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Tuesday, February 4, 2025

Lucid (LCID) EV gross sales climb 50% in Jan after Gravity SUV launch


After launching its first electrical SUV in December, Lucid’s (LCID) US gross sales climbed 51% final month from a yr in the past. In response to a brand new report, Lucid offered 50 Gravity fashions in its first month available on the market.

Lucid Gravity boosts EV gross sales increased in January 2025

After 4 straight quarters of annual gross sales progress within the US final yr, Lucid seems to be to be off to a robust begin in 2025. In response to gross sales knowledge from Motor Intelligence launched on Monday, Lucid offered 665 automobiles final month, up 51% from January 2023.

The information reveals 615 Lucid Air sedans had been offered, whereas the brand new Gravity electrical SUV contributed one other 50 in gross sales. Lucid delivered the primary Gravity fashions in December 2024.

Though Lucid’s gross sales had been up from final yr, they had been nonetheless decrease than the file 780 automobiles offered in December.

Like most automakers, Lucid’s gross sales fell sequentially because of typical seasonal traits. Ford, Hyundai, Honda, Kia, and others reported increased YOY EV gross sales in January this week, however they had been additionally decrease than in December.

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Lucid Gravity Grand Touring in Aurora Inexperienced (Supply: Lucid)

Lucid confirmed that Gravity drivers can now formally cost up at Tesla Superchargers. The Gravity was the primary non-Tesla offered with a local NACS port.

Powered by a brand new 926V powertrain, the Gravity can obtain charging speeds of as much as 400 kW. At peak charges, Lucid stated the electrical SUV can maintain “a sturdy charging curve,” claiming it may possibly add 200 miles vary in lower than 12 minutes.

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Lucid Gravity electrical SUV at a Tesla Supercharger (Supply: Lucid Motors)

With a 123 kWh battery and Lucid’s superior powertrain tech, the Gravity has an EPA-estimated vary of 450 miles.

The Lucid Gravity Grand Touring trim is on the market to order, beginning at $94,900. Later this yr, Lucid will launch the lower-priced Touring mannequin, which can begin at $79,900.

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Lucid Gravity SUV (left) and Air (proper) (Supply: Lucid)

Lucid Air house owners will even be capable to cost up at Tesla’s Supercharging community quickly. The corporate stated it expects Air house owners will acquire entry in Q2 2025.

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Lucid (LCID) inventory chart February 2024 by way of February 2025 (Supply: TradingView)

Lucid’s inventory is up over 45% after hitting a brand new low of beneath $2.00 per share in December. Nonetheless, LCID shares are nonetheless down 10% over the previous 12 months and over 95% from their all-time excessive in 2021.

Electrek’s Take

Can Lucid sustain the momentum in 2025? Including the Gravity into the combo is anticipated to assist increase gross sales this yr, particularly with the extra reasonably priced Touring trim coming quickly.

The Gravity will compete with different luxurious electrical SUVs like Rivian’s R1S and Tesla Mannequin X. It’s going to additionally rival the incoming Hyundai IONIQ 9 and Volvo EX90 three-row electrical SUVs.

Though Tesla doesn’t launch month-to-month US gross sales numbers, Electrek reported yesterday that the EV chief’s gross sales dropped by double-digits in California final yr, its first annual gross sales drop.

Will Lucid and others slender the hole with Tesla this yr? Tell us what you suppose within the feedback beneath.

Supply: Motor Intelligence

FTC: We use earnings incomes auto affiliate hyperlinks. Extra.

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