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    Home > Business > Lucid plans to enter European markets this year
    Business

    Lucid plans to enter European markets this year

    Published by maria gbaf

    Posted on January 5, 2022

    1 min read

    Last updated: January 28, 2026

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    Quick Summary

    Lucid Group is set to expand into European markets in 2022, driven by rising demand for electric vehicles. The company aims to increase production and meet growing reservations for its Lucid Air sedan.

    Lucid Group's European Market Entry Planned for 2022

    (Reuters) – Lucid Group said on Tuesday it would expand into European markets in 2022, as demand for electric vehicles soar after several countries pledged to end dependence on fossil fuels for mobility.

    “Expansion to European markets will begin this year. Stay tuned for country-specific delivery information,” the California-based electric carmaker tweeted.

    Reservations for the company’s Lucid Air luxury sedan rose to 13,000 in the third quarter ended Sept. 30, reflecting an order book of about $1.3 billion and since then rose to beyond 17,000 when the company reported quarterly results in mid-November.

    Lucid had said that it saw significant demand for the car as it ramps up production at their factory in Arizona and was confident of achieving 20,000 units in 2022.

    Chief Executive Officer Peter Rawlinson had said in October 2021 that the launch of the Lucid Air sedan was set to happen in the Middle East and Europe in 2022 and China in 2023.

    Last month, the company received a subpoena from the U.S. securities regulator seeking documents related to an investigation into its blank-check deal.

    (Reporting by Akash Sriram in Bengaluru; Editing by Shailesh Kuber)

    Key Takeaways

    • •Lucid plans to enter European markets in 2022.
    • •Demand for electric vehicles is increasing globally.
    • •Lucid Air sedan reservations rose significantly.
    • •Production ramp-up is underway at Arizona factory.
    • •Lucid faced a subpoena from U.S. securities regulator.

    Frequently Asked Questions about Lucid plans to enter European markets this year

    1What is the main topic?

    The main topic is Lucid Group's planned expansion into European markets in 2022 due to increasing demand for electric vehicles.

    2What is Lucid's production goal?

    Lucid aims to achieve a production of 20,000 units in 2022, ramping up operations at their Arizona factory.

    3What challenges is Lucid facing?

    Lucid received a subpoena from the U.S. securities regulator related to an investigation into its blank-check deal.

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