AMSTERDAM, Sept. 28, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced the official opening of its latest European retail location in Düsseldorf, Germany. The Düsseldorf Studio is Lucid's fifth retail space in Europe and second in Germany.

Located in the heart of Düsseldorf on the iconic Königsallee, the newest studio marks Lucid's growing footprint in Europe and commitment to delivering exceptional electric vehicles across Germany.

"We are delighted to open our second Studio in Germany, a country with a passion for cars and the environment," said Zak Edson, Vice President of Sales and Service, Lucid Group. "The reception we received after the opening of our first store in Munich confirmed that German customers are ready for Lucid. The Autobahn-tuned Lucid Air has exceptional range, unique design, incredible performance, and superior charging times. We look forward to sharing it with the Düsseldorf community."*

Visitors are welcome to join us at the Lucid Düsseldorf Studio on Friday, 29 September, beginning at 11:30 a.m. with the ribbon cutting ceremony and grand opening. Test drives can be arranged in advance by contacting the Studio directly.

Experience the Lucid Air
Every Lucid Studio offers the customer a close insight into the award-winning Lucid Air, underscoring the company's unique design aesthetic and providing an opportunity to learn more about Lucid's products and technology, designed and engineered in California.

About the 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, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Assembled at Lucid's factory in Casa Grande, Arizona and King Abdullah Economic City (KAEC), Saudi Arabia, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.

Lucid Düsseldorf Studio
Königsallee 90
40212 Düsseldorf
+49 230 21 88 43 09
lucidmotors.com

*Lucid Air Pure: Combined electrical energy consumption 14.1 - 15.7 kWh/100km, combined CO2 emissions 0g. Lucid Air Touring: Combined electrical energy consumption 14.1 - 16.0 kWh/100km, combined CO2 emissions 0g. Lucid Air Grand Touring: Combined electrical energy consumption 14.9 - 16.1 kWh/100km, combined CO2 emissions 0g. Lucid Air Dream Edition Performance: Combined electrical energy consumption 15.3 - 16.6 kWh/100km, combined CO2 emissions 0g. Lucid Air Dream Edition Range: Combined electrical energy consumption 15.0 - 16.0 kWh/100km, combined CO2 emissions 0g

The consumption values for electrical energy and CO2 were determined based on Regulation 2017/1151 and are for the German market. The consumption values for electrical energy vary depending on the selected specification.

Further information on the official fuel consumption, official specific CO2 emissions and electricity consumption of new passenger cars can be found in the 'Guide to fuel consumption, CO2 emissions and electricity consumption of new passenger cars', which is available free of charge at all points of sale and at DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, or which can be accessed under https://www.dat.de/co2/ free of charge.

Media Contact
Sebastian Michel
PR & Communications Manager Europe Lucid Motors
preurope@lucidmotors.com

Camilla Jokisch
Serviceplan Public Relations & Content GmbH & Co. KG
lucid-presse@house-of-communication.com

Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

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," "shall," "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 matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations regarding the new Düsseldorf studio, the Lucid vehicles, and the driving range, features, specifications and promise of Lucid's technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor or consumer as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid 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 Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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