Lucid Group Inc. achieved record deliveries in Q4 2024, beating analyst expectations, as it benefited from strong demand for its luxury electric sedan vehicles.
A total of 3,099 vehicles were delivered in the three-month period ended Dec. 31, compared to analysts’ expectations of 2,637 vehicles, a growth of 11% QoQ and 78% YoY, the company said in a statement.
The electric vehicles manufacturer also reported a 42% YoY rise in production, to 3,386 vehicles, beating analyst expectations of 2,904 vehicles.
At the level of 2024, full-year deliveries rose 71% to 10,241 vehicles, while production was up 7% to 9,029 vehicles, beating the company’s target of 9,000 vehicles.
Lucid will host a conference call on Feb. 25 to disclose its fourth-quarter financial results.
Lucid Group Inc. achieved record deliveries in Q4 2024, beating analyst expectations, as it benefited from strong demand for its luxury electric sedan vehicles.
A total of 3,099 vehicles were delivered in the three-month period ended Dec. 31, compared to analysts’ expectations of 2,637 vehicles, a growth of 11% QoQ and 78% YoY, the company said in a statement.
The electric vehicles manufacturer also reported a 42% YoY rise in production, to 3,386 vehicles, beating analyst expectations of 2,904 vehicles.
At the level of 2024, full-year deliveries rose 71% to 10,241 vehicles, while production was up 7% to 9,029 vehicles, beating the company’s target of 9,000 vehicles.
Lucid will host a conference call on Feb. 25 to disclose its fourth-quarter financial results.
