Lucid Group, Inc. (LCID) Stock: Gains 4% as Canada Opens Orders for the Lucid Gravity Touring SUV

TLDR

• Lucid Gravity Touring orders open in Canada starting at $113,500 CDN.
• LCID stock is trading at $12.20, up 4.14% during market hours.
• SUV offers up to 542 km of range with fast-charging capability.
• Seven-seat layout, large cargo space, and high-performance specs included.
• Deliveries expected early next year; earnings date not mentioned.

Lucid Group, Inc. (NASDAQ: LCID) stock is trading at $12.20, up 4.14%, as the automaker announced that Canadian orders are now open for the Lucid Gravity Touring.

Lucid Group, Inc., LCID

The model starts at $113,500 CDN and extends the company’s push into the luxury electric SUV segment. The company did not mention an earnings date in the announcement.

Lucid Gravity Touring Launches in Canada

Lucid revealed that deliveries for the Gravity Touring will begin early next year. Buyers can customize their vehicles on the company’s “Design Yours” configurator, available in both English and French.

Interim CEO Marc Winterhoff stated that the Gravity Touring expands Lucid’s reach into the vital SUV category, offering a mix of range, interior flexibility, and performance unmatched in its class.

Expanding the Gravity Lineup

The Gravity Touring builds on Lucid’s proprietary EV platform, sharing its architecture with the Gravity Grand Touring. It combines full-size SUV capability with mid-size dimensions, seating up to seven adults.

The vehicle uses Lucid’s high-efficiency battery and powertrain, enabling an NRCan-estimated range of up to 542 km from an 89kWh pack. Charging access spans Tesla Superchargers and Electrify Canada stations. With 1000V DC charging, it can reach speeds of up to 300 kW.

When paired with Tesla Superchargers, the SUV charges at up to 220 kW, enabled by Lucid’s proprietary rear motor drive unit boost charging system.

Performance and Driving Capabilities

With a dual-motor, all-wheel-drive configuration producing up to 560 hp, the Gravity Touring accelerates from 0-100 km/h in 4.2 seconds. Standard air suspension supports a smooth ride, while the optional Dynamic Handling Package offers enhanced agility.

Interior configurations include five- and seven-seat layouts, with up to 3,400 litres of cargo space. Buyers can choose from six exterior colors and wheel sizes ranging from 20 to 23 inches. The standard Stealth Appearance adds dark accents, while the optional Platinum Appearance introduces silver highlights.

Focus on User Experience

Lucid continues its design-forward approach with features carried over from the Grand Touring. These include the Clearview Cockpit, a curved 34-inch 6K OLED display that enhances driver visibility.

The Lucid UX 3.0 interface and OTA updates allow the vehicle’s software system to evolve long after purchase. Customers can also opt for DreamDrive 2 Pro, Lucid’s advanced driver-assistance system that uses 32 onboard sensors.

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