Lucid Group (NASDAQ: LCID) has set its sights on reaching the top of the electric vehicle (“EV”) space and is working tirelessly to achieve that goal. Last week, the California-based startup announced that it would start delivering electric vehicles with more range than Tesla’s (NASDAQ: TSLA) premium EV models in late October. The EV maker made the announcement when it invited investors, policymakers, initial customers and members of the media to its Advanced Manufacturing and Powertrain Manufacturing plant in Casa Grande, Arizona.
The Arizona plant, which employs around 400 employees and plans on beefing up staff numbers as production ramps up, has already started manufacturing Lucid cars. The first model to roll off the production lines will be the high-powered Lucid Air Dream Edition. This luxury EV model, which was first unveiled in August, will cost $169,000 before federal tax credits and has an EPA estimated range of 520 miles on a single charge. Roughly the same distance from Santa Barbara, California, the Lucid Air Dream Edition’s range is greater than every other electric…
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