2026 launch on track for Lucid’s midsize electric SUVs

• Preparing assembly lines
• Arranging vendor collaborations
• Working on US supplier agreements

EV maker Lucid is on track to launch its midsize electric SUV in 2026, as it looks to tap an increasingly competitive segment dominated by rival Tesla’s bestselling Model Y crossover.

“There are a lot of crazy things going on in the world that can affect that [timeline]. But currently we are on track,” said Lucid senior vice president Derek Jenkins.

Lucid’s teams have been preparing assembly lines and working with vendors to move ahead with the launch of the $50,000 model.

Interim CEO Marc Winterhoff added that the company, which is backed by Saudi Arabia’s sovereign wealth fund PIF, is working to mitigate the effects of the Trump administration’s tariffs.

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While Lucid does not plan any price hikes, it has signed agreements with battery cell and graphite suppliers to bring production to the US, Winterhoff said.

“We have those agreements already. The plants are being built right now, so it’s not something that we can switch on today, but it’s in the near future,” he said.