Another Silicon Valley startup is set to take deposits on their own all electric sedan as battery company Lucid has started to take $1,000 deposits for their upcoming Air sedan.
So far the Lucid has managed to make a 'beta' prototype with plans to start production in late 2020. Lucid is a battery technology company that threw its hat in the automotive ring by premiering the Lucid Air sedan in 2016.
MODEL S COMPETITOR.
One of the advantages of going first is that allows the first to be the standard setter. Such is the case with the Tesla Model S. The Model S has set what consumers expect in a luxury electric sedan. The Lucid Air is taking aim at two numbers specifically, range and price. The Air promises a staggering 400 mile range and hopes to come in at $60,000. The Tesla offers a 373 mile range for their top model and starts at $75,000.
LUCID AIR
The Air is the first automobile offering for the battery company. It was first introduced in 2016 as a concept and driveline. The company has two configurations with the top configuration putting out as much as 1,000hp. In 2018 the Air set an electric lap record at Laguna Seca
BIG INVESTMENT
Despite it seemingly like a new automotive start up makes a new headline every week, start up car companies are a particularly large risk. Last year Car and Driver gave the company a 50/50 chance of making it to production. Since then the company has gotten a $1 billion investment from Saudi Arabia. The first production cars will be come off the line in Arizona next year at which point deposits become non-refundable.
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