Lucid reports Q4 and full-year 2025 production and delivery results

Lucid Group reports Q4 and full-year 2025 production and delivery results and confirms the date of its earnings call. Read the full update.

Lucid Group is closing 2025 at a point where it is becoming increasingly difficult to view the company as a niche player. Its latest production and delivery figures signal a pace of expansion that is drawing closer attention from across the electric vehicle industry.

Over the full year, Lucid produced 18,378 vehicles, more than double its output from the previous year. Deliveries reached 15,841 units. While these volumes remain far below those of the largest EV manufacturers, the rate of growth suggests a company steadily building scale rather than standing still.

The fourth quarter was particularly telling. Lucid built 8,412 vehicles, its highest quarterly production level of 2025, while deliveries climbed to 5,345 vehicles. The persistent gap between production and deliveries continues to underline operational challenges, but it also reflects a manufacturing footprint that is expanding faster than demand in certain markets.

Against this backdrop, Lucid is increasingly being mentioned alongside some of the industry’s best-known names. The company is not positioned to rival Tesla on volume today, yet its rising production capacity, expanding model lineup and growing international manufacturing presence point to a future in which competition in the premium EV segment could intensify.

Lucid has emphasized that production and delivery figures tell only part of the story. The company’s financial performance, including profitability and cash flow, will be detailed later and will be crucial in determining whether rapid operational growth can translate into long-term sustainability.

The full fourth-quarter financial results are scheduled for release on February 24, 2026. That report may serve as a defining moment, offering clearer insight into whether Lucid’s momentum marks the early stages of a challenger emerging—or simply another step in the demanding evolution of an ambitious EV manufacturer.