Electric-car maker Lucid plans to launch luxury sedans in Europe later this year, as the Tesla rival aims to expand its footprint outside the U.S. amid strong global demand for EVs.
The company will launch its Lucid Air Dream Edition P and R sedans in limited numbers for customers in Germany, Netherlands, Switzerland, and Norway later this year, it said in a statement on Tuesday.
Lucid added it would price its Air Dream Edition P/R at about 218,000 euros ($230,208) in Germany.
Last week, the company said it would raise prices for most models from June as it deals with rising raw materials costs but said it would honor current reservations.
Lucid said on Tuesday it also plans to open its first European retail location in Munich on May 13, adding it aims to open additional studio and service center locations in Europe this year.
The California-headquartered company, which makes its vehicles at an Arizona plant, last week reiterated its 2022 production volume outlook of 12,000 to 14,000 vehicles.