American Electric Vehicle Manufacturer Lucid Announced Price Increases To Cope With Rising Raw Material Costs

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Lucid group, a US electric vehicle manufacturer, announced on Thursday that it would raise the prices of most models to cope with rising raw material costs, but said it would abide by current advance orders The company said that from June 1, the price of the newly booked air grand touring in the United States will be $154000, the price of the air touring will be $107400 and the price of the air pure will be $87400, up 10% to 12% respectively from the previous price.

"Like many companies in our industry, we continue to face global supply chain and logistics challenges, including the closure of epidemic related factories," said Sherry house, lucid's chief financial officer

Despite these challenges, the company reiterated its annual production forecast of 12000 to 14000 vehicles.

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