Lucid increases EV deliveries by 55% in 2025, meets lowered guidance

Core Insights - Lucid Group significantly increased its production and sales in the previous year, with deliveries rising to 15,841 units, marking a 55% increase compared to 2024, and over 70% year-over-year growth in the fourth quarter [1] - The automaker achieved a production target of approximately 18,000 vehicles for 2025, down from an initial expectation of up to 20,000 vehicles, producing 18,378 units last year, including 8,412 EVs in the fourth quarter [2] - The increase in production is largely attributed to the ramp-up of the Gravity SUV, which has faced challenges primarily due to supply chain shortages [2] Industry Challenges - The electric vehicle (EV) industry is facing widespread issues, including rising costs from tariffs and slower sales forecasts, alongside regulatory changes that negatively impact sales and profits, such as the end of federal consumer incentives [3]