MUNICH — Lucid is exploring promoting its vehicles in China however has no timeline for when it would enter the world’s largest electrical automobile market, a high government instructed CNBC.

The feedback come after Lucid employed Zhu Jiang, a former government at Chinese language electrical automobile start-up Nio.

“Each automobile producer has to look very deeply or has already appeared into China. It is the world’s largest automobile market. It will be seemingly the world’s largest and quickest adopting EV market as we will see,” Eric Bach, chief engineer at Lucid, instructed CNBC in an interview on Tuesday on the IAA auto present in Munich, Germany.

“It is one thing we’re exploring, we’re investing in.”

Bach stated the corporate has quadrupled the manufacturing unit house at its manufacturing unit in Arizona. It is usually within the means of launching an SUV known as Gravity. Subsequently, Bach stated, there’s “stress on the system” so Lucid might want to see how a lot it may possibly tackle proper now.

If Lucid does broaden into China, the U.S. agency shall be getting into probably the most aggressive EV markets on this planet. Lucid will come up in opposition to China’s slew of home gamers from BYD to Nio in addition to U.S. big Tesla.

“We have not cited a market entry date but as a result of we simply have to get it proper,” he added. “For those who enter China on the incorrect phrases, you may make a whole lot of errors,” he added.

Bach stated there’s a group on the bottom in China exploring the viability of getting into the market.

“We have to hone in, how are we going to enter? What is the pricing technique? What is going on to be our manufacturing technique?” ” Bach stated.

“So we’re wanting on the complete gamut of what we ought to be doing as a younger producer, and we’ll get it proper.”

However the firm is now increasing its merchandise into cheaper price classes.

Bach confirmed {that a} mid-sized automobile may very well be unveiled in 2026. He added that the corporate would finally push into the mass-market phase, the place vehicles are priced round $20,000.

However that is going to take a while, Bach acknowledged.

“To construct that economies of scale and the power to attain these worth factors, you might want to have a really robust and succesful provide base that offers you the appropriate pricing,” the chief engineer stated.

“In order that’s the place we’re beginning high down in order that we will construct that belief, earn it, construct networks, construct our logistic techniques — after which additionally get from the mid-size car this scale and the income in the end, to finance the funding in a mass market manufacturing.”