All new and existing Lucid owners will get
access to SiriusXM's comprehensive audio entertainment offering,
along with a free 3-month trial subscription
Beta version of SiriusXM to launch in Lucid
vehicles soon, with full implementation planned for
2023
NEW
YORK and NEWARK,
Calif., Oct. 31, 2022 /PRNewswire/ -- SiriusXM
(NASDAQ: SIRI) and Lucid Group, Inc. (NASDAQ: LCID) announced today
that SiriusXM's audio entertainment experience will be a standard
in-dash feature across the full lineup of Lucid vehicles. With this
new agreement, SiriusXM will debut in the award-winning luxury
electric vehicles from Lucid, which include the Lucid Air, the
longest-range, fastest-charging electric car on the market.
SiriusXM will be available on the entire Lucid Air vehicle lineup,
including Lucid Air Dream Edition, Air Grand Touring Performance,
Air Grand Touring, Air Touring and Air Pure.
A beta version of SiriusXM will be available soon at no cost to
Lucid owners, who will receive access to hundreds of SiriusXM
channels plus access to podcasts and other on-demand SiriusXM
programming. In 2023, SiriusXM and Lucid expect to deliver the full
SiriusXM implementation to Lucid owners with additional features
that will enhance their in-car audio entertainment experience. Upon
the full launch, all Lucid Air owners will receive a free
three-month trial subscription to SiriusXM.
"Lucid has created an extraordinary lineup of vehicles,
combining exceptional comfort with groundbreaking technology," said
Joe Verbrugge, Chief Commercial
Officer, SiriusXM. "SiriusXM provides an unrivaled audio experience
in the car and we are looking forward to delivering to every Lucid
driver our unique combination of music, entertainment, sports and
more, along with helpful features that make it easier to find the
kind of programming they'll love from across our wide-ranging
content lineup."
"We're thrilled to offer Lucid customers the incredible breadth
and depth of SiriusXM's audio programming with expertly curated
music, entertainment and sports, personalized to fit the vibe of
any length road trip," said Michael
Bell, Lucid's Senior Vice President of Digital. "Our
customers have requested SiriusXM, and in the coming months, all
new and existing Lucid Air owners will receive a beta version of
SiriusXM via an over-the-air software update, making their audio
experience even better."
Designed as a true software-defined vehicle, Lucid Air was
engineered from the start to get better over time with future-ready
hardware so new features can easily be added. The addition of
SiriusXM is just the latest example of how over-the-air software
updates enable Lucid Air customers to enhance their experience and
meet their needs long after they take delivery.
SiriusXM's music channels are expertly curated, ad-free, and
deliver an exceptionally wide array of audio choices for listeners.
Covering every genre across many decades, channels feature popular
tracks and deep cuts from popular artists, as well as introduce
listeners to new and emerging musicians and bands. Artist-branded
channels from Hall of Fame and iconic talent feature original
content that can't be heard anywhere else. SiriusXM's concept-based
channels such as Road Trip Radio and Yacht Rock Radio, or its many
activity and mood-based channels, are designed to deliver a more
personalized music experience that fits the moment.
Lucid owners will have access to SiriusXM's Pandora Stations
feature, which employs Pandora's personalization technology to give
users the ability to create channels based on their favorite
artists, and then customize those channels to play even more of
what they want to hear.
SiriusXM offers the most extensive lineup of professional and
college sports in audio; news from around the country and the world
from many sources and political perspectives; the scoop on the
latest from the world of entertainment; hours of stand-up by the
funniest comics; and more.
SiriusXM will also deliver personalized recommendations to users
based on their listening history so they can easily find the
programming that they like best from across SiriusXM's many
channels.
For more on all that SiriusXM offers
visit SiriusXM.com.
