Welcome to our dedicated page for Lucid Group news (Ticker: LCID), a resource for investors and traders seeking the latest updates and insights on Lucid Group stock.
Lucid Group, Inc. (NASDAQ: LCID) is a Silicon Valley-based electric vehicle manufacturer known for the Lucid Air sedan and Lucid Gravity SUV. This news page aggregates company announcements, press releases and third-party coverage related to Lucid’s operations, products, partnerships and capital markets activity, giving readers a focused view of developments that may influence perceptions of the LCID stock and its underlying business.
News about Lucid frequently highlights product milestones and recognition for its vehicles. Recent announcements include the Lucid Air and Lucid Gravity being named to Car and Driver’s 10Best lists, as well as the launch of the Lucid Gravity Touring trim, which extends the Gravity SUV lineup. The company also issues updates on new programs such as Lucid Recharged, its certified pre-owned vehicle offering that expands access to its EVs through inspected and reconditioned used vehicles with additional warranty coverage.
Investors and followers of LCID can also expect coverage of Lucid’s financial and capital structure events. The company regularly reports quarterly production and delivery totals and schedules earnings calls to discuss financial results. It has announced convertible senior note offerings and related transactions, including repurchases of existing notes and prepaid forward arrangements involving an affiliate of the Public Investment Fund. These items appear in both press releases and Form 8-K filings and are often summarized in financial news.
Another important category of Lucid news involves partnerships and technology initiatives. The company has unveiled a robotaxi program with Nuro and Uber that uses vehicles based on the Lucid Gravity platform, equipped with level 4 autonomous technology and a next-generation sensor array. Updates on autonomous testing, in-cabin rider experience and deployment plans are likely to feature prominently in future coverage. Conference appearances by Lucid executives at events hosted with organizations such as Nasdaq, Morgan Stanley and UBS also generate news about the company’s strategic priorities and outlook.
By following this LCID news feed, readers can review a chronological record of Lucid’s product announcements, financial disclosures, mobility partnerships and governance actions. This context can help observers understand how the company’s technology, manufacturing footprint and capital markets decisions evolve over time.
Lucid Group (NASDAQ: LCID) has announced the appointment of Taoufiq Boussaid as Chief Financial Officer, effective February 25, 2025. Current Interim CFO Gagan Dhingra will be promoted to Senior Vice President, Finance and Accounting, maintaining his role as Chief Accounting Officer and reporting to Boussaid.
Boussaid, 53, brings significant public company finance experience, most recently serving as Group CFO of N.V. Bekaert S.A. from July 2019 to October 2024. His previous roles include leadership positions at Bombardier Transportation and United Technologies CEO Peter Rawlinson highlighted that Boussaid's appointment comes at a important time as the company ramps up production of the Lucid Gravity SUV and prepares for the launch of its midsize vehicles.
Lucid Group (NASDAQ: LCID) has revealed details about its Lucid Gravity SUV's powertrain and charging capabilities. The vehicle features a 450-mile EPA range and 400 kW fast charging capability. Starting January 31st, 2025, Gravity will have access to Tesla's Supercharger network across the US and Canada without requiring an adapter.
The SUV employs a 926V powertrain platform with a 123 kWh battery and features innovative charging technology that enables charging speeds up to 400 kW, adding 200 miles in under 12 minutes. The vehicle includes bi-directional charging supporting up to 80 A at 19.2 kW and features RangeXchange capability for charging other EVs.
Lucid Gravity, which began deliveries in December 2024, will be available in two models: the Touring model starting at $79,900 (late 2025) and the Grand Touring from $94,900. The company also announced plans to extend Tesla Supercharger network access to Lucid Air in Q2 2025.
Lucid Group (NASDAQ: LCID) has announced Canadian pricing for its new Lucid Gravity SUV. The Touring model will start at $113,500 CDN, while the Grand Touring model will be priced from $134,500 CDN. The Grand Touring version offers 828 horsepower and a projected range exceeding 720 kilometers.
The vehicle features nearly 3,400 litres of total cargo space, including a frunk with an optional seat for two adults when parked. Powered by in-house electric motors and a 123kWh battery pack, the Gravity accommodates up to seven adults. Orders for the Grand Touring model will open soon, with the Touring model becoming available in late 2025. The vehicle includes an optional three-chamber air suspension system for adaptive handling across different terrains.
