Lucid Motors delivered 4,078 EVs in Q3, marking seventh straight year of growth. The company is preparing to enter the Saudi market and is working with Uber on autonomous SUVs.
Lucid Motors Sets New EV Sales Record
Lucid Motors, a premium electric vehicle manufacturer, delivered a record 4,078 vehicles in the third quarter of 2025, marking its seventh straight year of sales growth.
The increase in shipments was driven by the Gravity SUV and demand ahead of the expiration of the federal electric vehicle tax credit in the U.S.
Despite the record, the company, controlled by the sovereign wealth fund of Saudi Arabia (about 60% of the shares), is still lagging behind the ambitious forecasts with which it went public in 2021, attracting $ 4 billion.
EV market is growing: Tesla, Ford and Rivian also showed growth
Lucid Motors is not the only one to see a surge in demand. Tesla recorded its best quarter in history, and Ford and General Motors also reported significant growth in electric vehicle sales.
Rivian, despite a worse forecast for the year, also saw quarterly growth.
Lucid, like Rivian, was able to take advantage of tax incentives available only to customers who lease cars.
Saudi Vector and partnership with Uber
The company is actively strengthening its position in the Saudi Arabian market, where it has already built more than 1,000 cars for local customers. An assembly plant is operating in the country, and Lucid plans to open a full-fledged factory in the near future.
Another important step is a partnership with Uber. In September, Uber announced its intention to purchase 20,000 Gravity SUVs over six years for use as robo-taxis, integrating autonomous driving technologies from Nuro.
From marketing to future production
Lucid Motors continues to struggle for the attention of buyers in the premium segment. Former CEO Peter Rawlinson admitted that the company lacked a marketing strategy.
In 2025, Lucid signed a contract with actor Timothée Chalamet as a global brand ambassador to increase brand recognition and appeal.
The company will announce its full financial results for the third quarter on November 5.
Related: The Future of Electric Cars in America Looks Uncertain — But the Auto Industry Isn’t Giving Up
