Riyadh – Sharikat Mubasher: Lucid Group, backed by the Public Investment Fund (PIF), announced the rollout of its highly anticipated Gravity SUV off the company’s production line in Casa Grande, Arizona.
On a social media post by its official account, the Saudi-owned electric vehicle manufacturer based in the US, unveiled it will now set its aim on ramping up production of the new electric vehicle and making the first deliveries, though the company did not yet reveal when it will hand those first vehicles over to customers.
The initial Grand Touring version of the Gravity starts at $94,900. The company boasts that it can travel more than 440 miles on a full charge. Two electric motors — one front, one rear — help it create the equivalent of 828 horsepower. It comes standard with two rows but can be optioned to have three.
A cheaper version of the Gravity is slated to roll off Lucid’s production lines in “late 2025” and will start at $79,900.
Lucid is planning to announce the second stage of production within the Saudi Kingdom, which eyes to fully produce some of Lucid’s vehicle models at its Jeddah factory in King Abdullah Economic City (KAEC), with a target capacity of 150,000 cars a year.
Lucid Group earlier secured $1.5 billion in funding from its majority shareholder, Ayar Third Investment Co., an affiliate of Saudi Arabia’s Public Investment Fund (PIF) to provide sufficient liquidity for its Gravity SUV production.
