RIYADH: Electric vehicle manufacturer Lucid Group, majority-owned by Saudi Arabia’s Public Investment Fund, announced a surge in deliveries in 2025 with volumes reaching 15,841 units, a 55 percent increase year-on-year.
According to a statement, the EV maker also provided an optimistic production outlook for 2026, signaling confidence in its operational turnaround and strategic shift toward autonomy.
In September 2023, the group opened its first-ever international car manufacturing facility in the Kingdom. The hub serves as the company’s second Advanced Manufacturing Plant and its first outside of the US.
According to the earnings report, the company delivered 5,345 vehicles in the fourth quarter of 2025, up 72 percent from the same period in the previous year, marking its eighth consecutive quarter of record deliveries.
Interim CEO Marc Winterhoff said that 2025 “was all about execution and strategy adjustment to set Lucid up for long-term success. Against a challenging macro backdrop, we nearly doubled production, gained market share, reduced unit costs, and strengthened our financial position.”
