Lucid Group names first retail partner in the Netherlands

Lucid Group (NASDAQ: LCID) has named Munsterhuis Autobedrijven as its first retail partner in the Netherlands, according to a company press release.

Munsterhuis will operate a dedicated Lucid sales location in Hengelo, along with authorized aftersales and service operations at the same site. The partnership adds to Lucid's existing Studio and Service Center in Hilversum.

The arrangement will make the Lucid Air sedan and Lucid Gravity SUV available through Munsterhuis, a family-owned automotive group with more than 60 years of experience in vehicle sales, servicing, leasing, and insurance across the Netherlands.

"Our partnership with Munsterhuis represents yet another milestone for Lucid's European expansion," said Lawrence Hamilton, President of Europe at Lucid. "The Netherlands is a key market with a strong appetite for innovative and sustainable mobility."

"The arrival of Lucid represents an exciting new chapter for Munsterhuis," said Jochen Munsterhuis, Director at Munsterhuis. "We are proud to have Lucid with us and look forward to welcoming our first Lucid customers."

The deal follows a similar retail partnership Lucid announced earlier this year with German retailer Wackenhut, continuing what the company describes as a hybrid retail strategy in Europe.

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