Rawlinson said Lucid has 'over 17,000' reservations for the model. Lucid expects to produce 20,000 Air sedans next year, a target the company first laid out in July. Zhang Yongwei, a chief expert at Chinese auto think tank EV 100, said electric cars and plug-in hybrids would account for 30 percent of new vehicle sales in the country in 2025. Sales of electric vehicles and plug-in hybrids sales rocketed 134.9 percent year-on-year in October to about 383,000 units, accounting for 16.4 percent of total vehicle deliveries in the month.ĭeliveries in the first 10 months this year totaled 2.54 million, making up 12 percent of total vehicle sales in the same period. It now has a plant in Arizona, and the startup started deliveries of its first model, the Air sedan, in September.Ĭhina is home to the world's largest auto market, and electric vehicle pioneer Tesla opened a factory in the country in 2019, which has become its major export hub globally.

'Mid-decade, we plan to have plants in the Middle East and China, as well,' CEO Peter Rawlinson said in an CNBC interview on Wednesday. Lucid Motors, an electric startup based in California, said it is planning to set up production facilities in overseas markets including China around 2025. People test drive Dream Edition P and Dream Edition R electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, on Sept 28, 2021.

Lucid cars