With Range Boost, Lucid’s Outlook Improves

Lucid boosts the range of its Air GT model to 516 miles between charges, and makes charging time faster.

David Kiley, Senior Editor

April 17, 2024

1 Min Read
Lucid Air GT has longest range per charge in the industry.

Lucid announces details about the ’24 Air Grand Touring that make it faster to charge the battery-electric sedan and farther to drive between charges.

The  GT will travel up to 516 miles (830 km) on a single charge, producing 819 hp, even in cold-weather conditions, giving it for now the longest range of any BEV.

The GT now has the same heat pump available on the higher-priced Air Sapphire to mitigate the effects of cold weather on the battery pack, and also is enhanced to make charging 15%-30% faster on a DC charger.

The GT starts at $109,900. The rest of the ’24 Lucid Air range consists of: Air Pure ($69,900) with up to 419 miles (674 km) of range and 430 hp; Air Touring ($77,900) offers up to 411 miles (661 km) of range, producing 620 hp; and the Air Sapphire, featuring a 3-motor powertrain with 1,234 hp, achieving 0-60 mph (97 km/h) in 1.89 seconds, 0-100 mph (161 km/h) in 3.84 seconds, the quarter-mile in 8.95 seconds and a top speed of 205 mph (330 km/h), all coupled with an EPA-estimated 427 miles (687 km) of range.

Lucid continues to struggle convincing investors and would-be purchasers that it has staying power despite its backing by the Saudi Sovereign Wealth Fund. The fund recently pumped an additional $1 billion into the company. Shares of Lucid traded this week around $2.40, well off its $8.37 52-week high.

Lately, however, perhaps because of the Saudi support, analysts have improved their ratings of Lucid for 2024. There is a consensus upgrade of $900 million in revenues this year, a 51% improvement over the past 12 months, with losses shrinking 14% to $1.06 per share.

About the Author(s)

David Kiley

Senior Editor, WardsAuto

David Kiley is an award winning journalist. Prior to joining WardsAuto, Kiley held senior editorial posts at USA Today, Businessweek, AOL Autos/Autoblog and Adweek, as well as being a contributor to Forbes, Fortune, Popular Mechanics and more.

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