Lucid's new electric SUV hits the roads for testing
JannHuizenga/iStock Unreleased via Getty Images
Lucid Group (NASDAQ:LCID) announced on Tuesday that the Lucid Gravity SUV has entered a new phase of development with testing taking place on public roads throughout the U.S.
Lucid CEO Peter Rawlinson said the Lucid Air redefined the sedan category and sees the Gravity positioned to change the world of SUVs.
The California-based company said the luxury electric SUV will offer comfortable seating for up to seven adults and their gear, the driving dynamics of a sports car, and greater electric range than any SUV on the market today. The Lucid Gravity will also introduce new Glass Cockpit high-resolution displays, powered by the next generation of Lucid UX, Lucid's intuitive and elegant software interface.
The vehicle is in preproduction and specifications are subject to change.
Shares of Lucid Group (LCID) fell 2.90% in early trading on Tuesday.
More on Lucid Group:

Read the latest breakdowns on Lucid Group from Seeking Alpha analysts
View the growth metrics
See the financial and valuation comparisons to sector peers
Dig into the Seeking Alpha Quant Rating
Tesla fallout: Will Detroit automakers slow down aggressive EV plans?