NEWARK, Calif., Dec. 13, 2021 /PRNewswire/ -- Lucid Group, Inc.
(Nasdaq: LCID), which is setting new standards with its advanced
luxury EVs, today announced that the company has been added to the
Nasdaq-100 Index®, effective prior to market open on
Monday, December 20, 2021.
"We are proud to join the prestigious Nasdaq-100 Index, a
recognition of our progress establishing Lucid in the EV market and
our future growth strategy," said Sherry
House, CFO, Lucid Group. "Since our successful public
listing on Nasdaq in July, and with customer deliveries of the
Lucid Air beginning in October, our differentiated EV technology
continues to drive a clear demand for, and confidence in, our
products and company."
The Nasdaq-100 Index® is one of the world's
preeminent large-cap growth indexes and is designed to measure the
performance of 100 of the largest Nasdaq-listed non-financial
companies, based on market capitalization.
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy
by creating advanced technologies and the most
captivating luxury electric vehicles centered around the human
experience. The company's first car, Lucid Air, is a
state-of-the-art luxury sedan with a California-inspired design that features
luxurious full-size interior space in a mid-size exterior
footprint. Underpinned by race-proven battery technology and
proprietary powertrains developed entirely in-house, Lucid Air was
named the 2022 MotorTrend Car of the Year®. The
Lucid Air Dream Edition features an official EPA estimated 520
miles of range or 1,111 horsepower. Customer deliveries of Lucid
Air, which is produced at Lucid's new factory in Casa Grande, Arizona, are underway.
Forward-Looking Statements
This communication includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"expect," "anticipate," "believe," "seek," "target," "continue,"
"could," "may," "might," "possible," "potential," "predict" or
other similar expressions that predict or indicate future events or
trends or that are not statements of historical facts. These
forward-looking statements include, but are not limited to,
statements regarding the Company's expectations related to the
start of production and deliveries of the Lucid Air and Lucid
Gravity, the performance, range, and other features of the Lucid
Air, construction and expansion of the Company's AMP-1
manufacturing facility, and the promise of the Company's
technology. These statements are based on various assumptions,
and actual events and circumstances may differ. Forward-looking
statements are subject to a number of risks and uncertainties,
including factors discussed in the Company's Registration Statement
on Form S-1, as amended, the Company's Annual Report on Form 10-K/A
for the year ended December 31, 2020
and the Company's Quarterly Report on Form 10-Q for the quarter
ended September 30, 2021, in each
case, under the heading "Risk Factors," as well as other documents
of the Company that are filed, or will be filed, with the
Securities and Exchange Commission. If any of these risks
materialize or the Company's assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that the
Company does not presently know or that the Company currently
believes are immaterial that could also cause actual results to
differ from those contained in the forward-looking statements. In
addition, forward-looking statements reflect the Company's
expectations, plans or forecasts of future events and views as of
the date of this communication. However, while the Company may
elect to update these forward-looking statements at some point in
the future, the Company specifically disclaims any obligation to do
so. These forward-looking statements should not be relied upon as
representing the Company's assessments as of any date subsequent to
the date of this communication.
Media Contact
media@lucidmotors.com
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SOURCE Lucid Motors