Lucid Group Inc (NASDAQ:LCID) CEO Peter Rawlinson said on Wednesday that the EV maker has made several breakthroughs recently to enable a car with five miles of range per kWh battery by the end of the year.
What Happened: The company has made several breakthroughs in research and development recently, Rawlinson said at The Financial Times‘s Future of the Car summit, while adding that he anticipates having a car with 5 miles per kWh battery by the end of the year.
Lucid prides itself on the range of its Lucid Air sedan. The luxury sedan has a maximum range of 516 miles on its Grand Touring version which starts at $109,900. In comparison, Tesla’s luxury sedan — the Model S — gives a range of 402 miles for ...