LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Lucid’s (LCID) next batch of Gravity electric SUVs is ready to roll out for Saudi Arabia

Robert Frost by Robert Frost
May 7, 2025
in Industries
Lucid’s (LCID) next batch of Gravity electric SUVs is ready to roll out for Saudi Arabia
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Lucid-Gravity-EV-Saudi-Arabia

Lucid’s (LCID) first electric SUV is going global. With output ramping up, Lucid is gearing up for more growth in 2025. The second batch of Lucid Gravity models is now ready to ship out to Saudi Arabia as it expands its overseas footprint.

Lucid preps another Gravity shipment for Saudi Arabia

Lucid delivered 3,109 vehicles in Q1 2025, its fifth straight quarter of record deliveries. This was despite “limited deliveries in Saudi Arabia” due to a system change that has since been resolved.

You might also like

Sends shares Q1 2026 business update and product progress

BP flags ‘exceptional’ oil trading performance as Iran war chokes supply

Why the economy could be spared 2022-style inflation despite high oil prices

Production is also picking up, with 2,213 units made at its Arizona manufacturing plant. Lucid said it had another 600 vehicles in transit to Saudi Arabia, which will be included in Q2 production numbers.

Saudi Arabia is a key overseas hub for Lucid. Last year, Lucid opened its first international manufacturing plant (AMP-2) in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia. In the initial phase, the company ships vehicles from its Casa Grande, Arizona, plant for final assembly at the new AMP-2 facility.

Advertisement – scroll for more content

Lucid plans to eventually fully assemble vehicles at the plant, which will add an additional annual capacity of 150,000 cars.

Lucid-Gravity-electric-SUV
Lucid Gravity electric SUV at a Tesla Supercharger (Source: Lucid Motors)

According to Adrian Price, Lucid’s senior vice president, the second batch of Gravity models is ready to ship to Saudi Arabia.

Price posted on LinkedIn, saying, “Look at these beauties! Our second shipment of Lucid Gravity SUVs is ready to depart our factory in Arizona for Saudi Arabia!”

After reporting first-quarter earnings on Tuesday, Lucid reaffirmed its plans to produce 20,000 vehicles this year, more than double the roughly 9,000 units it made in 2024.

At its current pace, Lucid is on track to deliver around 12,500 vehicles this year, topping the roughly 10,200 it delivered in 2024.

Lucid-Gravity-lease
Lucid Gravity Grand Touring in Aurora Green (Source: Lucid)

Lucid ended the first quarter with about $5.76 billion in liquidity, which it said is enough to fund it through the second half of 2026, when it plans to launch its midsize vehicle. The company confirmed plans to launch production of its midsize platform in late 2026.

Marc Winterhoff, Interim CEO, said on the company’s earnings call that although he loves the Gravity, he thinks “the midsize platform is going to be an even bigger game change.”

Lucid-midsize-EV
Lucid midsize electric SUV teaser image (Source: Lucid)

The first two vehicles based on the platform are expected to be an electric sedan and SUV. Starting at around $50,000, Lucid’s midsize vehicles are expected to rival the Tesla Model 3 and Model Y. Former CEO Peter Rawlinson said the midsize platform will be “finally when we compete directly with Tesla.”

Lucid’s new Gravity electric SUV is available to order. The Grand Touring model starts at $94,900 and has up to 450 miles of range. A Touring trim will launch later this year, with prices starting at $79,900.

FTC: We use income earning auto affiliate links. More.

[ad_2]

Source link

Share30Tweet19
Previous Post

Price predictions 5/7: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

Next Post

Democrats push back against Trump’s growing crypto empire

Robert Frost

Robert Frost

Recommended For You

Sends shares Q1 2026 business update and product progress
Industries

Sends shares Q1 2026 business update and product progress

April 14, 2026
BP flags ‘exceptional’ oil trading performance as Iran war chokes supply
Industries

BP flags ‘exceptional’ oil trading performance as Iran war chokes supply

April 14, 2026
Why the economy could be spared 2022-style inflation despite high oil prices
Industries

Why the economy could be spared 2022-style inflation despite high oil prices

April 14, 2026
Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested
Industries

Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested

April 13, 2026
Next Post
Democrats push back against Trump’s growing crypto empire

Democrats push back against Trump's growing crypto empire

Related News

This tax move is one of the IRS’ ‘best-kept secrets for retirees,’ advisor says

This tax move is one of the IRS’ ‘best-kept secrets for retirees,’ advisor says

October 8, 2025
Tesla’s botched Cybertruck event is good news for Rivian, other EV truck makers

Tesla’s botched Cybertruck event is good news for Rivian, other EV truck makers

December 1, 2023
Tottenham confirm double exit as duo secure Champions League moves

Tottenham confirm double exit as duo secure Champions League moves

September 4, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?