Demonstrates Lucid’s Dedication to Encourage the Adoption of Sustainable Transportation
NEWARK, Calif., April 19, 2023 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), setting new requirements for luxurious electrical expertise with the Lucid Air, winner of the 2023 World Luxurious Automotive Award, immediately introduced that it has joined the United Nations (UN) World Compact, the world’s largest voluntary company sustainability initiative. With greater than 21,800 corporations in over 162 international locations collaborating, the UN World Compact seeks to mobilize a world motion of sustainable corporations and stakeholders.
“Becoming a member of the UN World Compact is a milestone in our sustainability journey and a logo of our dedication to decarbonizing transportation worldwide,” mentioned Peter Rawlinson, Lucid’s CEO and CTO. “As an electrical car firm relentlessly centered on engineering and efficiency, our in-house expertise permits Lucid Air to generate extra vary with much less vitality than another electrical car.”
“With every further mile that we extract per kilowatt-hour of vitality, much less vitality is required from {the electrical} grid to get you safely to your vacation spot, and fewer carbon emissions are produced. This identical expertise and modern strategy can equally allow smaller, lower-cost battery packs that retain aggressive vary — which in flip will profit the surroundings by requiring fewer battery cells per car,” Rawlinson added.
The UN World Compact challenges corporations to conduct enterprise responsibly by aligning their operations and techniques with the UN’s Ten Ideas which pertain to human rights, labor, environmental practices, and anti-corruption. It additionally commits corporations to take actions in accordance with the UN Sustainable Growth Objectives (SDGs). These targets present a robust aspiration for companies, governments, civil society, and residents to make a greater world.
By becoming a member of UN World Compact, organizations commit not solely to sustainable practices but in addition to enhancing transparency. Participation within the UN World Compact requires signatories to report yearly on their dedication to the common sustainability ideas and growth targets. To study extra in regards to the UN World Compact, go to https://www.unglobalcompact.org.
About Lucid Group
Lucid’s mission is to encourage the adoption of sustainable vitality by creating superior applied sciences and probably the most charming luxurious electrical automobiles centered across the human expertise. The corporate’s first automobile, the Air, is a state-of-the-art luxurious sedan with a California-inspired design. The Lucid Air Grand Touring options an official EPA estimated 516 miles of vary or 1,050 horsepower. Produced at Lucid’s manufacturing unit in Casa Grande, Arizona, deliveries of Lucid Air are at the moment underway to prospects within the U.S., Canada, Europe, and the Center East.Â
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Ahead-Trying Statements
This communication contains “forward-looking statements” inside the which means of the “secure harbor” provisions of the US Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by means of phrases akin to “estimate,” “plan,” “mission,” “forecast,” “intend,” “will,” “shall,” “anticipate,” “anticipate,” “consider,” “search,” “goal,” “proceed,” “might,” “might,” “may,” “attainable,” “potential,” “predict” or different related expressions that predict or point out future occasions or traits or that aren’t statements of historic issues. These forward-looking statements embrace, however aren’t restricted to, statements relating to Lucid’s plans and expectations relating to Lucid’s participation within the UN World Compact, together with Lucid’s dedication to encourage the adoption of sustainable transportation, and the promise of Lucid’s expertise, together with the potential environmental affect of Lucid’s expertise. These statements are primarily based on varied assumptions, whether or not or not recognized on this communication, and on the present expectations of Lucid’s administration. These forward-looking statements aren’t meant to function, and should not be relied on by any investor as, a assure, an assurance, or a definitive assertion of reality or chance. Precise occasions and circumstances are troublesome or not possible to foretell and will differ from these forward-looking statements. Many precise occasions and circumstances are past the management of Lucid. These forward-looking statements are topic to a lot of dangers and uncertainties, together with these components mentioned underneath the heading “Danger Components” in Half I, Merchandise 1A of Lucid’s Annual Report on Kind 10-Okay for the 12 months ended December 31, 2022, in addition to different paperwork Lucid has filed or will file with the Securities and Trade Fee. If any of those dangers materialize or Lucid’s assumptions show incorrect, precise outcomes might differ materially from the outcomes implied by these forward-looking statements. There could also be further dangers that Lucid at the moment doesn’t know or that Lucid at the moment believes are immaterial that might additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements replicate Lucid’s expectations, plans or forecasts of future occasions and views as of the date of this communication. Lucid anticipates that subsequent occasions and developments will trigger Lucid’s assessments to vary. Nonetheless, whereas Lucid might elect to replace these forward-looking statements in some unspecified time in the future sooner or later, Lucid particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.
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SOURCE Lucid Group