Lucid
Overview
Lucid Motors is an American luxury electric vehicle manufacturer that designs and builds high-performance EVs with industry-leading efficiency and range. The company's proprietary powertrain technology, developed in-house, enables its flagship sedan, the Lucid Air, to achieve record-breaking ranges and power density, positioning the brand as a top-tier specialist in the global EV market.
Ownership
- Founded
- 2007
- Headquarters
- Newark, California, USA
- Ownership
- Publicly Listed
History
Lucid Motors was founded in 2007 as Atieva by Bernard Tse and Sam Weng, focusing initially on developing high-performance battery technology and electric powertrains for other manufacturers and the Formula E racing circuit. The company's trajectory changed significantly in 2013 when Peter Rawlinson, the former Chief Engineer of the Tesla Model S, joined as CTO and steered the firm toward developing its own premium electric vehicle. Rebranding as Lucid Motors in 2016, the…
Annual Report
2025 — Lucid
Vehicles Produced
17,840
Revenue
$1,353.8m
Net Profit / Loss
-$2,713.9m loss
R&D Expenditure
$1,176.5m
Employee Headcount
9,000
Capital Expenditure
$868m
Global Market Share
0.02%
Key Highlights
- Nearly doubled year-over-year vehicle production, reaching a revised total of 17,840 units for the full year 2025.
- Reported annual revenue of $1,353.8 million, representing a 68% increase compared to the previous fiscal year.
- Achieved an eighth consecutive quarter of record deliveries, with 15,841 vehicles reaching customers in 2025.
- Successfully ramped production of the Lucid Gravity SUV and announced strategic autonomy partnerships, including a robotaxi initiative with Uber.
- Maintained a strong liquidity position of approximately $4.6 billion at year-end, supported by credit facilities from Saudi Arabia's Public Investment Fund (PIF).
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