"Lucid Motors reported record fourth-quarter and full-year production numbers on Monday, indicating solid growth amid a tough environment for electric vehicles. Lucid produced 8,412 vehicles in Q4, a 116% jump over Q3. It delivered 5,345 EVs during that period, a 31% increase over Q3. That's despite the end of U.S. EV tax credits in September, which sent America's electric car sales sinking."
"In part, that's because production of the Gravity has gotten off to a slow start. In August, Interim CEO Marc Winterhoff said the company is 'not where we want to be' when it came to Gravity production. He called out supply chain hiccups like the export ban of permanent-magnet motors from China, but said he expected production to accelerate through the end of the year."
"While Lucid remains a small player in the EV space overall, that strong growthespecially toward the end of the yearcould mean that Lucid has made headway on the manufacturing bottlenecks that initially stunted output of the new Gravity SUV. Lucid doesn't break out its numbers between the Air sedan and Gravity, so that's not clear yet. Photo by: Mack Hogan/InsideEVs Lucid met its revised annual production goal of around 18,000 cars, but fell short of the 20,000-unit target it set early in 2025."
Lucid produced 18,378 vehicles in 2025, just over double the 9,029 units produced in 2024. The company manufactured 8,412 vehicles in Q4, a 116% increase over Q3, and delivered 5,345 EVs in Q4, a 31% increase over Q3. Full-year deliveries totaled 15,841 vehicles. Production and deliveries expanded even after the U.S. EV tax credit ended in September and electric car sales declined nationally. Manufacturing bottlenecks slowed production of the Gravity SUV, and Lucid did not break out production between the Air sedan and Gravity. Supply chain issues included an export ban of permanent-magnet motors from China. Lucid met a revised annual production goal of around 18,000 cars but missed an earlier 20,000-unit target.
Read at insideevs.com
Unable to calculate read time
Collection
[
|
...
]