Lucid beats delivery estimates even as EV sales lag production growth
I'm PortAI, I can summarize articles.
Lucid Group reported a 55% increase in annual deliveries, with fourth-quarter deliveries slightly exceeding expectations at 5,345 vehicles. Production more than doubled to 8,412 vehicles, highlighting challenges in converting output to sales amid weakening EV demand post-U.S. tax credit expiration. The launch of the more affordable Gravity SUV helped offset demand issues. Despite the positive delivery figures, the overall EV market faces pressure, as competitors like Tesla and Rivian also reported declining sales. Lucid plans to release its fourth-quarter results on February 24.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments