Written by Cláudio Afonso | LinkedIn | X
Electric vehicle maker Lucid Motors said Monday it produced 1,805 vehicles in the third quarter while delivering 2,781.
As the company continues the expansion of its Saudi Arabia plant, production declined quarter over quarter from 2,110 vehicles to 1,805, a drop of about 14.5 percent.
The company noted that “approximately 8 percent,” which is about 222 units, were “subject to operating lease accounting.”
Deliveries between July and September marked a new record for the California-headquartered manufacturer and nearly doubled from the same period of 2023 when it delivered 1,457 units.
According to MotorIntelligence, the company sold 587 vehicles in the United States in September, down month over month from the 660 recorded in August.
For this year, Lucid aims to produce 9,000 units.
In the Netherlands, the company registered 7 electric vehicles for September, data from the Dutch association BOVAG showed on Tuesday. Year to date, the company has registered 38 vehicles in the Dutch market.
In mid-August, Lucid started selling demo vehicles with hundreds or a dozen of thousands of miles driven with prices starting at $56,998 — about $13,000 below the starting price of the cheaper variant of the Air sedan.
At Morgan Stanley’s 12th Annual Laguna Conference, Lucid’s chief executive reiterated the company’s goal to scale from 9,000 EVs in 2024 to 1 million units in the early 2030s.
Lucid, which is preparing to start deliveries of the second model of Gravity late this year, has recently reaffirmed the annual production guidance of 9,000 vehicles.
With 1,728 vehicles produced in the first quarter and 2,110 vehicles in the second one, the California-based EV maker expects to produce 5,162 vehicles in the second half of the year.
Written by Cláudio Afonso | LinkedIn | X
