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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads
BYDDF 11.95-0.9%3:41 PM EST

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From: Sultan11/7/2023 9:17:22 PM
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Lucid Announces Third Quarter 2023 Financial Results

  • Lucid reported Q3 revenue of $137.8 million driven by customer deliveries of 1,457 vehicles in the quarter

  • Production of the Lucid Air Pure RWD began in September and is in the process of ramping up; production of the Lucid Air Sapphire also began in September, thus completing the Lucid Air lineup

  • General assembly production shifted to Phase 2 of Lucid's factory in Arizona; Lucid opened its first manufacturing plant in Saudi Arabia

  • Lucid closed the Aston Martin transaction and commenced the strategic technology arrangement

  • Lucid appoints Marc Winterhoff as its first-ever Chief Operating Officer, overseeing daily operations and execution across global manufacturing, supply chain, sales and service, marketing, and international markets

  • Lucid Gravity, the company's all new luxury electric SUV, will be unveiled on November 16 at the LA Auto Show; start of production remains on track for late 2024

  • Production outlook for 2023 is revised to 8,000 – 8,500 vehicles from prior guidance of more than 10,000 to prudently align with deliveries

  • finance.yahoo.com
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