Gasgoo News According to Reuters, the United StatesElectric vehicleManufacturer Lucid delivered a 38% year-on-year increase in the second quarter of this year, but fell short of Wall Street’s expectations.
Reuters reported that under the pressure of high interest rates, American consumers are more inclined to choose lower-priced hybrid and gasoline vehicles, and the market demand for Lucid’s high-end electric vehicles has weakened.
Image source:
Lucid official website
According to data released by Lucid on July 2, in the last quarter, the company’sAutomotive production3,863 units, up 83% year-on-year, but still lower than analysts’ expectations of 4,305 units; deliveries were 3,309 units, lower than analysts’ estimates of 3,611 units; In the first half of the year, the company produced 6,075 units and delivered 6,418 units.
US President Donald Trump’s tariff policies have led to higher car prices as manufacturers have had to replan their supply chains and produce domestically in the United States in the face of high raw material costs. In May, Lucid’s interim CEO Marc Winterhoff said the company expects overall costs to rise by 8% to 15% due to the new tariffs.
Earlier this year, many automakers had to cut their annual production targets under threat from U.S. tariff policies, but Lucid is sticking to its 2025 budgetyieldAnticipate. At the time, the company still said it would produce nearly 20,000 vehicles this year, easing investors’ concerns about the state of manufacturing to some extent.
According to Reuters, Lucid’s fate is highly dependent on its newly launched Gravity SUV model and an upcoming midsize sedan. The company hopes to gain more market share by expanding its automotive lineup.
On the same day, electric vehicle maker Tesla also released second-quarter delivery data. The company’s deliveries fell nearly 13.5% year-on-year to 384,122 units in the last quarter due to delays in the launch of more affordable models, controversy over CEO Elon Musk’s political stance and a sharp decline in sales in the U.S. market; Production was 410,244 units, basically unchanged from 410,831 units in the same period last year.