Lucid Group Sets 2025 Production Target of 18,000-20,000 Vehicles, Advances Robotaxi Partnership with Uber

Lucid Group reported Q2 2025 earnings, achieving 38% YoY growth in vehicle deliveries to 3,309 units. Interim CEO Marc Winterhoff highlighted progress on operational and strategic fronts, with a target of 18,000-20,000 vehicle production for 2025. The company is also advancing its robotaxi partnership with Uber.

Lucid Group, Inc. (NASDAQ: LCID), the manufacturer of advanced electric vehicles (EVs), reported its financial results for the second quarter of 2025, showing significant growth in vehicle deliveries and strategic advancements.

The company delivered 3,309 vehicles in Q2 2025, marking a 38.2% year-over-year (YoY) increase from the same period in 2024. This growth is particularly notable given the challenging macroeconomic backdrop [1].

Revenue for the quarter stood at $259.4 million, while the company reported a GAAP diluted net loss per share of $(0.28), and a non-GAAP diluted net loss per share of $(0.24). Lucid ended the quarter with approximately $4.86 billion in total liquidity [1].

Interim CEO Marc Winterhoff highlighted the company's progress in operational and strategic fronts. He emphasized the ongoing partnership discussions to develop new revenue streams for the company's EV technology and beyond. The robotaxi partnership with Uber and Nuro, which aims to deploy a minimum of 20,000 Lucid Gravity vehicles equipped with Nuro Driver™ Level 4 autonomy, is a significant milestone in this strategy [1].

The company also expanded the DreamDrive Pro functionality to add Hands-Free Drive Assist and Lane Change Assist, advancing its in-house advanced driver-assistance systems (ADAS) autonomy roadmap. Furthermore, Lucid announced access to over 23,500 Tesla Superchargers in North America for all Lucid Air models, significantly increasing driving range [1].

Lucid Group is also focusing on brand building, with the appointment of Timothée Chalamet as its first global brand ambassador, marking the biggest brand awareness push to date [1].

The production outlook for 2025 has been revised to 18,000-20,000 vehicles from the prior guidance of 20,000 vehicles. The company remains committed to strengthening its balance sheet and maintaining long-term alignment with partners and shareholders [1].

Lucid Group will host a conference call for analysts and investors at 2:30 P.M. PT / 5:30 P.M. ET on August 5, 2025. The live webcast and replay will be available on the company's investor relations website [1].

References:
[1] https://ir.lucidmotors.com/news-releases/news-release-details/lucid-announces-second-quarter-2025-financial-results