CTO Peter Rawlinson says production of the Air EV will launch in late 2020.
Buyers of the hot EV should find rapid charging in every state.
Lucid "will demonstrate the full potential of the electric connected vehicle."
PIF could invest more than $1 billion in Lucid Motors.
Watch a handful of Lucid Air prototypes take to the streets.
A Tesla Model S is electronically limited to 155 mph.
Lucid says the Air signals the next generation of EVs.
That money won't get you the 1,000-horsepower version, though.
Development continues for this 1,000-horsepower luxury EV.
The luxury electric sedan is expected to arrive in 2018.