Lucid Group Inc (NASDAQ:LCID) shares climbed 2.5% on Thursday after the automaker announced that its Air Grand Touring completed the greatest distance recorded in the Automobil-Forbund (NAF) Winter Test in Norway. The luxury electric sedan travelled 520 kilometers (323 miles) during what organizers described as the coldest edition of the NAF Winter Test, with ambient temperatures reaching minus 31 degrees Celsius on snowy roads.
The vehicle completed a route from Oslo to the highlands without stopping to recharge and exceeded the distance logged by the next closest competitor by nearly 100 kilometers. Lucid characterized the outcome as confirmation of the Air Grand Touring’s range capabilities under severe winter conditions.
Lawrence Hamilton, Lucid’s President of Europe, commented on the result, saying it was appropriate to call the Air Grand Touring the "king of range" even in extreme winter weather. The statement highlighted the company’s emphasis on the car’s range performance in challenging climates.
Lucid notes that the Air Grand Touring is powered by its proprietary electric powertrain technology. The model carries a WLTP range rating of up to 960 kilometers and a combined consumption figure of 13.5 kWh/100 km. Performance specifications supplied by the company list maximum power at 611 kW (831 PS) with a top speed of 270 kilometers per hour.
The Lucid Air Grand Touring previously registered a leading distance in the NAF Summer Test, covering 828.6 kilometers, and the company also states that the vehicle holds a GUINNESS WORLD RECORDS title for the longest journey by an electric car on a single charge at 1,205 kilometers.
The NAF Winter Test - also referred to as "El Prix" - assesses electric vehicles’ range and charging speed in Nordic conditions. This year’s winter evaluation included 24 participating vehicles, putting a variety of models through cold-weather performance and charging trials.
Key points
- Lucid Air Grand Touring achieved 520 km in Norway's NAF Winter Test, operating in temperatures down to -31C.
- Shares of Lucid rose 2.5% following the announcement, reflecting a positive market reaction to the test result.
- The NAF Winter Test evaluates range and charging speed under Nordic conditions; 24 vehicles took part this year.
Risks and uncertainties
- Test-specific conditions - Results reflect performance in NAF Winter Test conditions and may not represent performance in all climates or driving scenarios.
- Comparative scope - The event compared 24 vehicles, but broader market comparisons or long-term reliability under varied use were not assessed in the announcement.