Lucid Group (NASDAQ: LCID) and Panasonic Energy announced that the new Lucid Gravity SUV will be powered by Panasonic's latest-generation lithium-ion EV battery cells. The Gravity Grand Touring model features an EPA-estimated range of 450 miles with a battery pack 40% smaller than competitors, offering 828 horsepower and 0-60 acceleration in under 3.5 seconds.
The vehicle utilizes Panasonic's 2170 cylindrical cells with an industry-leading energy density above 800Wh/L. The Gravity Grand Touring, starting at $94,900, began production in December 2024, while the Touring model, priced at $79,900, is planned for late 2025. The SUV provides up to 120 cubic feet of cargo space and can accommodate seven adults.
Panasonic Energy has supplied approximately 15 billion lithium-ion EV batteries globally by December 2023, powering 3 million EVs without any battery-related recalls.
Lucid Group (NASDAQ: LCID) has released its Q4 2024 production and delivery figures. The company produced 3,386 vehicles and delivered 3,099 vehicles in Q4, with approximately 7% subject to operating lease accounting. For the full year 2024, Lucid produced 9,029 vehicles and delivered 10,241 vehicles, with about 5% under operating lease accounting.
The company will discuss its Q4 2024 financial results in a conference call scheduled for February 25, 2025, at 2:30 pm PT. Lucid is partnering with Say Technologies to facilitate shareholder engagement, allowing investors to submit and upvote questions between February 11 and February 23, 2025, which management will address during the earnings call.
Lucid Group (NASDAQ: LCID), an electric vehicle manufacturer, has announced its participation in the Nasdaq 51st Investor Conference in London. The company will engage in a fireside chat session on Wednesday, December 11, 2024, at 7:00 am PT / 3:00 pm GMT.
The event, organized in collaboration with Morgan Stanley, will be accessible through a live webcast on Lucid's investor relations website. Investors and interested parties can access the replay of the presentation for 90 days after the live event through the company's IR website at ir.lucidmotors.com.
Lucid Group (NASDAQ: LCID) announced its Q3 2024 financial results, reporting revenue of $200.0 million from the delivery of 2,781 vehicles, a 90.9% increase over Q3 2023. The company produced 1,805 vehicles in Q3 and is on track to manufacture approximately 9,000 vehicles in 2024. Lucid ended the quarter with $5.16 billion in total liquidity and completed a capital raise of approximately $1.75 billion in October 2024. GAAP net loss per share was $(0.41), while non-GAAP net loss per share was $(0.28). CEO Peter Rawlinson highlighted their third consecutive quarter of record deliveries and the opening of the order book for the Lucid Gravity SUV, which is set to begin production this year. Interim CFO Gagan Dhingra noted improved gross margin performance and cost reduction efforts.
Lucid Motors has launched configurations and orders for its new Lucid Gravity SUV. The Grand Touring model starts at $94,900 with production scheduled for late 2024, while the Touring version will start at $79,900 with production in late 2025. The Grand Touring features dual electric motors delivering 828 horsepower and over 440 miles of projected range. The vehicle offers seating for up to seven adults and up to 120 cubic feet of cargo capacity. Available with multiple customization options including six exterior colors, various wheel designs, and five interior themes, the Gravity comes with three levels of DreamDrive™ advanced driver assistance system and optional packages for enhanced handling, technology, and towing capability up to 6,000 pounds.
Lucid Group announced that orders for its new electric SUV, the Lucid Gravity, will open on November 7, 2024. The Grand Touring trim, starting at $94,900, will feature over 800 horsepower and a projected range exceeding 440 miles, with production scheduled for late 2024. The Touring trim, starting at $79,900, is planned for late 2025 production.
The vehicle offers space for up to seven adults and 120 cubic feet of total cargo space. Current Lucid owners will receive priority delivery. The SUV features in-house electric motors and an optional three-chamber air suspension system. U.S. customers can configure and order directly through Lucid's website.
Lucid Group (NASDAQ: LCID) announced that its Lucid Air models have received the highest possible five-star overall safety rating from the National Highway Traffic Safety Administration's (NHTSA) New Car Assessment Program for 2025. The Lucid Air Pure, Touring, Grand Touring, and Sapphire models achieved maximum five-star scores across all testing categories: frontal crash, side crash, and rollover testing. The vehicle's safety features are enhanced by its high-strength, lightweight aluminum construction and innovative battery pack design that contributes to the car's structural integrity.