The postponement of the New York auto show meant California-based EV startup Lucid Motors didn't hold the global debut of its first production car, the Lucid Air, in April as planned. It offered a sneak preview in Silicon Valley for reservation holders in February before shelter-in-place rules went in effect.
CEO Peter Rawlinson told guests that construction of the company's Arizona factory had progressed significantly and the initial Dream Edition of the executive sedan was on schedule. Lucid updated that in a May 1 release: "We haven't had to modify ambitious plans to complete our factory for upcoming Lucid Air production ... later this year."
Road testing of the Air, which is expected to compete with the long-range Tesla Model S and break the $100,000 barrier on the top trims, was suspended due to the coronavirus crisis. The company said in mid-May that it had built more than 40 "beta" prototypes to continue its evaluations once the lockdown lifts.
Lucid is in better shape than some peers. Just over a year ago, it closed a $1 billion investment from the Public Investment Fund of Saudi Arabia. Rawlinson told Bloomberg in February "there is room for Lucid to thrive alongside Tesla" and compete with the likes of Mercedes-Benz.
Lucid has not announced a new date for the Air's public reveal.