Lucid Group's FY22 Vehicle Production Exceeds Guidance

by Shivani Kumaresan, Benzinga Staff Writer

January 12, 2023 12:56 PM | 1 min read | Make a Comment

Lucid Group Inc LCID said it produced 3,493 vehicles during the fourth-quarter FY22 at its manufacturing facility in Arizona.
The company's Q4 production represents a 53% growth sequentially.
For FY22, the electric vehicle manufacturer produced 7,180 vehicles, exceeding provided guidance range of 6,000-7,000 vehicles.
It delivered 1,932 vehicles in Q4 and 4,369 vehicles in FY22.
Lucid is set to report Q4 financial results on Feb. 22, 2023.
Also Read: Lucid Group Signs Battery Supply Agreement With Panasonic Energy
Price Action: LCID shares are trading higher by 2.84% at $8.15 on the last check Thursday.
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