Lucid Group, maker of advanced electric vehicles, delivered 15,841 vehicles in 2025, up 55% compared to full year 2024. Lucid, which is majority-owned by Saudi Arabia’s Public Investment Fund, said the production nearly doubled year over year and is in-line with 2025 annual production guidance of approximately 18,000 vehicles despite supply chain and tariff headwinds, the company said.
Lucid also announced its 2026 annual production guidance of 25,000 – 27,000 vehicles and plans to continue to prudently manage and adjust production to meet sales and delivery needs.
Lucid reported fourth quarter revenue of $522.7 million and annual revenue of $1,353.8 million, ending the quarter with approximately $4.6 billion in total liquidity.
The company, which assembles vehicles in its state-of-the-art, vertically integrated factories in Arizona and Saudi Arabia, said it plans deployment of the first Lucid robotaxis into commercial service with its partners.
“2025 was all about execution and strategy adjustment to set Lucid up for long-term success. Against a challenging macro backdrop, we nearly doubled production, gained market share, reduced unit costs, and strengthened our financial position,” said Marc Winterhoff, Interim CEO at Lucid. “We advanced and launched our autonomy strategy, leveraging our industry‑leading technology and strong partnerships to position Lucid as an early mover in the emerging robotaxi market and to deliver differentiated autonomy capabilities to our customers in a capital‑efficient way. In 2026, our focus remains on operational and financial discipline, sustainable growth, and continued progress toward profitability, while we look forward to the production of the first of our Midsize vehicles and the deployment of the first Lucid robotaxis into commercial service with our partners.”
“Q4 marked a clear step‑change in production and unit economics. The progress we made is structural, creating a more repeatable and stable operating cadence heading into 2026,” said Taoufiq Boussaid, CFO at Lucid. “Our liquidity position remains strong, providing us with the flexibility to execute near-term objectives while investing in future growth. As we prepare for the next stage of our product and volume expansion, we are making targeted adjustments to our US-based, non-manufacturing workforce to reallocate resources to support the next stage of our growth and margin progression. We remain committed to financial rigor, operational efficiency, and thoughtful capital allocation to drive long-term value creation.” - TradeArabia News Service
