Lucid delivered 3,309 automobiles within the second quarter, a 6% enhance in gross sales from the earlier interval and a brand new gross sales report for the EV maker.
Lucid additionally reported it produced 3,863 automobiles within the second quarter, almost 1,000 greater than it made within the earlier interval. Lucid produced 2,212 automobiles within the first quarter and shipped one other 600 further automobiles to Saudi Arabia for last meeting.
The supply and accompanying manufacturing figures present Lucid has maintained — and even made some progress — in an in any other case shaky EV market. Nonetheless, there’s nonetheless a substantial hole to fill if the corporate needs to satisfy its annual manufacturing purpose of 20,000 automobiles. Within the first six months of the 12 months, Lucid produced 6,075 automobiles — leaving the corporate with a virtually 14,000-vehicle gap to fill.
To fulfill that focus on, Lucid must ramp manufacturing of its new all-electric Gravity SUV. The corporate kicked off manufacturing of the Gravity in December 2024, most of which was offered to “staff, household, and associates.”
The shopper combine has began to shift extra to the final client in latest months. Nonetheless, manufacturing has been slower-than-desired,” CEO Marc Winterhoff instructed Automotive Information in an interview in June. The CEO, who changed Peter Rawlinson earlier this 12 months, blamed tariff pressures and a give attention to high quality for the sluggish begin.
Winterhoff has been fast to quote buyer curiosity within the Gravity, feedback meant to dispel any considerations that there’s a requirement drawback.
Throughout the firm Q1 earnings name in April, Winterhoff famous the corporate encountered a “modest provide chain bottleneck that has impacted its timeline.” He emphasised on the time that “the extra vital level is that we’re taking the time to get it proper, not simply getting it out.”
He stated on the time the provision chain bottlenecks can be being resolved within the second quarter and made plans to make sure the corporate would meet its manufacturing plans for 2025.
Lucid wouldn’t touch upon the supply and manufacturing outcomes, together with the breakdown between its Air and Gravity fashions. A spokesperson famous Lucid will share extra particulars at its upcoming earnings report, which is about to be launched August 5.
It’s additionally unclear if Lucid’s new firm automotive program and gross sales to rental fleets helped increase its Q2 figures.
Lucid offered the equal of round 300 automobiles within the first quarter to what it refers to as “rental firms,” a footnote in its Q1 regulatory submitting revealed. On the time, Nick Twork, a spokesperson for Lucid Motors, instructed TechCrunch that regardless of using the time period, the “overwhelming majority” of the automobiles referred to within the footnote have been offered to leasing firms and leased again to the automaker as a part of a revamped firm automotive program.
