Lucid delivered 3,309 autos within the second quarter, a 6% improve in gross sales from the earlier interval and a brand new gross sales report for the EV maker.
Lucid also reported it produced 3,863 autos within the second quarter, almost 1,000 greater than it made within the earlier interval. Lucid produced 2,212 autos within the first quarter and shipped one other 600 extra autos to Saudi Arabia for ultimate 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. Nevertheless, there’s nonetheless a substantial hole to fill if the corporate desires to satisfy its annual manufacturing objective of 20,000 autos. Within the first six months of the yr, Lucid produced 6,075 autos — leaving the corporate with an almost 14,000-vehicle gap to fill.
To satisfy 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 bought to “employees, family, and friends.”
The shopper combine has began to shift extra to the final client in latest months. Nevertheless, 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 yr, blamed tariff pressures and a concentrate on 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 downside.
In the course of the firm Q1 earnings name in April, Winterhoff famous the corporate encountered a “modest supply chain bottleneck that has impacted its timeline.” He emphasised on the time that “the more important point is that we’re taking the time to get it right, not just getting it out.”
He stated on the time the availability 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 ready 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 bought the equal of round 300 vehicles within the first quarter to what it refers to as “rental companies,” 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 “vast majority” of the autos referred to within the footnote had been bought to leasing firms and leased again to the automaker as a part of a revamped firm automotive program.
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