Lucid might not attain its 10,000-unit manufacturing aim for the Air sedan

Lucid Motors set a aim to provide greater than 10,000 of its Air sedans in 2023, although previous manufacturing knowledge paired with new registration knowledge counsel that the automaker might have a tricky time reaching this aim by the tip of the yr.

Experian registration knowledge reported by Automotive Information on Wednesday estimates that Lucid had round 4,267 Air items registered within the first eight months of the yr, with about 478 items delivered in August. In keeping with the information, the August registration determine marks a 40-percent leap yr over yr, whereas the corporate’s registrations from January by August virtually tripled the determine from the identical interval final yr.

Whereas Lucid doesn’t report its month-to-month gross sales figures, registration knowledge is commonly used to estimate deliveries.

Within the first half of the yr, Lucid reported producing 4,487 Air items with 2,810 deliveries of the electrical car (EV), whereas a separate Cox Automotive estimate mentioned that the automaker delivered round 1,601 items throughout the third quarter. The low figures heading into This autumn spotlight continued struggles to ramp up manufacturing of the Air sedan, even after Lucid lower its manufacturing goal earlier within the yr.

In Might, Lucid decreased a earlier manufacturing forecast of 14,000 to “over 10,000,” earlier than happening to report a Q2 internet lack of $764.2 million with $150.9 million in income.

The information comes simply after Lucid launched the Air Sapphire, which is the corporate’s most costly mannequin but at $250,500. Earlier this month, Lucid additionally debuted its Air Pure configuration, which encompasses a single motor and rear-wheel-drive and begins at a worth of $78,975.

By comparability, Tesla reported 365,923 autos produced and 343,830 delivered within the third quarter alone.

Lucid ranked 18th in Experian’s registration knowledge from January to August out of a complete of 27 EV manufacturers included. The startup EV maker adopted Porsche, which had 4,505 Taycan EVs registered, and simply forward of Genesis, which had a complete of three,525 registrations between the G80 sedan and its two different crossover EVs.

Final month, Lucid additionally launched the primary EV manufacturing unit in Saudi Arabia, dubbed the Superior Manufacturing Plant 2 (AMP-2), after deliveries of the Air sedan started within the nation earlier this yr. The Saudi Arabian authorities has additionally agreed to buy 100,000 Lucid EVs to be used in its official fleet. Lucid Motors additionally operates a manufacturing unit in Casa Grande, Arizona, dubbed AMP-1.

Lucid’s Peter Rawlinson is highest paid auto CEO in 2022 with $379 million compensation

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Lucid might not attain its 10,000-unit manufacturing aim for the Air sedan