Lucid continues to grow as its lineup enters a new chapter.
Lucid Motors has been one of the most captivating innovators in the realm of luxury electric vehicles, showcasing driving range that pushes the limits of what electric vehicles are capable of, and with vehicles like the Lucid Air Sapphire, showcasing incredible performance engineering with immense power. Recently, Lucid Motors launched the Gravity, its first SUV and its second model, and the new model is showcasing the same EV innovation, performance, and range, but this time with the added practicality of an SUV body style.
For the first quarter of 2025, Lucid Motors is continuing to demonstrate success and growth, expanding its relatively young brand with record deliveries and international expansion. During the quarter, Lucid Motors produced a total of 2,212 vehicles, a number that excludes more than 600 Lucid EVs in transit to Saudi Arabia for factory gating. In addition, the company delivered 3,109 vehicles during the quarter, a number that represents yet another delivery record, and an increase of 58.1 percent compared to Q1 2024.
The quarter saw $235 million in revenue for Lucid Motors, and the company’s interim CEO, Marc Winterhoff, says that Lucid Motors is “well positioned for future success.” Meanwhile, the CFO, Taoufiq Boussaid, expressed satisfaction with the company’s improving margins and rigorous operations. With the launch of the new Lucid Gravity, the young EV manufacturer is ready to open a new chapter of success.
