Lucid tripled production and doubled deliveries in Q3

Lucid is making steady progress when it comes to its production and delivery numbers. In the first two quarters of this year the production numbers were hovering around 700 units. The third quarter saw a major jump and new record with 2,282 cars manufactured.

The deliveries are improving as well significantly, between July and September Lucid delivered 1,398 cars to the waiting customers. Yes, these aren’t ground-shuttering numbers when compared to Lucid’s competition, but the progress is substantial and it shows the production and delivery ramp-up is working.

The company delivered 2,437 Lucid Air models this year which is lower than the initial forecasts but, taking everything into account, those are really positive numbers. The company claims it will still manage to manufacture between 6,000 and 7,000 vehicles this year.

If Lucid maintains its production level in Q4, it shouldn't have a problem reaching that goal, the company has already produced 3,687 cars this year which leaves another 2,313 to get the minimum 6,000 cars. It is highly likely the company will try to beat its Q3 results in the next quarter and produce and deliver even more vehicles.

Lucid’s results are a great study into how difficult it is to start a car company that aims to deliver a revolutionary product, entirely designed in-house. The design part is probably the easiest of the entire process, the majority of start-ups struggle with scaling up and bringing the product to the market.

There are over 37,000 customers waiting for their Lucid Air and at this speed it’ll be years before they take the delivery. Providing there are no more nasty surprises the supply chain eventually recovers from the lockdown and war delays, Lucid will ramp up its production even further. It has no other choice if it wants to bring its planned SUV - the Lucid Gravity - to the market in reasonable time.

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