Reuters
EV startup Lucid enters lucrative SUV market with $80,000 Gravity
Lucid, known for its flagship Air luxury electric sedan, unveiled the much-awaited Gravity sport utility vehicle on Thursday, driving the startup into a lucrative section of the U.S. auto industry amid growing caution over slowing EV demand. Though the 5.3-meter-long, three-row Gravity will come with a battery pack similar to the Air, the vehicle has been designed on a new platform from the ground up, Lucid’s Chief Executive Officer Peter Rawlinson told Reuters at a preview this month. “The Gravity will significantly expand our market opportunity, and open up a total addressable market that is nearly 3X larger and growing,” Rawlinson told analysts on a post-earnings conference call last week.