Written by Cláudio Afonso | LinkedIn | X
For the second consecutive month, Lucid Motors set a new record in Germany with 129 premium electric vehicles registered in October, according to data from the country’s Federal Motor Transport Authority (KBA) released on Tuesday.
The company’s October registrations exceeded its entire third-quarter performance, in which the EV maker registered 62 vehicles, nearly half of October’s total.
Cumulatively, Lucid has registered 256 units over the first ten months of the year, representing an increase of over 240% from the same period in 2023.
A total of 35,491 new battery electric vehicles (BEVs) were registered in Germany last month, marking a 4.9% year-over-year decline and representing a market share of 15.3%.
Registrations of hybrid vehicles rose to 85,009 units, a 15.0% increase year-on-year, with plug-in hybrids accounting for 19,337 of those, marking an 18.2% increase. Plug-in hybrids represented 8.3% of the market.
Last month, the EV maker opened a showroom in Hamburg, its fourth in Germany and eighth in Europe, following the Frankfurt showroom’s launch in September. Lucid’s presence in Germany includes stores in Munich and Düsseldorf, opened in May 2022 and September 2023, respectively.
In early October, Lucid entered into a purchase agreement with German rental firm SIXT, making the Lucid Air, available for rental in the country. The model, which includes the Pure, Touring, and Grand Touring variants, is offered at prices starting from €999 per month on a minimum 360-day contract.
The surge in both September and October registrations is expected to be linked to the delivery of Lucid Air sedans under the SIXT agreement. In August, the company had registered just only 13 vehicles in Germany.
In Europe, Lucid is currently operating in Switzerland, Germany, Norway, and the Netherlands.
In the U.S., sales rose 14.1% sequentially in October, reaching 670 units, according to the estimate of the monthly sales shared by Motor Intelligence on Monday.
The company will reports its third quarter earnings results on Thursday, November 7.
Written by Cláudio Afonso | LinkedIn | X
