EV startup Lucid enters lucrative SUV market with $80,000 Gravity

Lucid’s Gravity electric SUV is seen in a preview at Lucid’s headquarters in Newark, California, U.S. November 3, 2023. REUTERS/Abhirup Roy

LOS ANGELES (Reuters) - Lucid, known for its flagship Air luxury electric sedan, unveiled the much-awaited Gravity sport utility vehicle on Thursday, driving the startup into a lucrative section of the U.S. auto industry amid growing caution over slowing EV demand.

Starting at under $80,000 and with the top trim offering more than 440 miles in range, the Gravity sits right next to rival Rivian's flagship R1S SUV and is expected to go into production late next year.