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy
by creating advanced technologies and the most captivating luxury
electric vehicles centered around the human experience. The
company's first car, Lucid Air, is a state-of-the-art luxury
sedan with a California-inspired design that features
luxurious full-size interior space in a mid-size exterior
footprint. Lucid Air Grand Touring features an official EPA
estimated 516 miles of range or 1,050 horsepower. Deliveries
of Lucid Air, which is produced at Lucid's factory
in Casa Grande, Arizona, are
currently underway to U.S. customers.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio
entertainment company in North
America, and the premier programmer and platform for
subscription and digital advertising-supported audio products.
SiriusXM's platforms collectively reach approximately 150 million
listeners, the largest digital audio audience across paid and free
tiers in North America, and
deliver music, talk, news, comedy, entertainment and podcasts.
SiriusXM offers the most extensive lineup of professional and
college sports in audio. Pandora, a subsidiary of SiriusXM, is the
largest ad-supported audio entertainment streaming service in the
U.S. SiriusXM's subsidiaries Stitcher, Simplecast and AdsWizz make
it a leader in podcast hosting, production, distribution, analytics
and monetization. The Company's advertising sales arm, SXM Media,
leverages its scale, cross-platform sales organization, and ad tech
capabilities to deliver results for audio creators and advertisers.
SiriusXM, through Sirius XM Canada Holdings, Inc., also offers
satellite radio and audio entertainment in Canada. In addition to its audio entertainment
businesses, SiriusXM offers connected vehicle services to
automakers. For more about SiriusXM, please go
to: www.siriusxm.com.
SiriusXM:
This communication contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements about future financial and
operating results, our plans, objectives, expectations and
intentions with respect to future operations, products and
services; and other statements identified by words such as "will
likely result," "are expected to," "will continue," "is
anticipated," "estimated," "believe," "intend," "plan,"
"projection," "outlook" or words of similar meaning. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may
differ materially from the results anticipated in these
forward-looking statements.
The following factors, among others, could cause actual
results and the timing of events to differ materially from the
anticipated results or other expectations expressed in the
forward-looking statements: we have been, and may continue to be,
adversely affected by supply chain issues as a result of the global
semiconductor supply shortage; we face substantial competition and
that competition is likely to increase over time; if our efforts to
attract and retain subscribers and listeners, or convert listeners
into subscribers, are not successful, our business will be
adversely affected; we engage in extensive marketing efforts and
the continued effectiveness of those efforts is an important part
of our business; we rely on third parties for the operation of our
business, and the failure of third parties to perform could
adversely affect our business; we may not realize the benefits of
acquisitions and other strategic investments and initiatives; the
ongoing COVID-19 pandemic has introduced significant uncertainty to
our business; a substantial number of our Sirius XM service
subscribers periodically cancel their subscriptions and we cannot
predict how successful we will be at retaining customers; our
ability to profitably attract and retain subscribers to our Sirius
XM service as our marketing efforts reach more price-sensitive
consumers is uncertain; our business depends in part on the auto
industry; failure of our satellites would significantly damage our
business; our Sirius XM service may experience harmful interference
from wireless operations; our Pandora ad-supported business has
suffered a substantial and consistent loss of monthly active users,
which may adversely affect our Pandora business; our failure to
convince advertisers of the benefits of our Pandora ad-supported
service could harm our business; if we are unable to maintain
revenue growth from our advertising products our results of
operations will be adversely affected; changes in mobile operating
systems and browsers may hinder our ability to sell advertising and
market our services; if we fail to accurately predict and play
music, comedy or other content that our Pandora listeners enjoy, we
may fail to retain existing and attract new listeners; privacy and
data security laws and regulations may hinder our ability to market
our services, sell advertising and impose legal liabilities;
consumer protection laws and our failure to comply with them could
damage our business; failure to comply with FCC requirements could
damage our business; if we fail to protect the security of personal
information about our customers, we could be subject to costly
government enforcement actions and private litigation and our
reputation could suffer; interruption or failure of our information
