RIYADH: Lucid Group, an electric vehicle maker that is mostly owned by Saudi Arabia’s Public Investment Fund, said that deliveries would rise sharply in 2025, hitting 15,841 units, a 55 percent increase from the previous year. The EV producer also gave a positive production projection for 2026, indicating it is confident in its operational turnaround and strategic transition toward autonomy, according to a statement.
The firm launched its first-ever international vehicle factory in the Kingdom in September 2023. The hub is the company’s second Advanced Manufacturing Plant and the first one to be built outside of the US.
The financial report says that the company delivered 5,345 automobiles in the last three months of 2025. This is a 72% increase from the same time last year and the ninth straight quarter of record deliveries.
Marc Winterhoff, the interim CEO, remarked that “2025 was all about execution and strategy adjustment to set Lucid up for long-term success.” We practically increased our output, gained market share, lowered our unit costs, and improved our financial situation, even though the economy was tough.
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