Investor Presentaiton

THIRD QUARTER 2023 EARNINGS RELEASE Third Quarter & Recent Highlights Delivered key milestones as planned in the third quarter: . • • Lucid Air Pure Rear-Wheel Drive start of production in September and in the process of ramping up production: Lucid's most affordable Air with an unprecedented efficiency of 4.74 miles/kWh Lucid Air Sapphire start of production in September: Delivered the first set of cars to customers at a special delivery event in early October AMP-1 Phase 2 opening in September: Transitioned General Assembly to Phase 2 manufacturing factory in Casa Grande, Arizona AMP-2 opening in September: Made history with the opening of the semi knocked- down operation of AMP-2, Saudi Arabia's first-ever car manufacturing factory Recent and upcoming highlights: • • • • Aston Martin: Closed the long-term strategic technology arrangement for the supply of Lucid's state-of-the-art electric vehicle powertrain, battery systems, and software; Aston Martin issued ~28.35M ordinary shares to Lucid and paid the first cash installment of $33.0M NACS charging: Signed agreement to provide Lucid vehicles access to Tesla Supercharger networks in North America and integrate ports in future vehicles Lucid Referral Program: Launched in the US to celebrate our impassioned Lucid owners for their commitment to the brand Lucid Gravity Unveil: Special launch event at the LA Auto Show on November 16; on track for start of production in late 2024 KEY STATISTICS Quarter-to-date as of September 30, 2023 Lucid Air Customer Deliveries Production¹ LUCID 1,457 1,550 Studios / Service Centers² 45 Revenue Total Liquidity Capital Expenditures $137.8M ~$5.45B ~$192.5M 1 Excludes over 700 semi-knocked down vehicles manufactured in Casa Grande, AZ but not counted as production until final assembly in AMP-2 in Saudi Arabia 2 Excludes temporary and satellite service centers LUCID GROUP, INC. 5

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