Lucid Motor delivered more than 10k EVs in 2024

Lucid Motor has surpassed its past year’s performance and delivered more than 10K electric vehicles (EVs) through 2024, achieving new milestones on a year-over-year basis.

The latest results show that the company has produced 3,386 vehicles and delivered 3,099 vehicles through the fourth quarter of 2024. Among these, approximately 7 percent were subject to operating lease accounting.

Compared to this, the EV maker produced 1,805 vehicles and delivered 2,781 vehicles in the third quarter of 2024. It means Lucid has achieved 11.43 percent growth in delivery and 87.59 percent quarter-over-quarter growth in production.

Lucid Air (Source – Lucid)

YoY Progress

In Q4 last year, Lucid sold 1,734 vehicles in Q4 2024 and produced 2,391 vehicles. It has produced 8,423 vehicles and delivered 6,001 total vehicles in 2023.

In terms of delivery, the company has achieved a 70.64 percent year-over-year growth rate for delivery in 2024. On the other hand, production saw an increase of 7.19 percent compared to last year.

In 2024, Lucid also released the Gravity mid-size electric SUV and started its delivery to initial customers.

Earning Call

Lucid will host an earnings call on February 25, 2025, at 2:30 pm PT/5:30 pm ET to discuss the fourth quarter 2024 financial results.

(source)