Home Automotive Lucid (LCID) 2022 EV production exceeds expectations

Lucid (LCID) 2022 EV production exceeds expectations

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At 1,050 horsepower, the new Grand Touring Performance Edition will be the most powerful version of Lucid’s electric air sedan.

Lucid Motors

electric luxury car manufacturers lucid group said it produced just over 7,100 vehicles in 2022, slightly higher than expected. The company told investors in August that he expects to produce 6,000 to 7,000 cars for the full year.

In a statement, Lucid said its Arizona plant built 3,493 vehicles in the fourth quarter and delivered 1,932 vehicles, boosting total production for the full year to 7,180 vehicles. Lucid’s fourth quarter production total was third quarterproduced 2,282 air sedans and delivered 1,398 units.

Lucid warned in November that delivery totals for the next few quarters would fall behind production as it grappled with logistics challenges. The company said he will deliver a total of 4,369 vehicles in 2022.

Lucid’s 2022 production exceeded guidance, but that guidance was significantly reduced from the company’s original annual plan. Lucid originally planned to build 20,000 of his Air electric luxury sedans in 2022, but that goal he has been forced to lower twice. Disruption in global supply chainsand again in August, when it quoted them Logistics challenges.

Lucid did not provide an update on the total number of bookings.

Lucid Latest booking update As of November 7, Air had “more than 34,000 reservations,” he said. Lucid said in his April that the Saudi government Agree to purchase up to 100,000 vehicles Over the next 10 years. These vehicles are not included in your booking total.

Lucid will report fourth quarter and full year results on February 22nd.

Correction: Lucid produced more vehicles than expected in 2022. A previous headline incorrectly stated the company’s latest news.

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