With 1,050 horsepower, the brand new Grand Touring Efficiency version turns into probably the most highly effective model of Lucid’s electrical Air sedan.
Lucid Motors
Electrical luxurious automobile maker Lucid Group stated it produced simply over 7,100 autos in 2022, barely greater than anticipated. The corporate instructed traders in August to count on manufacturing of between 6,000 and seven,000 autos for the complete 12 months.
Shares of the corporate gained practically 5% Thursday following the information.
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Lucid stated in an announcement that it produced 3,493 autos at its Arizona manufacturing unit within the fourth quarter and delivered 1,932, bumping its complete manufacturing to 7,180 for the complete 12 months. Lucid’s fourth-quarter manufacturing complete was up 53% from the third quarter, when it produced 2,282 Air sedans and delivered 1,398.
Lucid warned in November that its supply totals had been more likely to lag its manufacturing for the following few quarters because it labored by means of logistics challenges. The corporate delivered a complete of 4,369 autos in 2022.
Lucid’s 2022 manufacturing beat its steering, however that steering was a lot diminished from the corporate’s authentic plan for the 12 months. Lucid had initially anticipated to construct 20,000 of its Air electrical luxurious sedans in 2022, however it was compelled to decrease that focus on twice – as soon as in February amid global supply chain disruptions, and once more in August, when it cited these logistics challenges.
Lucid did not present an replace on its complete variety of reservations.
Lucid’s most recent reservations update was as of Nov. 7, when it stated it had “over 34,000” reservations for the Air. Lucid stated in April that Saudi Arabia’s authorities had agreed to buy up to 100,000 of its vehicles over the following 10 years; these autos aren’t included in its reservation totals.
Lucid will report its fourth-quarter and full-year monetary outcomes on Feb. 22.
Correction: Lucid produced extra autos than anticipated in 2022. An earlier headline misstated the corporate’s information replace.
