Demonstrates Lucid's Commitment to Inspire the Adoption of
Sustainable Transportation
NEWARK,
Calif., April 19, 2023 /PRNewswire/ -- Lucid
Group, Inc. (NASDAQ: LCID), setting new standards for luxury
electric experience with the Lucid Air, winner of the 2023 World
Luxury Car Award, today announced that it has joined the
United Nations (UN) Global Compact, the world's largest voluntary
corporate sustainability initiative. With more than 21,800
companies in over 162 countries participating, the UN Global
Compact seeks to mobilize a global movement of sustainable
companies and stakeholders.
"Joining the UN Global Compact is a milestone in our
sustainability journey and a symbol of our dedication to
decarbonizing transportation worldwide," said Peter Rawlinson, Lucid's CEO and CTO. "As an
electric vehicle company relentlessly focused on engineering and
performance, our in-house technology enables Lucid Air to generate
more range with less energy than any other electric vehicle."
"With each extra mile that we extract per kilowatt-hour of
energy, less energy is needed from the electrical grid to get you
safely to your destination, and fewer carbon emissions are
produced. This same technology and innovative approach can
similarly enable smaller, lower-cost battery packs that retain
competitive range — which in turn will benefit the environment by
requiring fewer battery cells per vehicle," Rawlinson added.
The UN Global Compact challenges companies to conduct business
responsibly by aligning their operations and strategies with the
UN's Ten Principles which pertain to human rights, labor,
environmental practices, and anti-corruption. It also commits
companies to take actions in accordance with the UN Sustainable
Development Goals (SDGs). These goals provide a powerful aspiration
for businesses, governments, civil society, and citizens to make a
better world.
By joining UN Global Compact, organizations commit not only to
sustainable practices but also to enhancing transparency.
Participation in the UN Global Compact requires signatories to
report yearly on their commitment to the universal sustainability
principles and development goals. To learn more about the UN Global
Compact, visit https://www.unglobalcompact.org.
About Lucid Group
Lucid's mission is to inspire
the adoption of sustainable energy by creating advanced
technologies and the most captivating luxury electric vehicles
centered around the human experience. The company's first car, the
Air, is a state-of-the-art luxury sedan with a California-inspired design. The Lucid Air
Grand Touring features an official EPA estimated 516 miles of range
or 1,050 horsepower. Produced at Lucid's factory in Casa Grande, Arizona, deliveries of Lucid Air
are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
Media Contact
media@lucidmotors.com
Trademarks
This communication contains trademarks, service marks, trade names
and copyrights of Lucid Group, Inc. and its subsidiaries and other
companies, which are the property of their respective owners.
Forward-Looking Statements
This communication includes "forward-looking statements" within the
meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"shall," "expect," "anticipate," "believe," "seek," "target,"
"continue," "could," "may," "might," "possible," "potential,"
"predict" or other similar expressions that predict or indicate
future events or trends or that are not statements of historical
matters. These forward-looking statements include, but are not
limited to, statements regarding Lucid's plans and expectations
regarding Lucid's participation in the UN Global Compact, including
Lucid's commitment to inspire the adoption of sustainable
transportation, and the promise of Lucid's technology, including
the potential environmental impact of Lucid's technology. These
statements are based on various assumptions, whether or not
identified in this communication, and on the current expectations
of Lucid's management. These forward-looking statements are not
intended to serve as, and must not be relied on by any investor as,
a guarantee, an assurance, or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and may differ from these forward-looking
statements. Many actual events and circumstances are beyond the
control of Lucid. These forward-looking statements are subject to a
number of risks and uncertainties, including those factors
discussed under the heading "Risk Factors" in Part I, Item 1A of
Lucid's Annual Report on Form 10-K for the year ended December 31, 2022, as well as other documents
Lucid has filed or will file with the Securities and Exchange
Commission. If any of these risks materialize or Lucid's
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that Lucid currently does not know or that
Lucid currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Lucid's expectations, plans or forecasts of future events
and views as of the date of this communication. Lucid anticipates
that subsequent events and developments will cause Lucid's
assessments to change. However, while Lucid may elect to update
these forward-looking statements at some point in the future, Lucid
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing Lucid's assessments as of any date subsequent to the
date of this communication. Accordingly, undue reliance should not
be placed upon the forward-looking statements.
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SOURCE Lucid Group
