US EV Maker Lucid Motors To Enter Chinese Markets

As stated by the head of China operations Zhu Jiang, US luxury electric vehicle (EV) manufacturer Lucid Group is getting ready to join the largest car market in the world.

According to a person acquainted with the situation who was not authorised to speak to the media, Lucid would sell imported cars in China while also taking local manufacturers into consideration.

Zhu acknowledged that the business was getting ready to get into the Chinese market. Regarding any prospects for local manufacture, he refrained from commenting.

The veteran of the automotive business formerly led Ford Motor's Mach-E project in China and previously worked at Jidu Motor, the EV division of the local technology behemoth Baidu.

Last week, Lucid announced plans to raise around US$3 billion through a public offering, with the Public Investment Fund (PIF) of Saudi Arabia providing nearly two-thirds of the funding.

American electric vehicle maker Lucid Group, Inc. has its main office in Newark, California. The Lucid vehicles are created in Arizona at the company's plant after being designed in California. The business was established in 2007.

The Lucid Air Pure is one of several trim options available for the first Lucid automobile. The Lucid Air Touring and Grand Touring models, the latter of which is also available with Performance equipment level, are other Lucid Air trim levels.