earnings fourth Maynard, for and our us quarter call. you, Thank thank everyone, you, for joining
Year. gotten of other think Driver and can't significant any this The Best company XXXX XXXX, first the accolades, the List During far years and Car fast. of of that Trend of Car the World we've of X XX Year Luxury has the Motor XXXX industry Air, this I production including Car Lucid garnered for
superior design recognized. repeatedly and performance technology, been Our has
range technology, the is hour Air. lead real of Lucid growing, not Air with X.XX with wheel drive. prowess range per our miles through gap kilowatt pioneer for between of did technology we shrinking. not others And also our and proved grew The technology we the concept only efficient We've our Pure Lucid
the launched Sudan showcase all-around our been the EPA supersport the and it handling first the powerful a recognized and exceptional production Sudan has dynamics. exceptional halo Its also of We Sapphire, as of technology. also driving range car as Lucid Not product most a ever, Air charging fast XXX package. miles just to potency the estimated truly EV with driving completes great
wheel addressable at upon of midsized rear early reviews. and expansion embarking our we're now The LA with transformational of development the Pure Air of And Lucid's most with market the forthcoming our total expansion broadens the lineup. drive the right Lucid and starts unveiled now We Gravity November phase in our vehicle to Gravity Show with grows Auto with next tremendous platform. the
will we Lucid It week, I who to it its speed am Lucid. European for charging International that electric see Geneva, the fast market. the Geneva believe. redefine be efficiency, at next us come be where the in incredible to SUV you Gravity the and class, space to confident see segment superior have anything and with that unlike will range, for massive Show, be those will you welcome in will Switzerland And Gravity the we to introduce might and Motor interior
from a we'll to marketing our confidence making analytical sales gives but to year. are progress. the among solid awareness. increased In our of approach substantially And the turning brand of beginning initiatives. And take data-driven are science-based, EV Now also this we our tenders and significance to marketing. purchasing sales adding continue us initiatives marketing that increased awareness greater and XXXX, new our And
expanding will us in partnership brand leads ecosystem vehicles, are sales. and not to Avenue Fifth our Select to Saks locations further recent our generate studio. and the leverage locations awareness, currently with test present luxury example, will For reach which allow Saks drive have
last has just been recent initiative Stealth significance particular Pure launched Air our Of week.
starting a the the under range finest at realized for $XX,XXX. now now starts world have The price EV Lucid Yes, point We production Air in that's of right. $XX,XXX.
the range into market effectively Air a of segment. the This new scope Lucid addressable extends total
we're results this. with strategy already fact, commensurate affordable make our this Moreover, In is seeing long-term promising extremely to more progressively from vehicles.
This hours. less achieve is has XXX Because miles further EPA made our [indiscernible] of enables profound further batteries, than commercial cost XX-kilowatt pack estimated part pack, the an achieves EV rear large range size the translates advantage. cars cost proposition the And of But our dominated competition. drive more by remarkable of value the Air advantage to battery the to battery is with been this significantly, able an in [indiscernible] this just directly to technology. go a possible since Pure of technical world-leading wheel with it by
more it's the comprehended. and Now recently stringent. fully is testing this The has I impact of believe become been revised, important that full procedure it's EPA
a So able [ X.XX range achieve and per battery drive hour EPA new is of landmark Air ratings. miles wheel rear to with kilowatt capacity, Pure of ] that's
other is and we upon our technology building are ahead, their registering respective and advantage, forging advantage. commercial currently believe witnessing reductions it, future range growing EV in So our with brands whilst ratings, I Lucid
not scale. I'm manufacturability we coming. we clear, for technology at upon I that and But And focused want our understood more have critically designed It's be well also developed mass true to cost.
significant down advancements I have We further. can believe that costs drive
Technology is never costs. innovation coming, been from what's products. also our creating about technology about to yet And to about not only what's I've come roadmap. It's improve pumped more incredible
future. prudently We invest resolutely the whilst continuing are focused upon to cost for
makes Gravity of we'll paint the on body in the X. Air [ advanced for state-of-the-art is preparation XXXX, continue integrate expansion assembly general a call it new to was dramatically our most and the same facility that X, We Gravity. Arizona, sense powertrain and we at where capable AMP areas line Through in and line. stamping, our ], in expanded both And assembling that shop AMP manufacturing which Gravity built a of we plant vertically
manufacturing built-up are in These kits. Saudi semi for built in critical for knockdown our ground long-term car Arabia cost first investments year there. plant of We This goods are of also that reflected cars we ever the sold. broke manufacturing the the completely
imagery it I you the some the truly you to the gives future. how Now person what different When of of a understand in building see our hope factory we're the sense doing. and state-of-the-art scope you factory, and in earnings presentation, in scale for not shots the start we're
factory. more critical continued provide our for and our focused XX best-in-class material In than to our My which from facilities, technology for year, of and in and They signal investment Gravity, production guests one message excellence and upon January representing potentially of our the our over suppliers we feedback partners, together. and growth, of of highlighted for strategic the key a fact, have was support in advanced obsessed to extraordinary. driving importance XXX journey midsize The was come suppliers Air long-term need them this this commitment.
