Press Release

• The new Lucid Air Pure Rear-Wheel Drive (RWD) is available immediately at a starting price of $77,400*.
• Lucid's proprietary EV technology delivers greater range and driver-oriented performance without the cost and weight of ever-larger battery packs.
• The Air Pure RWD has 410 miles of range**, more than any electric car currently available besides other Lucid Air models.
• Lucid's groundbreaking technology allows for faster charging, providing customers with the ability to add up to 150 miles in less than 12 minutes with DC fast charging.***

NEWARK, Calif., Oct. 5, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced the launch of the new Lucid Air Pure RWD, which completes the Air model lineup while offering exceptional driving range of up to 410 miles, elegant design, and outstanding driver engagement, all at a starting price of $77,400.

"The new Lucid Air Pure RWD has it all; style and technology, range and performance, space and practicality," said Peter Rawlinson, CEO and CTO of Lucid. "I'm delighted that the most accessible Air surpasses the range of any other electric car from any other brand. With a starting price of $77,400, I believe that this new addition to the Lucid Air lineup is the car so many have been waiting for."

The Air Pure RWD is the most aerodynamic car currently in production, featuring sleek and sporty exterior design. Its luxurious and spacious interior, drawing inspiration from Midcentury Modern design, features sustainably sourced quality materials.

Lucid's game-changing proprietary EV technology means the Air Pure comes with the freedom to drive longer distances with confidence, and to spend less time charging, adding up to 150 miles in less than 12 minutes with DC fast charging. The new Air Pure RWD joins a lineup of Lucid Air models that have transformative range, including the Lucid Air Grand Touring, with the most range available in any EV today, estimated by the EPA at 516 miles.

Lucid's focus on innovation has improved nearly every aspect of the vehicle for drivers and passengers. A groundbreaking electric motor, engineered and manufactured in-house by Lucid, delivers silent, driver-oriented performance. With a new battery pack unique to the Air Pure RWD – Lucid's most compact battery pack to date – rear-seat occupants can stretch their legs and enjoy limo-like space, while the Air Pure RWD's cavernous trunk and frunk can swallow all the luggage and gear for a road-tripping family of four.

The Air Pure RWD is priced from $77,400 and comes very well equipped. Standard features include Apple CarPlay ®, a 34-inch curved Glass Cockpit display, heated front and rear seats and steering wheel, brilliant nighttime illumination from Lucid's patented Micro Lens Array LED headlights, the DreamDrive constellation of advanced driver assistance systems, and the Lucid UX digital environment, designed to grow and improve over time with regular over-the-air software updates.

The Lucid Air Pure RWD is available now from the Lucid Motors website and the Design Yours configurator, or from Lucid's growing network of North American sales studios.

* Listed starting price excludes tax, title, license, destination, and document fees.

** When equipped with 19" wheels, manufacturer's projected range is 410 miles, official EPA est. range is 419 miles. Range and battery power vary with temperature, driving habits, charging and battery condition and actual results will vary.

*** Up to 150 miles of range in 12 minutes when connected to DC fast charger and equipped with 19" wheels. Actual rates will vary based upon vehicle equipment and charging conditions.

About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Lucid Air Grand Touring features an official EPA estimated 516 miles of range. Assembled at Lucid's factory in Casa Grande, Arizona, and King Abdullah Economic City (KAEC), Saudi Arabia, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.

Media Contacts
media@lucidmotors.com

Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

Forward-Looking Statements
This communication, including content from any link contained herein, includes "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 may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations with respect to Lucid Air Pure, including price, timing of delivery, availability of configurations, design and specifications, range, efficiency and performance, charging speed, Lucid's software, and the promise of Lucid's technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial 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, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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SOURCE Lucid Group