Lucid Says Cosmos Production on Track for Late 2027

Lucid Group confirmed that production of its upcoming midsize electric crossover, the Cosmos, is on track to begin in the second half of 2027, according to statements made during the company’s third-quarter earnings call.

What Happened

CEO Silvio Napoli described the Cosmos as a "must-win project" for the EV startup, which is attempting to transition from a niche luxury manufacturer to a high-volume producer. The vehicle will be assembled at AMP-2, Lucid’s second manufacturing facility located in King Abdullah Economic City, Jeddah, Saudi Arabia. Napoli reported that the stamping line installation is complete, body shop installation is accelerating, and paint equipment is in the final stages of arrival on site. Additionally, pilot production is underway in Coolidge, Arizona, to facilitate know-how transfer to the Saudi plant.

Why It Matters

The Cosmos is positioned to compete directly with the Tesla Model Y and Rivian R2, targeting a price point of approximately $50,000. This model is critical to Lucid’s strategy, especially after third-quarter sales dropped to 3,806 vehicles, although year-to-date sales remain up 33% due to Gravity SUV deliveries. The company has delayed the launch from its original end-of-2026 timeline to avoid the quality issues that plagued earlier models. Lucid also plans to announce specific reveal and production-start timelines in the first quarter of next year. The midsize platform will also underpin a planned robotaxi service in partnership with Uber and Nuro, supported by an additional $1.75 billion loan from Saudi Arabia’s Public Investment Fund.

The Bottom Line

Lucid is finalizing prototyping and homologation for the Cosmos, which features an 800-volt architecture and the Atlas drive unit. Production is expected to commence in late 2027 at the Saudi Arabia facility, marking a significant expansion of the brand's manufacturing footprint and product accessibility.