Lucid Motors has announced a new $50,000 midsize electric vehicle, marking a strategic move to broaden its market reach and meet rising demand in the mid-range EV sector.

Lucid Motors has confirmed the development of a third midsize EV priced at $50,000, expanding its lineup to include a more affordable model. This move aims to make Lucid's advanced EV technology accessible to a broader audience, aligning with the growing demand for electric vehicles in the mid-price segment and contributing to the company's strategic growth in the EV market.

Source: Noah Wire Services