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Fortune
Fortune
Christiaan Hetzner

Lucid Motors' moment of truth nears as it readies launch of its first SUV, which drives farther than any Tesla on a single charge

Lucid Lucid Motors On Tesla Inc. SUV Peter Rawlinson
Photo of Peter Rawlinson (Credit: Jose Sarmento Matos—Bloomberg via Getty Images)
  • The first-ever crossover from the Saudi-backed luxury EV manufacturer Lucid Motors is right around the corner, following up on its ultraefficient Air sedan with a class-leading five miles per kilowatt-hour. The upcoming launch comes amid news the company met its full-year target to build 9,000 units of the Air amid a challenging EV market.

Lucid Motors’ moment of truth is finally upon it. Ever since the luxury electric-vehicle manufacturer backed by the Saudi monarchy went public in 2021, it has been building up to its make-or-break sport utility vehicle. 

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