We remain confident in our ability to capture the tremendous opportunities ahead given our technology leadership and strong demand for our cars," Rawlinson added. This reflects the extraordinary supply chain and logistics challenges we've encountered and our unrelenting focus on delivering the highest-quality products. "Looking ahead, we're updating our outlook for 2022 production to a range of 12,000 to 14,000 vehicles.
#LUCID AIR MASS PRODUCTION SOFTWARE#
Additionally, our software over-the-air updates continue to enable an ever-improving ownership experience." We believe that the unique fusion of a dynamic driving experience, interior space and comfort, range, fast charging and performance is simply unparalleled. Lucid Air's 500-plus miles of range has been independently validated under real-world conditions, even at a steady 70mph, replacing range anxiety with range confidence. We're thrilled to have been awarded the 2022 MotorTrend Car of the Year®, and customers are telling us just how much they love this car. "As we continue to put our cars into customers' hands, we are more confident than ever that we're building a quality foundation on which we can scale this business. "We are at the precipice of a global transition toward electric vehicles, and Lucid, with our leading technology and design, is at the forefront of one of the most significant transformations in mobility in generations," said Peter Rawlinson, Lucid's CEO and CTO. Lucid cited supply chain constraints and a continued focus on quality alongside an updated outlook for its 2022 production of Lucid Air to a range of 12,000 to 14,000 vehicles. The Company confirmed its 2.85M square foot expansion of the Casa Grande, Arizona manufacturing facility is on track, and it announced plans to build a new manufacturing facility in the Kingdom of Saudi Arabia.
Lucid has also taken over 25,000 customer reservations as of today, reflecting potential sales of more than $2.4B.
Lucid delivered 125 cars to customers in the fourth quarter, with total production exceeding 400 vehicles to date and over 300 deliveries to customers. The Company's Q4 revenue was $26.4 million, including $21.3 million from initial deliveries of its innovative Lucid Air Dream Edition, which began in October.
#LUCID AIR MASS PRODUCTION FULL#
(NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced financial results for its fourth quarter and full year ending December 31, 2021. NEWARK, Calif., Feb. 28, 2022 /PRNewswire/ - Lucid Group, Inc.
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