid Air Sapphire. This car has a 1234 hp power plant. in terms of dynamics and maximum speed (330 km/h) it is second only to the Bugatti Chiron Super Sport hypercar, but is ahead of it at a distance of a quarter mile.

In the US, the price of the Lucid Air Sapphire starts at $249 thousand. It is a direct competitor to cars such as the Tesla Model S Plaid and Porsche Taycan Turbo S. The market positioning of the Lucid super sedan places emphasis not only on maximum speed, but also on handling.

The Lucid brand grew out of a startup whose key figures were former Tesla engineers. China and the United Arab Emirates supported the project with large-scale investments. You can read about the history and products of the Lucid brand in the material Motor.

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