Lucid delivered 3,309 autos within the second quarter, a 6% enhance in gross sales from the earlier interval and a brand new gross sales file for the EV maker.
Lucid also reported it produced 3,863 autos within the second quarter, practically 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 aim 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 concentrate on, Lucid should 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 “workers, household, and pals.”
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 informed Automotive Information in an interview in June. The CEO, who changed Peter Rawlinson earlier this yr, blamed tariff pressures and a give attention to high quality for the gradual begin.
Winterhoff has been fast to quote buyer curiosity within the Gravity, feedback meant to dispel any considerations that there’s a requirement drawback.
Through the firm Q1 earnings name in April, Winterhoff famous the corporate encountered a “modest provide chain bottleneck that has impacted its timeline.” He emphasised on the time that “the extra vital level is that we’re taking the time to get it proper, not simply getting it out.”
He mentioned on the time the availability chain bottlenecks could 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 about to be launched August 5.
It’s additionally unclear if Lucid’s new firm automobile program and gross sales to rental fleets helped enhance its Q2 figures.
Lucid bought the equal of around 300 cars within the first quarter to what it refers to as “rental corporations,” a footnote in its Q1 regulatory submitting revealed. On the time, Nick Twork, a spokesperson for Lucid Motors, informed TechCrunch that regardless of using the time period, the “overwhelming majority” of the autos referred to within the footnote have been bought to leasing corporations and leased again to the automaker as a part of a revamped firm automobile program.