Total revenue: US$138 million

 R&D expenditure: US$231 million

 Net loss: US$631 million

The first three quarters of this year:

 Total revenue: US$438 million 

 R&D expenditure: US$694 million 

 Net loss: US$2.175 billion

In the third quarter of this year, Lucid produced 1,550 vehicles and delivered 1,457 vehicles; in the first three quarters of this year, Lucid produced a cumulative production of 6,037 vehicles and delivered a total of 4,267 vehicles. Officials announced that they will lower their full-year production forecast for 2023 from 10,000+ to 8,000-8,500 vehicles.

In addition, both Lucid Air Pure RWD and Lucid Air Sapphire have started production in September, completing the launch of the entire Lucid Air model range.

In other aspects, Lucid’s final assembly production began to be transferred to the second phase of the Arizona plant; the transaction with Aston Martin was completed and strategic technology-related work arrangements were started; and the first manufacturing plant was opened in Saudi Arabia.

Marc Winterhoff has been appointed as the first chief operating officer, responsible for day-to-day operations and execution of global manufacturing, supply chain, sales and service, marketing and international markets.

It is worth mentioning that Lucid has also begun to warm up its second model and its first SUV-Lucid Gravity. According to reports, this Xichu year will be unveiled at the Los Angeles Auto Show on November 16, and production is expected to begin at the end of 2024.

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The post Lucid Delivers 1457 Vehicles in Q3, First SUV to Debut on November 16th appeared first on TechGoing.

We’re targeting people who might buy a Mercedes AMG or BMW M model and need to find a similar product if they want to buy an electric car. This will be our high-performance electric car.” The Air Sapphire is set to launch next year.

While competitors such as Mercedes-Benz and BMW have already launched their own electric models, Lucid believes that the company’s in-house technology and the good reputation it has gained in the industry can help the company succeed in the future.

So far, Lucid has launched only one model, the Air, and the company said they expect to start delivering the Air Pure version, which costs $87,400, by the end of this year. However, some analysts say the company is currently focusing on producing a higher-priced version amid low production and mounting financial losses at Lucid’s Arizona plant.

The company’s Air maintains the highest EPA range at 520 miles (about 837 kilometers) and also the lowest energy consumption in its class. In addition, the Air’s 900-volt architecture makes it the fastest charging electric model. And the Air Sapphire will offer even more performance while maintaining those advantages.

Lucid said the Air Sapphire will have a range of more than 400 miles (about 640 kilometers), and it will feature a three-motor layout with an output of 1,200 horsepower. The company said such a configuration would make it the most powerful sedan model in the world in terms of performance, both fuel and electric.

The Air Sapphire’s zero-hundred acceleration time will be under two seconds, similar to the Tesla Model S Plaid, which also has a three-motor layout, but with a lower output of 1,020 horsepower. Tesla’s website shows that the starting price of the Model S Plaid is $137,440.

When we were designing Lucid Air, it was clear that luxury positioning was the most important thing at the time,” said Derek Jenkins, Lucid’s senior vice president of brand and design. That said, performance has always been one of our concerns, and the top-of-the-line version of the Air already offers great performance. But, to satisfy the needs of avid performance enthusiasts, we wanted to take the vehicle to another level of performance with Sapphire.”

In fact, when it first began designing the Air, Lucid set aside space for two rear motors. The three-motor layout will allow the Air Sapphire to reach a top speed of 200 mph (about 320 km/h.) Erich Bach, Lucid’s senior vice president of product and chief engineer, revealed that the Sapphire version of the Air will feature larger tires, unique wheels, carbon fiber brakes and upgraded suspension to show off its prowess on the track.

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Yesterday, Lucid unveiled another top-of-the-line electric sports car, the Lucid Air Sapphire Edition, which features a three-motor powertrain with two rear motors and one front motor. This is 200 horsepower more than the Tesla Model S Plaid. However, Lucid officials have not yet released specific values such as torque for the car.

According to officials, the Lucid Air Sapphire Edition’s two rear motors are equipped with new heat exchanger technology and higher coolant flow. Lucid claims that the Lucid Air Sapphire Edition accelerates from 0 to 60 mph (about 96.56 km/h) in less than 2 seconds, from 0 to 100 mph (about 160.93 km/h) in less than 4 seconds, and has a top speed of 3.5 mph. The Lucid Air Sapphire Edition accelerates in less than 2 seconds from 0 to 60 mph (approx. 96.56 km/h), in less than 4 seconds from 0 to 100 mph (approx. 160.93 km/h) and has a top speed of over 200 mph (approx. 321.87 km/h).

With all this power, the Lucid Air Sapphire Edition’s brakes have also been upgraded. The car features carbon-ceramic brakes, a change in spring rate, an additional sway bar, and upgraded power steering and ABS systems. In addition, the car has 20-inch tires on the front and 21-inch tires on the rear, all on custom composite wheels.

The Lucid Air Sapphire Edition has a blue exterior with a duckbill spoiler at the rear. The car is priced at $249,000 (about 1,698,200 yuan) and will be available for pre-order on August 23, local time, with delivery expected next year.

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