Will Lucid Group (LCID) Meet Its Year-end Target of Delivering 520 EVs?

Will Lucid Group (LCID) Meet Its Year-end Target of Delivering 520 EVs?

2 years ago
Anonymous $FNmJglWnLu

https://wccftech.com/will-lucid-group-lcid-meet-its-year-end-target-of-delivering-520-evs/

Lucid Group (NASDAQ:LCID) shares are currently trading in a range-bound fashion, awaiting the next bullish catalysts now that the company’s first publicly disclosed earnings are behind us and deliveries of the Air Dream Edition have finally commenced.

As per the latest tally, Lucid Group has around 13,000 confirmed reservations for the Air EV. The company plans to manufacture 520 units in 2021, ramping up its production cadence to 20K units in 2022 and 49K units in 2023. Crucially, 2023 would also see the launch of the Lucid Gravity SUV. Moreover, overseas shipments are also expected to commence next year.