Lucid Group, Inc. (LCID) is seeing a positive movement in its stock price today, following the announcement of Canadian pricing for its highly anticipated Lucid Gravity SUV. The Lucid Gravity Touring will start at $113,500 CDN, while the Grand Touring model will begin at $134,500 CDN. This announcement has generated excitement, as orders for the Grand Touring model, which boasts 828 horsepower and a projected range exceeding 720 kilometers, will soon be available to Canadian customers. The vehicle's design, which accommodates up to seven adults and offers nearly 3400 liters of cargo space, is tailored to meet the demands of the Canadian market, further boosting investor sentiment.
The Lucid Gravity's introduction to the Canadian market is part of a broader strategy to expand Lucid's presence in North America. The SUV will be showcased at the Montreal International Auto Show from January 17 to 26, providing an opportunity for potential customers to experience the vehicle firsthand. This strategic move is expected to enhance Lucid's brand visibility and drive future sales, contributing to the stock's upward trajectory.
Lucid Group's stock is currently trading at $3.06, a slight increase of 0.49% from the previous close of $3.04. Despite being just 30 minutes into the trading day, the stock has seen a volume of 6,953,740 shares, which is 8.04% of its average daily volume of 86,440,552 shares, indicating moderate trading activity this morning.