The official opening of LucidStudio at CoursdeRive10 will take place on November 18th

AMSTERDAM, November 18, 2022 /PRNewswire/ —LucidGroup(NASDAQ: LCID), a pioneer in advanced luxury electric vehicles, today announced plans to launch a…

This luxurious retail space invites customers to discover the Lucid brand and its products in the heart of Geneva. The Swiss studio will be the company’s second retail location in Europeafter the opening of the studio of Munich in May of this year. Lucid plans to expand its physical presence in other countriesEurope in the coming years.

The reception given to Lucid at the recent preview event Zurich was magnificent and reflected the country’s unique adherence to luxury, innovation and the environment, he said Zack Edson, Vice President of Sales and Service, LucidGroup. We have a growing number of LucidAir reservation holders in Switzerland and the new LucidStudio Geneva will be the perfect opportunity for fans of EV from Get involved and learn more about the revolutionary LucidAir.

The studio experience

With a direct-to-consumer model, each LucidStudio store offers a premium, digitally-centric experience tailored to each customer’s preferences, whether the customer chooses to visit the store in person rather than make inquiries online only or to combine both. LucidStudio Geneva will allow customers to fully explore the brand and gain insights into its products, in an environment that highlights the company’s unique design aesthetic. By exploring a LucidStudio, visitors will understand how the company draws inspiration from the beauty, innovation and diversity of its home state of California, USA.

European expansion

Lucid is taking reservations from European customers and is expected to deliver the first vehicles Europe Late 2022. With a fully refundable booking of €300 or more, customers from Austria, Belgium, Denmark, Finland, FranceGermany, Italy, Monaco, Netherlands, Norway, Spain, Sweden, Switzerland and the UK can secure a place in the queue for LucidAirPure, Touring and GrandTouring models when deliveries begin in their respective countries. Further expansion in Europe is planned for the future, including further studio and service centers in major European cities.

About LucidGroup
Lucid is dedicated to inspiring the adoption of sustainable energy by developing advanced technologies and the most exciting electric vehicles that focus on the human experience. The company’s first car, LucidAir, is a state-of-the-art luxury sedan. Its California-inspired design gives it the interior of a full-size luxury vehicle while maintaining a medium-sized exterior. The highly anticipated LucidAirGrandTouring develops 819 hp. LucidAir is manufactured in the Lucid factory Casa Grandein Arizonaand the Company has begun shipments to customers in the United States and Canada.

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This press release contains the trademarks, service marks, trade names, and copyrights of LucidGroup, Inc. and its subsidiaries and other companies, which are owned by their respective owners.

Forward-Looking Statements

This press release contains 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 can be qualified by the use of words such as estimate, plan, project, expect, intend, will, will expect, anticipate, believe, aim, aim, continue, could, can, possible, potentially, predict or other identified similar expressions predicting, projecting or indicating future events or trends or which are not statements of fact. These forward-looking statements include, among other things, statements regarding contracts and expectations regarding the new LucidStudio Geneva, Switzerland, including the studio experience, Lucid’s expectations regarding its expansion Europethe delivery schedule for Lucid vehicles in Europe, pricing, availability of Lucid vehicles and the promise of Lucid technology. These statements are based on various assumptions, identified or not identified in this press release, and on current expectations of Lucid’s management. These forward-looking statements are not intended and should not be relied upon as a guarantee, representation or definitive statement of fact or likelihood by any investor. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many real events and circumstances are beyond Lucid’s control. These forward-looking statements are subject to a number of risks and uncertainties, including the factors described under the heading “Risk Factors” in Part II, Item 1A of Lucid’s Quarterly Report on Form 10-Q for the quarter ended 30thSeptember2022 and in other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materializes, or if Lucid’s assumptions prove incorrect, actual results could differ materially from those suggested in such forward-looking statements. There may be other risks, not currently known to Lucid or which Lucid does not currently consider material, 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, agreements or projections regarding future events and ideas as of the date of this press release. Lucid anticipates that subsequent events and developments will cause Lucid’s ratings to change. Although Lucid may elect to update these forward-looking statements at a later date, Lucid expressly disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid’s beliefs as of the date after the date of this press release. Accordingly, undue reliance should not be placed on these forward-looking statements.

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Press release sent on November 17, 2022 at 6:30 p.m. and distributed by: