Lucid opens new retail centre in the Netherlands

The US-American electric car manufacturer Lucid Motors has opened its third European retail location and its first service, delivery and distribution centre in Europe in Hilversum, the Netherlands, just outside Amsterdam.

The 2,232-square-meter location is designed to provide Dutch customers with comprehensive sales and service support, the company said in a statement. Lucid’s European headquarters are located in Amsterdam. However, the new location at Bussumergrintweg 12 in Hilversum will be operated separately.

“The Netherlands is a key market for Lucid because of its high adoption of EVs and very mature charging infrastructure,” said Eric Bach, senior vice president of product and chief engineer for Lucid Group.

Additional Lucid locations are planned to open in key European markets in 2023, but specific locations are not named in the announcement. Previously, Lucid had established offices in Munich and Geneva.

Lucid also completed its previously announced new share-offering programme. Under the program, Lucid sold more than 56.2 million shares of common stock for gross proceeds of approximately $600 million. The raising of an additional approximately $915 million from the Saudi government, which owns a majority of Lucid shares through its Public Investment Fund, is expected to be completed before the end of December.

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