Lucid has in his income statement announcements that it increases the prices of its luxury Air EV range by as much as 13 percent, TechCrunch reported. The Air Grand Touring will increase by $ 15,000 to $ 154,000, the Air touring will jump $ 12,400 to $ 107,400, and the cheapest Air Pure will increase by $ 10,000 to $ 87,400. The new prices will not affect 30,000 current owners on reservations.

“Like many companies in our industry, we continue to face the global supply chain and logistics challenges, including the shutdown of Covid-related factories in China. We are working closely with our suppliers to mitigate the impact of the outages, “Lucid Sherry House CFO said in a statement. “Although any long interruptions could affect our production forecast, today we are repeating our forecast for the production of 12,000-14,000 vehicles for 2022 based on the information we have so far, combined with our mitigation plans.

Lucid still expects to begin shipping the $ 179,000 Air Grand Touring Performance in June (the price remains the same), with the Air Touring and Air Pure following later this year. Production of the SUV Project Gravity will begin in the first quarter of 2024, said Lucid CEO Peter Rawlinson.

Rising prices for electric vehicles are a problem for the whole industry at the moment due to the war in Ukraine, the shutdown of factories associated with COVID and others. Tesla recently raised prices on all models, raising the base Model 3 by $ 2,000 to $ 46,990. Rivian also raised the price of its electric pickups, raising R1T by $ 12,000 – but withdrew from pre-orders as planned after a protest.

Lucid also said it had generated $ 57.7 million in revenue in the last quarter, thanks to deliveries of 360 vehicles, the most it has ever done. The company expects to continue losing money as it builds its production facilities in Arizona and Saudi Arabia, but has $ 5.4 billion in cash as a buffer.

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