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PIF-backed EV maker Lucid hits 16k 2025 deliveries, sets sights on robotaxi deployment
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.
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cnbc.com
Lucid widely misses earnings expectations, forecasts continued EV growth in 2026
For 2026, Lucid announced a vehicle production target of between 25,000 and 27,000 units, which would be a roughly 40% to 51% increase compared with last year.
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arabnews.com
PIF-backed EV maker Lucid hits 16k 2025 deliveries, sets sights on robotaxi deployment
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…