(Reuters) – Luxury electric-vehicle maker Lucid Group on Thursday launched a cheaper, rear-wheel drive version of the Air Pure sedan starting at $77,400, as it looks to stoke demand.
Despite the lower price, the new Lucid model is more expensive than larger rival Tesla’s Model S luxury sedan, which starts at $75,000.
The new variant of the Air sedan is available immediately and will offer a range of 410 miles on a full charge, the company said.
(Reporting by Akash Sriram in Bengaluru; Editing by Arun Koyyur)
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