Lucid to launch luxury sedans in Europe later this year

Electric carmaker Lucid Group plans to launch luxury sedans in Europe later this year.

Lucid is trying to expand its footprint outside the United States as global demand for electric vehicles (EVs) wax stronger.

Lucid plans to launch its Lucid Air Dream Edition P and R sedans in limited numbers for customers in Germany, Netherlands, Switzerland and Norway in late 2022.

Lucid added it would price its Air Dream Edition P/R at about 218,000 euros ($230,208.00) in Germany.

Lucid also plans to open its first European retail location in Munich on May 13. The EV maker aims to open additional studio and service center locations in Europe this year.