A Lucid Air electrical car is displayed at a shopping center in Scottsdale, Arizona, U.S., Sept. 27, 2021.
Hyunjoo Jin | Reuters
Lucid Group considerably elevated its manufacturing and gross sales final yr because it continues to ramp up manufacturing of its new Gravity SUV.
The all-electric car producer on Monday stated its deliveries final yr elevated to fifteen,841 items, up 55% in contrast with 2024, together with a greater than 70% year-over-year enhance in the course of the fourth quarter.
The automaker additionally achieved a beforehand lowered manufacturing goal of roughly 18,000 automobiles in 2025, down from an preliminary expectation of as a lot as 20,000 automobiles. It produced 18,378 items final yr, together with 8,412 EVs in the course of the fourth quarter.
A lot of that enhance is probably going because of a chronic ramp-up of its Gravity SUV, which has confronted a slew of challenges, primarily provide chain shortages, the corporate has stated.
Along with Lucid’s personal challenges, EV producers face industrywide points reminiscent of rising prices due to tariffs and slower forecast gross sales of EVs, in addition to regulatory modifications which can be negatively impacting gross sales and earnings, together with the tip of shopper federal incentives.
Lucid’s outcomes come days after EV rival Rivian posted an 18% decline in deliveries final yr in comparison with 2024, as the corporate prepares for brand new merchandise this yr. U.S. EV chief Tesla final week reported its second consecutive annual gross sales decline globally.
