Wednesday, November 30, 2022

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Lucid Enhances Ownership Experience With Official Line Of Lucid Vehicle Accessories Designed And Curated For Lucid Air

Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today announced the launch of Lucid Vehicle Accessories, an expanding line of accessories that serve as a stylish complement to the entire Lucid Air vehicle lineup. Included in Lucid Vehicle Accessories is the Lucid Connected Home Charging Station, the first step into the company’s future energy ecosystem.  The convenient home charging system allows owners to maximize the industry-leading charging capabilities of Lucid Air, adding up to 80 miles of range per hour of charging.

Lucid Connected Home Charging Station

The first at-home charging solution from Lucid can support up to 19.2 kW of electrical power, which enables charging of up to 80 miles per hour to match Lucid Air’s industry-leading fast AC charging rate. The home station will effectively double the rate at which the Lucid Air can be charged when installed at full power compared to the included charging cable.

Lucid’s in-house Design and Engineering teams set out to package the most amount of charging power into the smallest enclosure possible, resulting in a home charging system that is the size of competitive offerings while delivering 19.2 kW. The compact new system is encapsulated in an elegant black casing built to be wall-mounted either indoors or outdoors. The station connects to the vehicle with a lightweight 24-foot charging cable designed to be thinner than those of competitors to improve the home charging experience.

The charging station is equipped with hardware ready for bi-directional electrical power and is Wi-Fi enabled for future over-the-air updates. This product serves as the first offering to support Lucid customers looking to integrate their vehicle into the company’s future energy ecosystem.

Lucid Air Capsule

Lucid Air Cargo Capsule
Designed in-house, the sleek Lucid Air Cargo Capsule provides the utility of a roof box while optimizing the aerodynamics of Lucid Air to help maximize range. The Cargo Capsule adds 11.47 cu/ft of cargo space to Lucid Air’s class-leading 32.5 cu/ft of interior cargo space, a capacity increase of more than 33% without the need to fold the rear seats.

The spacious and streamlined capsule, composed of a sculpted ABS shell, is exclusively available in black and finished in split gloss and matte black finishes with a gloss black Lucid logo. The capsule can be opened from either side of the vehicle for easy access to the additional storage space and offers interior lighting for visibility in low-light environments.

Lucid Air Crossbars
Designed and engineered specifically to complement the aerodynamic slope of the roof, Lucid Air Crossbars are sturdy and sleek aluminum bars load rated for up to 165 lbs. with a minimal impact on aerodynamics. The crossbars are compatible with several Yakima mounts, including those for bikes, surfboards, and kayaks, that seamlessly blend into the lifestyles of the most adventurous Lucid customers.

Lucid Air All-Weather Mats
All-weather floor mats for the Lucid Air, also designed in-house, are composed of a heavy-duty thickness to hold up through any season. All mats are non-slip and waterproof, and feature raised edges for a more rugged alternative to the standard carpeted floor mats.

Lucid All-Weather Mats mirror Lucid Air interior options and are available in four distinct colors: Ceramic, Graphite, Saddle and Black. Floor Mats will be available as a three-piece set.

Pricing and Availability

Lucid Air Accessories

The full range of Lucid accessories can be ordered now and is expected to be available in Q4 2022, with the Cargo Capsule available in early 2023. The Lucid Connected Home Charging Station will initially be available in limited quantity until 2023.

About Lucid Group
Lucid’s mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company’s first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Deliveries of Lucid Air, which is produced at Lucid’s factory in Casa Grande, Arizona, are currently underway to U.S. customers.

Media Contacts
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Trademarks 
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

Forward-Looking Statements 
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations with respect to Lucid’s future energy ecosystem, pricing, availability, timing of availability and specifications of Lucid Vehicle Accessories, including technical specifications and compatibility with Lucid vehicles, expected charging speed and charging rate of Lucid Connected Home Charging Station and availability of All-Weather Mat options, and the promise of Lucid’s technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid’s management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading “Risk Factors” in Part II, Item 1A of Lucid’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid’s expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid’s assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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