technology and communications systems could impair the delivery of
our service and harm our business; the market for music rights is
changing and is subject to significant uncertainties; our Pandora
services depend upon maintaining complex licenses with copyright
owners, and these licenses contain onerous terms; the rates we must
pay for "mechanical rights" to use musical works on our Pandora
service have increased substantially and these new rates may
adversely affect our business; failure to protect our intellectual
property or actions by third parties to enforce their intellectual
property rights could substantially harm our business and operating
results; some of our services and technologies may use "open
source" software, which may restrict how we use or distribute our
services or require that we release the source code subject to
those licenses; rapid technological and industry changes and new
entrants could adversely impact our services; we have a significant
amount of indebtedness, and our debt contains certain covenants
that restrict our operations; we are a "controlled company" within
the meaning of the NASDAQ listing rules and, as a result, qualify
for, and rely on, exemptions from certain corporate governance
requirements; while we currently pay a quarterly cash dividend to
holders of our common stock, we may change our dividend policy at
any time; our principal stockholder has significant influence,
including over actions requiring stockholder approval, and its
interests may differ from the interests of other holders of our
common stock; if we are unable to attract and retain qualified
personnel, our business could be harmed; our facilities could be
damaged by natural catastrophes or terrorist activities; the
unfavorable outcome of pending or future litigation could have an
adverse impact on our operations and financial condition; we may be
exposed to liabilities that other entertainment service providers
would not customarily be subject to; and our business and prospects
depend on the strength of our brands. Additional factors that could
cause our results to differ materially from those described in the
forward-looking statements can be found in our Annual Report on
Form 10-K for the year ended December 31,
2021, and our Quarterly Report on Form 10-Q for the
quarterly period ended March 31,
2022, which are filed with the Securities and Exchange
Commission (the "SEC") and available at the SEC's Internet site
(http://www.sec.gov). The information set forth herein speaks only
as of the date hereof, and we disclaim any intention or obligation
to update any forward looking statements as a result of
developments occurring after the date of this
communication.
Lucid:
This communication includes "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as "estimate," "plan," "project," "forecast," "intend,"
"will," "shall," "expect," "anticipate," "believe," "seek,"
"target," "continue," "could," "may," "might," "possible,"
"potential," "predict" or other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements include, but
are not limited to, statements regarding plans and expectations
with respect to inclusion of SiriusXM's audio entertainment
experience in Lucid vehicles, related timing and costs, and the
promise of Lucid's technology. These statements are based on
various assumptions, whether or not identified in this
communication, and on the current expectations of Lucid's
management. These forward-looking statements are not intended to
serve as, and must not be relied on by any investor as, a
guarantee, an assurance, or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and may differ from these forward-looking
statements. Many actual events and circumstances are beyond the
control of Lucid. These forward-looking statements are subject to a
number of risks and uncertainties, including those factors
discussed under the heading "Risk Factors" in Part II, Item 1A of
Lucid's Quarterly Report on Form 10-Q for the quarter ended
June 30, 2022, as well as other
documents Lucid has filed or will file with the Securities and
Exchange Commission. If any of these risks materialize or Lucid's
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that Lucid currently does not know or that
Lucid currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Lucid's expectations, plans or forecasts of future events
and views as of the date of this communication. Lucid anticipates
that subsequent events and developments will cause Lucid's
assessments to change. However, while Lucid may elect to update
these forward-looking statements at some point in the future, Lucid
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing Lucid's assessments as of any date subsequent to the
date of this communication. Accordingly, undue reliance should not
be placed upon the forward-looking statements.
Media contacts:
media@lucidmotors.com
communications@siriusxm.com
Trademarks
This communication contains trademarks, service marks, trade names
and copyrights of Lucid Group, Inc. and its subsidiaries and other
companies, which are the property of their respective
owners.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/lucid-and-siriusxm-to-introduce-siriusxm-across-full-vehicle-lineup-301663885.html
SOURCE Lucid Group