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Lucid Boosts EV Production Plans for 2026
25 Feb
Summary
- Fourth-quarter revenue more than doubled to $522.7 million.
- Lucid delivered 5,345 vehicles in Q4, a 72% increase.
- Company targets 25,000-27,000 vehicle production in 2026.
Lucid Group has announced an optimistic outlook, planning to significantly increase its electric vehicle production and deliveries for 2026. This forward-looking strategy comes after the company reported a substantial rise in its fourth-quarter revenue.
The fourth quarter saw Lucid Group's revenue more than double, reaching $522.7 million, which exceeded analysts' predictions. During the same period, vehicle deliveries saw a 72% year-over-year increase, totaling 5,345 units.
While the company experienced a net loss of $814 million in the fourth quarter, its production numbers indicate growth. Lucid produced 7,874 vehicles in the quarter and nearly doubled its annual output to 17,840 vehicles in 2025.
Looking ahead to 2026, Lucid anticipates producing between 25,000 and 27,000 vehicles. The company's interim CEO highlighted a focus on achieving profitability and eagerly anticipates the introduction of its first midsize vehicles and the commercial deployment of its robotaxis.
