A Silicon Valley based firm called Lucid Motors unveiled their high-end electric vehicle prototype dubbed Lucid Air, in Fremont, California, on Wednesday.
The new company hopes to tap into the growing popularity of electric cars and aims to challenge Elon Musk's automaker Tesla for electric vehicle customers.
Lucid Motors claim that their Air prototype electric car has a range of over 400 miles on a single charge and can go from 0 to 60 in 2.5 second. A 100 kilowatt engine will generate up to 1,000 horsepower. Loaded with options, the Lucid Air is expected to hit the market sometime in 2018 at a luxury price point of around $100,000.