Lucid Motors reported a 104% increase in electric vehicle production in 2025, building 18,378 units compared with 9,015 in 2024. Fourth-quarter output alone reached 8,412 vehicles, more than the total produced in the first half of the year at its Casa Grande, Arizona facility. This doubling of manufacturing volume demonstrates Lucid’s recovery from early bottlenecks in Gravity SUV assembly and its ability to ramp capacity efficiently over the course of the year.

Deliveries climbed 55% year-over-year to 15,841 vehicles in 2025, up from 10,210 in 2024. The fourth quarter accounted for 5,345 deliveries, a 31% sequential increase. Strong consumer uptake of the lower-priced Gravity SUV was a key driver, helping offset the phase-out of federal tax incentives. These figures modestly outperformed consensus estimates and underscore Lucid’s improving route to profitability as the company approaches scale.

Production ramp challenges for the Gravity SUV in early 2025 led to software glitches and supply-chain delays that frustrated customers. Interim CEO Marc Winterhoff acknowledged lingering software issues in a December customer communication, pledging focused remediation. Lucid has since deployed over‐the‐air updates to address navigation, battery management and in-cabin software stability, and strengthened supplier partnerships to secure critical components for the Gravity line.

Looking ahead, Lucid plans to commence production on its new mid-sized electric platform in 2026, launching a model targeted at approximately $50,000. This vehicle will compete directly with mainstream crossovers such as Tesla’s Model Y and Rivian’s R2. Management projects that the affordable model will materially expand Lucid’s addressable market, aiming to produce 20,000 units in its first full year and narrow the gap with earlier guidance of 135,000 total deliveries in 2025.