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) drives innovation in luxury electric vehicles through advanced engineering and vertical integration. This dedicated news hub provides investors and industry observers with official updates on Lucid's technological advancements, financial performance, and strategic initiatives.
Access timely announcements including quarterly earnings, new model launches, manufacturing expansions, and leadership updates. Our curated collection eliminates market noise by focusing exclusively on verified developments from Lucid's corporate communications.
Key content categories include powertrain innovations, retail network growth, sustainability initiatives, and partnership announcements. Bookmark this page for reliable updates on LCID's progress in redefining electric mobility through clean-sheet engineering and direct-to-consumer strategies.
Lucid Group (NASDAQ: LCID) announced its commitment to sustainable transportation by joining the United Nations Global Compact, a major sustainability initiative with over 21,800 participating companies worldwide. This milestone underscores Lucid's dedication to decarbonizing transportation, as stated by CEO Peter Rawlinson. The company's in-house technology allows the Lucid Air to achieve impressive energy efficiency, contributing to lower carbon emissions and enabling smaller battery packs. By aligning with the UN's principles on human rights, labor, environmental practices, and anti-corruption, Lucid further commits to transparency and sustainability. The Lucid Air, a luxury electric vehicle, is currently being delivered across the U.S., Canada, Europe, and the Middle East, boasting up to 516 miles of range.
Lucid Group, Inc. (NASDAQ: LCID) reported its Q1 2023 production and delivery figures, producing 2,314 vehicles and delivering 1,406 vehicles during the quarter ending March 31, 2023. The company is recognized for its luxury electric vehicle, the Lucid Air, which won the 2023 World Luxury Car Award. A conference call to discuss detailed financial results will take place on May 8, 2023, with shareholders encouraged to submit questions via a new Q&A platform starting April 24, 2023.
Lucid emphasizes its mission to promote sustainable energy through advanced technology and luxury vehicles, boasting an EPA-estimated 516 miles of range for the Lucid Air. The company is expanding its market presence, with deliveries underway in the U.S., Canada, Europe, and the Middle East.
Lucid Group, Inc. (NASDAQ: LCID) has launched the 2023 'Dream Ahead Tour,' allowing consumers across the U.S. to experience and drive the award-winning Lucid Air. The tour kicked off on April 13, 2023, at the Barrett-Jackson Auction in Palm Beach, Florida, and will visit over 40 cities over the next seven months. The Lucid Air, recognized as the World Luxury Car of the Year, features impressive specifications, including the Grand Touring model with 819 horsepower and an EPA-estimated range of 516 miles on a single charge. Additionally, Lucid will establish pop-up Studio locations starting in late April in Houston, Texas, to further engage with potential customers. For more details, visit lucidmotors.com/events.
Lucid Group, Inc. (NASDAQ: LCID) announced the Lucid Air has been named the 2023 World Luxury Car of the Year at the New York International Auto Show. The honor was awarded by a jury of 100 international automotive journalists who evaluated an initial list of 16 vehicles. Peter Rawlinson, CEO, emphasized the Lucid Air's range of over 500 miles made possible by its in-house powertrain technology. Additionally, the Lucid Air received the 2023 Newsweek Disruptor Award for Powertrain and was featured in US News & World Report's list for Best Luxury Electric Car. Deliveries of the Lucid Air are currently ongoing in the U.S., Canada, Europe, and the Middle East.
Lucid Group announced the grand opening of its new Studio in Corte Madera, California, on March 18, 2023. This location marks the 35th Studio and service center in North America and 40 globally. Customers can take advantage of a $7,500 EV credit on select Lucid Air configurations ordered by March 31, 2023, and delivered by April 30, 2023. The Studio aims to offer a luxury experience, showcasing Lucid's cutting-edge technology that supports zero tailpipe emissions. The company is set to expand its retail presence further in North America and beyond.
Lucid Group, Inc. (NASDAQ: LCID) announced its Q4 and full year 2022 financial results, producing 3,493 vehicles in Q4, representing a 53% increase sequentially, and exceeding its annual production guidance with 7,180 vehicles. Q4 revenue reached $257.7 million, contributing to a total annual revenue of $608.2 million. The company ended the quarter with approximately $4.9 billion in liquidity, anticipated to fund operations into Q1 2024. Lucid's reservations exceeded 28,000 vehicles, suggesting potential sales over $2.7 billion. The 2023 production guidance is set between 10,000 to 14,000 vehicles.
Lucid Group (NASDAQ: LCID) has announced a limited-time offer providing customers a $7,500 EV credit on select configurations of the Lucid Air Touring and Air Grand Touring models purchased by
Lucid Group has announced the grand opening of its first retail Studio and service center in Montreal, Quebec, on January 28, 2023, at 10:00 AM ET. This location marks Lucid's 32nd Studio and service center in North America and 36th globally. The studio will offer a comprehensive luxury experience, showcasing the award-winning Lucid Air. Lucid exceeded its 2022 production target with 7,180 vehicles and aims to expand its presence in Canada. The 1,781-square-meter facility will provide sales and service support, promoting electric vehicle adoption.
On January 25, 2023, Lucid Group (NASDAQ: LCID) unveiled a new electric drive unit for motorsports, showcasing its power density of 14.7 hp/kg and regenerative energy recovery capabilities. Weighing only 70.5 pounds, it produces 469 horsepower and features advanced technology similar to that used in the Lucid Air. This drive unit is designed to enhance racecar performance and is already utilized in the leading single-seater electric racing series. Lucid aims to bridge motorsport technology with road car innovations, potentially integrating advancements into future models.
Lucid Group announced that it produced 3,493 vehicles in Q4 2022, marking a 53% increase sequentially, and a total of 7,180 vehicles for the full year, surpassing its guidance of 6,000-7,000 vehicles. The company delivered 1,932 vehicles in Q4 and 4,369 vehicles throughout 2022. Earnings results for Q4 are set to be reported on February 22, 2023. Lucid is enhancing shareholder engagement by partnering with Say Technologies to allow shareholders to submit questions for discussion during the earnings call.
