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Lucid Motors delivered more electron volt in the first quarter of 2024 than it has in any other quarter , though it localise the record by a very svelte border .
The Saudi - backed , California - based electric vehicle companionship said Tuesday forenoon that it shipped 1,967 luxury sedan chair in the quarter . That ’s just a few more than it ship in the fourth quartern of 2022 , when it set its previous record of 1,932 deliveries . The company said it built just 1,728 sedans in the first tail , though , think it will need to boost product in the coming quarters if it intends to meet itsmodest guidanceof clear 9,000 electron volt this yr .
Lucid ’s new bringing record come as the party is struggling to find ordered demand for its pricy luxury saloon , the Air . The company is still month away from starting production on its coming Gravity SUV , so it is banking on discounts , increased merchandising efforts and a more affordable trim of the Air to maintain things until it can ship that new model . In the meantime , it late move around back to Saudi Arabia toraise another $ 1 billionto fund what is otherwise still a money - losing clientele .
Lucid is not alone in its struggles . Rivian also started 2024 on asomewhat bland foot , construction and transport roughly the same numeral of vehicles in the first one-fourth as it did in the final term of 2024 . These companies are trying to base themselves in a rapidly change market , where Tesla has consistentlyslashed pricesand large automakers havescaled backtheir most ambitious plans to release all - galvanising vehicles en masse .
While Lucid position a new high-pitched marking for itself in the first quarter , it did not say how many of the deliveries were of the most - low-priced version of the Air sedan chair , which it started ship of late last year . The company also said last year that it began shipping the first vehicles to Saudi Arabia for final assembly — the first step in a architectural plan to sell as many as 100,000 vehicles to its majority owner . But it has not specified how many Air sedans have made it to the Kingdom to date . The company will only have the power to assemble , at most , 5,000 vehicles in Saudi Arabia until a full production plant comes online in a few years .
