Lucid Group, Inc. LCID, an EV producer, has reported its manufacturing and supply figures for the quarter ending March 31, 2025. The corporate produced 2,212 automobiles at its Casa Grande, AZ, plant within the first quarter, up 28% from the corresponding quarter of 2024. Moreover, 600 automobiles have been in transit to Saudi Arabia for last meeting at Lucid’s new AMP-2 plant, its first manufacturing facility outdoors america. Lucid delivered 3,109 automobiles within the quarter, up 58% yr over yr, surpassing its earlier report of three,099 within the fourth quarter of 2024.
The Lucid Air, recognized for its industry-leading vary, has contributed to 6 consecutive quarters of rising deliveries. The posh EV, priced between $70,000 and $250,000, presents a variety of as much as 512 miles on a full cost.
At this price, the corporate is on monitor to exceed final yr’s whole deliveries of roughly 10,200 and anticipates the determine to be round 12,500 for 2025. Additional development is anticipated as buyer deliveries of Lucid’s first electrical SUV are set to start quickly.
Per Lucid’s interim CEO Marc Winterhoff, it’s near finishing the manufacturing of automobiles designated for showrooms and take a look at drives. By the top of April, buyer deliveries of the Gravity SUV will resume. The primary models have been delivered in December, however solely to staff, family and friends.
Lucid describes the Gravity as a no-compromise SUV, boasting a variety of as much as 450 miles, 120 cubic ft of inside house, cutting-edge expertise and sports activities car-like efficiency. The Gravity Grand Touring begins at $94,900, whereas the Touring mannequin, set to launch later this yr, can be priced at $79,900.
The brand new supply report follows a big enhance in orders from former Tesla house owners. Per Winterhoff, 50% of Lucid’s present orders come from prospects who beforehand owned Tesla and are looking for an alternate.
LCID’s Zacks Rank & Key Picks
Lucid carries a Zacks Rank #3 (Maintain) at current.
Some better-ranked shares within the auto house are China Yuchai Worldwide Restricted CYD, Aptiv PLC APTV and Strattec Safety Company STRT, every sporting a Zacks Rank #1 (Robust Purchase) at current. You may see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CYD’s 2025 gross sales and earnings signifies year-over-year development of 9.17% and 36.84%, respectively. EPS estimates for 2025 have improved 25 cents prior to now 60 days.
The Zacks Consensus Estimate for APTV’s 2025 gross sales and earnings implies year-over-year development of 0.67% and 16.93%, respectively. EPS estimates for 2025 and 2026 have improved 13 cents and 28 cents, respectively, prior to now 30 days.
The Zacks Consensus Estimate for STRT’s 2025 gross sales signifies year-over-year development of two.61%. EPS estimates for 2025 and 2026 have improved 91 cents and $1.06, respectively, prior to now 60 days.
7 Finest Shares for the Subsequent 30 Days
Simply launched: Specialists distill 7 elite shares from the present record of 220 Zacks Rank #1 Robust Buys. They deem these tickers “Most Doubtless for Early Value Pops.”
Since 1988, the total record has overwhelmed the market greater than 2X over with a median acquire of +23.9% per yr. So remember to give these hand picked 7 your rapid consideration.
Strattec Security Corporation (STRT) : Free Stock Analysis Report
Aptiv PLC (APTV) : Free Stock Analysis Report
China Yuchai International Limited (CYD) : Free Stock Analysis Report
Lucid Group, Inc. (LCID) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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