Lucid Sales Increase as Gravity Production Ramps Up

Lucid's Q2 Vehicle Deliveries and Production Figures

Lucid Group reported the delivery of 3,309 vehicles during the second quarter, representing a 6% increase in sales compared to the preceding quarter. This figure also establishes a new record for vehicle deliveries for the electric vehicle manufacturer.

Production Numbers Surge

Alongside deliveries, Lucid announced the production of 3,863 vehicles in Q2, an increase of almost 1,000 units from the previous quarter’s output. In the first quarter, 2,212 vehicles were produced, with an additional 600 units shipped to Saudi Arabia for final assembly processes.

Market Performance and Production Goals

These delivery and production statistics demonstrate Lucid’s ability to maintain, and even improve upon, its performance within a challenging EV market. However, a significant gap remains between current output and the company’s annual production target of 20,000 vehicles.

Over the first half of the year, Lucid has manufactured 6,075 vehicles, leaving a shortfall of approximately 14,000 vehicles to be produced to reach the yearly goal.

The Gravity SUV and Production Ramp-Up

Achieving this target is heavily reliant on increasing production of the all-electric Gravity SUV. Production of the Gravity commenced in December 2024, with initial units primarily allocated to employees, their families, and friends.

In recent months, the customer base has begun to broaden to include general consumers. Nevertheless, production has been described as “slower than desired” by CEO Marc Winterhoff, as reported in an interview with Automotive News in June.

Addressing Production Challenges

Winterhoff, who succeeded Peter Rawlinson earlier in the year, attributed the slower start to both tariff pressures and a strong emphasis on maintaining product quality.

The CEO has consistently highlighted strong customer interest in the Gravity SUV, aiming to alleviate any concerns regarding potential demand issues.

Supply Chain Considerations

During the Q1 earnings call in April, Winterhoff acknowledged a “modest supply chain bottleneck” that impacted the production timeline. He stressed the importance of prioritizing quality over speed, stating the company was “taking the time to get it right, not just getting it out.”

Resolving these supply chain issues was anticipated during the second quarter, with plans in place to ensure the fulfillment of 2025 production targets.

Upcoming Earnings Report

Lucid declined to provide specific commentary on the delivery and production results, including a breakdown of sales figures between the Air and Gravity models. Further details are expected to be disclosed in the company’s upcoming earnings report, scheduled for release on August 5.

Sales Channels and Company Car Program

The impact of Lucid’s new company car program and sales to rental fleets on the Q2 results remains unclear.

A Q1 regulatory filing revealed that Lucid sold approximately 300 vehicles to “rental companies.” However, Nick Twork, a Lucid Motors spokesperson, clarified to TechCrunch that the majority of these vehicles were sold to leasing companies and subsequently leased back to the automaker as part of a revised company car initiative.