Lucid Group, Inc. (NASDAQ:LCID) shares are on the rise after the company announced the availability of its Lucid Gravity Grand Touring model for Canadian customers.
The vehicle can now be configured via Lucid’s “Design Yours” configurator on its website, with options available in both English and French, the company said in a press release.
The Lucid Gravity Grand Touring starts at C$134,500 (~$94,900) and boasts dual electric motors delivering 828 horsepower and a projected range of over 720 km on a single charge.
This apart, the Lucid Gravity Touring variant, starting at C$113,500, is planned for release in late 2025.
Meanwhile, Lucid said that Lucid Gravity also stands out for its charging capabilities, enabling compatibility with the Tesla, Inc. Supercharger network.
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The vehicle’s technology allows it to charge at up to 400 kW on 1000V equipment, adding around 200 miles of range in under 12 minutes.
Lucid said it offers a range of configurations, including six exterior colors and five interior themes.
According to Benzinga Pro, LCID stock has lost over 3% in the past year. Investors can gain exposure to the stock via First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN).
Recently, Lucid reported record deliveries in the fourth quarter, with strong momentum and the launch of a second vehicle model.
Lucid launched the highly anticipated Gravity three-row SUV in late 2024.
In January, Lucid sold 50 Lucid Gravity SUVs, according to data from Motor Intelligence reported by Electrek. The company had total sales of 665 units in January, consisting of the Gravity vehicles and 615 Lucid Air sedans.
Price Action: LCID shares are trading higher by 2.05% to $3.327 at last check Friday.
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