Lucid Group, Inc. (LCID), a prominent luxury electric vehicle manufacturer, announced its production and delivery figures for the quarter ending September 30, 2024, on Monday.
In this quarter, Lucid successfully manufactured 1,805 vehicles and delivered 2,781 units. Notably, around 8% of these deliveries were accounted for under operating lease agreements.
Lucid Group, Inc., a technology-driven enterprise, is engaged in the design, engineering, manufacturing, and sale of electric vehicles, powertrains, and battery systems. The company also develops proprietary in-house software specifically for its vehicles.
Utilizing a direct-to-consumer model, Lucid sells its vehicles through a retail sales network and direct online channels, including Lucid Financial Services. Established in 2007, Lucid Group is headquartered in Newark, California, and operates as a subsidiary of Ayar Third Investment Company.
