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Lucid Group's Financial Performance Report for Q1 2025

On May 6, 2025, Lucid Group, Inc., recognized as the premier manufacturer of electric vehicles (EVs) globally, shared its financial performance figures for the first quarter ending March 31, 2025. The report revealed notable achievements, including record deliveries, which affirm the company's growing dominance in the EV market.

Key Financial Highlights

• - Production and Deliveries: Lucid produced a total of 2,212 vehicles in the first quarter, excluding over 600 vehicles that were in transit to Saudi Arabia for initial factory gating. Importantly, the company achieved 3,109 vehicle deliveries, reflecting an impressive increase of 58.1% compared to the same period last year.
• - Revenue Growth: The company's revenue for the first quarter reached $235.0 million, showcasing significant growth from prior earnings. This robust performance indicates strong demand for Lucid's innovative vehicles, including the award-winning Lucid Air and the new Lucid Gravity.
• - Financial Position: By the end of Q1, Lucid reported an impressive total liquidity of approximately $5.76 billion, reinforcing its financial stability and capability for future investments and developments.

Leadership Statements

Marc Winterhoff, the Interim CEO of Lucid, expressed optimism about the company's direction, stating, "We continued to build momentum in the first quarter as we achieved yet another delivery record, further strengthened our market position, and executed against our operational priorities." Winterhoff also highlighted the arrival of the Lucid Gravity in customer driveways, indicating solid market reception for the new model.

CFO, Taoufiq Boussaid, emphasized their commitment to maximizing short-term and long-term returns, stating, "We're executing against our near-term goals — driving volume, improving margins, and operating with rigor. Our strategy is aimed at long-term value creation with strong liquidity and breakthrough products that redefine their categories."

The company has forecasted an approximate production target of 20,000 vehicles for 2025, a clear sign of Lucid's ambitious plans for expansion and positioning within the evolving EV landscape.

Upcoming Investor Communication

To discuss these results and provide further insights into the company's strategy and operations, Lucid will host a conference call for analysts and investors on May 6, 2025, at 2:30 PM PT / 5:30 PM ET. This session will be accessible via a web broadcast on the company’s investor relations website at ir.lucidmotors.com.

Company Overview

Founded in Silicon Valley, Lucid Group, Inc. (NASDAQ: LCID) is focused on redefining the electric vehicle market with advanced technologies and luxury performance. Their vehicles are produced in a state-of-the-art factory in Arizona, aiming to set new standards in energy efficiency and design in the EV sector.

Lucid's commitment to innovation, sustainability, and quality is reflected in both its current offerings and forthcoming product lines, ensuring that it remains at the forefront of the electric vehicle revolution.

In summary, Lucid Group’s exceptional first quarter results highlight the company’s growth trajectory and solidify its position as a key player in the electric vehicle market. With strong leadership and strategic direction, Lucid is poised for continued success and innovation in the future.