Lucid's second-quarter production and sales data released: sales surge but still faces challenges

US electric vehicle startup Lucid recently announced its second-quarter production and delivery data. Although Lucid's sales increased significantly year-over-year in the second quarter of this year, they were slightly down compared with the previous quarter, according to the latest data. To date, Lucid has produced 2,173 vehicles, an increase of 204% year-on-year. Lucid Automotive delivered 1,404 vehicles in the second quarter, a year-over-year increase of 107%. Lucid's shipments are down compared to last year's first quarter and even last year's fourth quarter.

As far as the editor knows, Lucid has always had inventory problems, coupled with the challenge of declining production and sales. Judging from the second quarter data, Lucid's new inventory is approximately 769 vehicles. Although it is less than before, its total inventory in the past six quarters has reached 4,500 vehicles. To date, Lucid has delivered 7,304 electric vehicles, while its production total exceeds 11,700 units. It's unclear whether the difference is the result of waiting lead times or a backlog of inventory.

It is worth mentioning that although Lucid is working hard to improve its performance, its competitors in the luxury brand electric vehicle market, such as Mercedes-Benz and BMW, are declining in electric vehicle sales. are growing faster than expected. In the second quarter, these competitors saw significant growth in EV sales. After Lucid announced its production and sales data, the market reacted to it, with its stock price falling sharply by more than 11% that day.

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