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Lucid Jumps as Debut Nears for $169,000, Long-Range EV

  • Dream Edition of the Air sedan can run 520 miles on a charge
  • Limited production to start reaching customers in late October
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WATCH: Lucid Motors starts making it’s $169,000 EV in Arizona.Markets: European Close” from Arizona where the company has opened a new factory. (Source: Bloomberg)
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Lucid Group Inc. advanced after the carmaker said it has started production of its debut electric sedan, with deliveries to begin at the end of next month.

The company initially will focus on a $169,000, limited-production Dream Edition of the Air sedan, which can run 520 miles (840 kilometers) on a charge. The first battery-electric Air vehicles destined for customers rolled off the factory line in Casa Grande, Arizona, on Tuesday, the company said in a statement