to So I want express my them. all gratitude of to heartfelt
Now from raised perspective. and we on invest both for about In supremacy, incredibly equity we including the from funding our from cost an of to excited also $X.X I'm XXXX, future billion unparalleled PIF. $X support and billion, innovation a our shareholder, side, continue the R&D largest in road map,
detail. in liquidity about further talk will Gagan Now
through actively supply broader exploring agreements. technology technology licensing deal additional We we're such business and first and and formed and with access Martin, even our our Aston
We company, demand. range company we're for results. perfectly car in early pleased that incremental also and rental to saw new fact, are rental and fleets. to car efficiency due a very have suited with sales And from we Lucid's orders
pleased haven't with course, customers grow our Of the business. far. car. taking we which yet This we're We're and what thus allow seeing experience approach, a brand and another is to yet prudent, scaled methodical we're awareness tool this is potential help
a made capabilities. where our in-house significant XXXX year also we was with progress software
Software is more interface. the just than user
powertrain world, interface everything of software We engineers to features, the on user infrastructure. in have some to new best working the to from
we transitioning of fact, have to also source only functionality developed but In not This in-house it's software our savings. a over-the-air cost own and our OTA infrastructure. helps been
most aiding this software simply a that car the that building as And monetize And Now not it's other course, service small technology we costs. another do. able potentially would in is One companies be feat. of platform future. an no OTA I to could is platform of example believe a
want well. as transparent be I to Now
had also some challenges. We
Firstly, rate the mainly learning. in us, been there's and market. to markets environment new interest impacted higher some the macroeconomic this And in
For example, to different unique in there are that market. that Arabia, we Saudi intricacy and learned market is dynamics
scaling growth for pain up and And But so good region this scale in we We're points. that year. business have expect addressed to we've differently growth. the the
some and doing production with Now challenges drive quarter. something efficient. we've This wheel technical in advanced fourth also Pure rear the of so faced is when normal the so commencing
kilowatt now per these a said, and delighted up. miles challenges a we But our achievement hour. accessible is ramped it production. with overcome and range landmark car, most fully had say to I This of that in now we've pure are ramping X.XX I'm challenges As
So ahead to as enhance year customer journey. our about I'm the We improvements focused start XXXX, made and beyond. further very excited we
we able increase to X delivery, in midst Lucid to from with just vehicles. a get order about significantly are time the to simplify our they financing we improve finance cases, customer the time in one of services working their and journey improve and, For experience, in walk the delivery And to platform.
Combined were to significantly time the delivery also of out able accelerated orders. purchase cycle order from example, the times financial enhance were the cycle the pilots, technology we a been place In they has customer team to new implementing customer the reducing to hours. customer completed instance, only rollout the satisfaction through some
and live and go for this to of is end loan all new lease process markets this other by has new loans Now year. since QX markets the select and expected for of live for QX been
locations these more roll us see out to You'll XXXX. throughout
now total hour to an making doing of pack what but technical based Air we stringent allows new our and affordable estimated achievement upon getting out battery cut addressable more more triples So do, and progressively the by under provide the us XX-kilowatt in intended miles starting at A to battery $XX,XXX. the always testing. even Pure still EPA EPA an costs in range XXX market
already this addressable will market driving are from than And our by The start and scheduled Xx. numerous around. for expand further is total late more XXXX Gravity prototypes of production year Gravity
In built prototypes more fact, XX than to date. we just
You what family interior sheer has by possible just made believe to the craving, design. and technology it, only space and our been practicality the have see to every is
of expand will daily push I'm We'll And from by sign-ups feedback for in saw and this more unveil. We than platform of to following more the increase midsized And for scheduled interest Auto nearly start XXXX. the our fourfold gravity possible the the Show XXXX opportunity L.A. affordable, what's early the production encouraged exceptionally interest. and continue market technology. late XXx. next-gen to is powertrain midsized the boundaries with car And high-volume
future mentioned cost shop to [ of I quality light Gravity with invest our integration As an with continue powertrain and longer-term we'll at X, stamping, our part with with vertical ] AMP further in paint for body earlier, important in strategy. expansion and
to broader and emphasis seems also be landscape in want market from the EVs. shift what touch I a on to
EV easy Emission do you've We and the Environmental and that standards can performance race.
But many of market. this engine have truly vehicles are over internal becoming understood utmost and technology dominated getting is the me regulatory sheer forces improvements, to doing energy the isn't an automotive a more I confidence times. drive superiority say believe in will is better This eventual sustainability, storage now. march And EV world-leading future not it. everyone combustion heard technology stringent, growth the EV market.
ready technology our about others interest markets in larger to the OEMs we back continue help. are OEMs, with in and adjacent We've work our we've access pulling receive are deal Aston other others willingness talked incremental Martin. on as our to first and for automotive with space here EVs, As advanced as signed to well And from we technology.
it's to announce vertical, encouraged electric interest terms technology hybrid we're but in for electric really use are There's also the In vehicles, the by important seeing planet. interest. yet critically we we're And the our but today this for is in of for because it only the to think deal, open nothing of vehicles. not level we automotive in
importance EVs our purpose of is the we week. core also which we proud products, believe in Sustainability transparency, ingrained the of at to we are. we company. and It's innovation last start, technology a very and I'm the our why our just but report first and are so is are sustainability who say that just published accountability in
of this Gravity expansion Gravity our XXXX production We of come course, addressable more with software total enhancements of have significant later market and, Gravity Gravity, the of Air test and opening year. orders, the in with drives and announcements, to Pure of start the opportunity of start further
here a Now more. long much come we've way, to and we're do
We stay. to are here
and while a have having for laser determined a We focus costs. clear strategy growth upon
thank like saying overcome can't I I'd partners, and our on other most any our to here by people the employees. you and to than important suppliers, close I So Lucid. significant people of challenges journey would this to with our We've asset, rather our to be at think
our future. successes. the more about excited so Lucid are next our And upon You transformational phase the core been story, are of of and the I've we embarking never
on update into financials. And role to with please that, I'd has of stepped like the interim Gagan Gagan, CFO, an Dhingra, our provide our who introduce