Lucid Group plans to start full-scale EV manufacturing in Saudi Arabia in 2026, targeting 150,000 vehicles a year by 2029.
Lucid is an electric vehicle (EV) start-up trying to break into the highly competitive auto sector. The company has award-winning technology, but its vehicle production rate is too low to be profitable.
Lucid Group (LCID) concluded the recent trading session at $10.94, signifying a -2.84% move from its prior day's close.
LCID hit record 2025 deliveries and ramped Gravity SUV output, but cash burn and margins still cloud the outlook.
LCID stock trades at a discount after a 63% drop over the past year, with Gravity SUV gains offset by cash burn and weak margins.
Lucid partners with Uber and Nuro to debut a luxury robotaxi at CES, with testing underway and a 2026 launch in sight.
In the latest trading session, Lucid Group (LCID) closed at $11, marking a -5.17% move from the previous day.
Lucid Group Inc (NASDAQ:LCID), Uber Technologies Inc (NYSE:UBER, XETRA:UT8) and Nuro have unveiled a new premium electric robotaxi at the Consumer Electronics Show (CES) 2026, and announced the start of autonomous on-road testing in the San Francisco Bay Area. The vehicle, based on Lucid's all-electric Gravity SUV, is designed to carry up to six passengers and features an Uber-designed in-cabin experience with interactive screens, climate and seat controls, music, and options to contact support or request stops.
Lucid Motors built twice as many electric vehicles in 2025 as it did in the prior year, a sign that the company has bounced back from early production struggles with its new Gravity SUV.
Lucid Group significantly increased its production and sales last year, as it continues to ramp up production of its new Gravity SUV. The all-electric vehicle manufacturer on Monday said its deliveries last year increased to 15,841 units, up 55% compared to 2024.
2025 was yet another challenging year for Lucid Group, with the EV maker reporting substantial losses and experiencing a further sharp decline in its share price. Although the company has ambitious plans for 2026, these may not necessarily translate into a stock comeback.
Last year was not a good one to be an electric vehicle (EV) company in the United States.