🟢American electric vehicle startup Lucid Motors announced that it has developed an SUV to rival the #Tesla Model Y, after the luxury sedan Air and SUV Gravity.
🚙The project has been working on for 18 months. It is expected to be completed next year and the ‘relatively’ cheap model worth $50,000 dollars will come to light in the second half of 2025.
🏭 Lucid expansion plan has been approved to increase its factory in Arizona by 5 times. The company also produces in Saudi Arabia. The company, of which the Saudi Wealth Fund is the largest investor, states that it will not be a luxury vehicle-focused brand and plans to increase its sales volume with mainstream models.
