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Lucid Group | 8-K: Lucid Announces Second Quarter 2024 Financial Results

Lucid Group | 8-K: Lucid Announces Second Quarter 2024 Financial Results

Lucid Group | 8-K:Lucid 公布 2024 年第二季度财务业绩
美股SEC公告 ·  2024/08/05 15:14

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Lucid Group reported Q2 2024 revenue of $200.6 million, delivering 2,394 vehicles, up 70.5% YoY. The company produced 2,110 vehicles in Q2 and remains on track for annual production target of approximately 9,000 vehicles. The quarter ended with total liquidity of $4.28 billion.The company announced a new $1.5 billion commitment from Public Investment Fund (PIF) affiliate, expected to provide sufficient liquidity into at least Q4 2025. Management highlighted positive sales momentum, benefits from cost optimization programs, and growing excitement for the upcoming Lucid Gravity launch.Lucid achieved a milestone efficiency of 5.0 miles per kilowatt hour, demonstrating its technological leadership. The Q2 financial performance reflects increased Air sales and cost reduction efforts, contributing to the company's journey toward improving gross margin.
Lucid Group reported Q2 2024 revenue of $200.6 million, delivering 2,394 vehicles, up 70.5% YoY. The company produced 2,110 vehicles in Q2 and remains on track for annual production target of approximately 9,000 vehicles. The quarter ended with total liquidity of $4.28 billion.The company announced a new $1.5 billion commitment from Public Investment Fund (PIF) affiliate, expected to provide sufficient liquidity into at least Q4 2025. Management highlighted positive sales momentum, benefits from cost optimization programs, and growing excitement for the upcoming Lucid Gravity launch.Lucid achieved a milestone efficiency of 5.0 miles per kilowatt hour, demonstrating its technological leadership. The Q2 financial performance reflects increased Air sales and cost reduction efforts, contributing to the company's journey toward improving gross margin.
Lucid集团报告2024年第二季度营业收入为20060万美元,交付2394辆汽车,同比增长70.5%。公司在第二季度生产了2110辆汽车,并且仍然按计划实现约9000辆汽车的年产量目标。本季度结束时,总流动性为42.8亿。公司宣布了来自公共投资基金(PIF)附属机构的新承诺,金额为15亿美元,预计将为至少2025年第四季度提供充足的流动性。管理层强调了积极的销售势头、成本优化计划带来的好处以及对即将推出的Lucid Gravity的日益兴奋。Lucid达成了每千瓦时5.0英里的里程碑效率,展示了其技术领导力。第二季度的财务表现反映了Air销量的增加和成本降低的努力,有助于公司在改善毛利率方面的进程。
Lucid集团报告2024年第二季度营业收入为20060万美元,交付2394辆汽车,同比增长70.5%。公司在第二季度生产了2110辆汽车,并且仍然按计划实现约9000辆汽车的年产量目标。本季度结束时,总流动性为42.8亿。公司宣布了来自公共投资基金(PIF)附属机构的新承诺,金额为15亿美元,预计将为至少2025年第四季度提供充足的流动性。管理层强调了积极的销售势头、成本优化计划带来的好处以及对即将推出的Lucid Gravity的日益兴奋。Lucid达成了每千瓦时5.0英里的里程碑效率,展示了其技术领导力。第二季度的财务表现反映了Air销量的增加和成本降低的努力,有助于公司在改善毛利率方面的进程。
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