Lucid Motors interim CEO Marc Winterhoff said the electric vehicle maker will share updates on both its full-year production guidance and the rollout of its mid-size EV platform during its next earnings call on August 5.
Speaking to Bloomberg, Winterhoff declined on Monday to confirm whether Lucid still expects to meet its 2025 production goal of approximately 20,000 vehicles, citing the company’s ongoing quiet period.
“We are in a quiet period right now, so I cannot really talk about it,” he said. “I suggest you tune in, in our earnings call on August 5th.”
Pressed further, he added: “You will definitely hear about it.” On the mid-size platform, he said: “We’re working very hard, but on August 5th, there will be news on that.”
Lucid produced 3,863 vehicles in the second quarter, up 83% year on year, bringing first-half output to 6,675 units. To hit its 20,000-unit annual target, the company would need to manufacture 13,325 vehicles in the second half — roughly double its output so far this year.
Second-quarter deliveries rose 38% year over year to 3,309 vehicles but fell short of analyst expectations of 3,611, according to Visible Alpha.
US deliveries reached 2,635 units, with sales declining in June from the prior month.
The California-based EV maker delivered 2,630 units of its Air sedan between April and June, up 9.9% from a year earlier. However, sales of its second model stood at five units — according to data released on Monday by Cox Automotive.
Winterhoff acknowledged — again — challenges in ramping up Gravity production but said progress was accelerating.
“With the gravity that we are ramping up right now, we’re already expecting to have much higher numbers than we had in the past,” he said. “We have to do quite a lot in order to get to our target for this year, but it’s going well.”
He also addressed Lucid’s strategy shift toward more accessible segments.
“Everybody knows by now that follows Lucid that we are very, very strongly working on our midsize platform, which is a smaller platform also from a price point perspective, more in the round in the $50,000 range and not where we are right now.”
The new platform will underpin three models and is targeted for late next year.
However, he cautioned that scaling up EV production is a long-term process. “In automotive, you cannot just decide, oh, let’s put out a new, cheaper variant next week. It takes years to implement, to plan, to engineer, to validate.”
Winterhoff said that while Lucid is expanding its reach, it remains committed to premium positioning and engineering-first execution.
“That’s sometimes a little not well understood that manufacturing and then building great cars is a long-term game. And you have to build also economics of scale over time. It’s not something that happens from one day to the other.”
In Europe, the brand registered 27 vehicles across Germany, Norway, Switzerland and the Netherlands last month, up 22.7% from a year earlier but down slightly from 28 units in May, according to official national data and the platform EU-EVs.
