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Lucid Group’s FY22 Vehicle Production Exceeds Guidance

Lucid Group Inc (NASDAQ:LCID) said it produced 3,493 vehicles during the fourth-quarter FY22 at its manufacturing facility in Arizona. The…
byShivani Kumaresan
January 12, 2023
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  • Lucid Group Inc (NASDAQ:LCID) said it produced 3,493 vehicles during the fourth-quarter FY22 at its manufacturing facility in Arizona.
  • The company’s Q4 production represents a 53% growth sequentially.
  • For FY22, the electric vehicle manufacturer produced 7,180 vehicles, exceeding provided guidance range of 6,000-7,000 vehicles.
  • It delivered 1,932 vehicles in Q4 and 4,369 vehicles in FY22.
  • Lucid is set to report Q4 financial results on Feb. 22, 2023.
  • Also Read: Lucid Group Signs Battery Supply Agreement With Panasonic Energy
  • Price Action: LCID shares are trading higher by 2.84% at $8.15 on the last check Thursday.
  • Photo Via Company
 
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