Lucid Group, Inc. · NASDAQ:LCID
Lucid — Churchill Capital Corp IV — SPAC Merger (June 2021)
20 slides from Lucid's SPAC merger presentation, Jun 16, 2021
Slide 1: Lucid Investor Presentation, June 16, 2021
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Slide 2: Disclaimer and Forward-Looking Statements
2 This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination (the “proposed business combination”) between Atieva, Inc. (“Lucid”) and Churchill Capital Corp. IV (“CCI
Slide 3: Lucid's mission and first product, the Lucid Air
Lucid’s mission is to inspire the adoption of sustainable transportation by creating the most captivating luxury electric vehicles centered around the human experience. Lucid’s first product, the Lucid Air, is on track for expected production and deliveries in 2H 2021. 3
Slide 4: Market Positioning: The Brand Proposition
MARKET POSITIONING The Brand Proposition Heart + Mind California Cool Understated Luxury Reflection of Customer Values Sustainable Effortless Performance Silicon Valley Tech Technological Tour-de-Force Connected Computer on Wheels Race Proven Battery Technology Sophisticated Software
Slide 5: Lucid Air fuses art and science
5 Lucid’s first product, the Lucid Air, fuses art and science to capture the full potential of electrification. As Lucid’s flagship product, the Air establishes the bar for excellence across all Lucid products and experiences. 1) Starting price for Air Pure before $7,500 potential federal tax credit
Slide 6: Introducing the Lucid Space Concept
6 Introducing the Lucid “Space Concept” - Spacious, Luxurious Interior - Compact, Efficient Exterior Note: Executive Rear Seating, shown at upper right, is planned for future release.
Slide 7: Lucid Air bench-style rear seat
7 Lucid Air will launch with a “bench” style rear seat, providing expansive space for three adults with class- leading legroom.
Slide 8: Introducing Glass Cockpit
8 Introducing “Glass Cockpit;” Lucid Air’s beautifully integrated, configurable infotainment system is a technical marvel, providing a seamless connected experience.
Slide 9: Efficiency is the ultimate measure of EV technology
9 1) Efficiency is the ultimate measure of EV technology, and Lucid is the clear winner. • • • 517+1) Model S i-Pace 412 234 Taycan 227 E-Tron 222 R1T 400 2) 1) Lucid Air specs dependent on configuration. Data is based on projected EPA estimated range. EPA estimated ranges for Lucid vehicles are not
Slide 10: Long range and high performance co-exist
10 Lucid’s advanced technology has enabled long-range and high-performance to co-exist. Other EVs have either range or performance, not both. Note: Chart based on Tesla and Lucid testing data. Projected range for the Lucid Air is based upon manufacturer’s projected EPA estimated range. EPA estimated
Slide 11: Lucid Air redefines luxury versus Mercedes-Benz S-Class
11 Lucid Air redefines luxury by offering more than Mercedes-Benz S-Class across price points. Note: Chart based on data advertised by Mercedes-Benz and Lucid testing data. Vehicles are in pre-production and specifications are subject to change. 1) Dream Edition specs dependent on configuration. 2)
Slide 12: Lucid Air offered at various price points
12 Lucid Air is expected to be offered at various price points with different specifications. Note: Projected ranges are based on manufacturer's projected EPA estimated range. EPA estimated ranges for Lucid vehicles are not yet available. Vehicles are in pre-production and specifications are subject
Slide 13: Potential Applications Across Multiple Industries
13 Potential Applications Across Multiple Industries Passenger Vehicles CVs/Buses Helicopters/ Drones/Aircraft Heavy Equipment/ Agriculture Static Energy Storage Systems Complete system functions synergistically to enable Lucid’s efficiency of over 4.5 miles range per kWh Lucid’s miniaturized EV pow
Slide 14: Lucid Electric Advanced Platform (LEAP)
Lucid Air is underpinned by the Lucid Electric Advanced Platform (LEAP), which is designed to support other vehicle variants, enabling greater capital deployment efficiency and speed to market. • • • • • • Note: Timing and specifications of planned future models are subject to change. 1) Bi-directio
Slide 15: Lucid Air and Project Gravity as cornerstones of product family
Lucid Air and Project Gravity are the initial cornerstones of a broader Lucid family of products. Note: Timing and specifications of planned future models are subject to change.
Slide 16: Future growth opportunities beyond Lucid vehicles
Future growth opportunities extend beyond Lucid vehicles. • • • • • • • • Note: ESS design is preliminary and subject to change
Slide 17: uU_uUIC” ICD
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Slide 18: Important Legal Information
IMPORTANT LEGAL INFORMATION Additional Information About the Proposed Transactions and Where to Find It The proposed transactions will be submitted to shareholders of Churchill Capital Corp IV (“CCIV”) for their consideration. CCIV has filed a registration statement on Form S-4 (as amended, the “Reg
Slide 19: Trademarks and Forward-Looking Statements
of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Trademarks This communication contains trademarks, service marks, trade names and copyrights of Lucid, CCIV and oth
Slide 20: Forward-Looking Statements (continued)
market share, and the risks associated with negative press or reputational harm; Lucid’s ability to manage expenses; Lucid’s ability to effectively utilize zero emission vehicle credits; the amount of redemption requests made by CCIV’s public shareholders; the ability of CCIV or the combined company