Lucid Motors is making significant strides in its international expansion by preparing to ship its second batch of Gravity electric SUVs to Saudi Arabia.
This development underscores Lucid’s commitment to becoming a global player in the electric vehicle (EV) market.
Following a record delivery of 3,109 vehicles in Q1 2025, marking its fifth consecutive quarter of increasing deliveries, the company is ramping up production despite initial limitations in the region.
With $5.76 Billion in Liquidity, Lucid Motors Prepares to Compete with Tesla
Lucid produced 2,213 vehicles at its Arizona manufacturing plant and has an additional 600 units en route to Saudi Arabia, which will contribute to second-quarter production numbers.
The Kingdom serves as a vital hub for the company, especially after the opening of its first international plant, AMP-2, located in King Abdullah Economic City (KAEC). This facility is aimed at furthering Lucid’s manufacturing capabilities with plans to assemble vehicles entirely on-site, enhancing its annual output by an estimated 150,000 cars.
The Gravity model, Lucid’s first electric SUV, is already available for order, with the Grand Touring variant starting at $94,900 and offering an impressive range of up to 450 miles.
Additionally, a more economical Touring trim is set to launch later this year starting at $79,900. Lucid’s senior vice president, Adrian Price, expressed enthusiasm for the Gravity models on LinkedIn, showcasing their aesthetic appeal as they prepare for shipment.
Looking ahead to 2025, Lucid aims to produce 20,000 vehicles, significantly more than the approximately 9,000 units manufactured in 2024. The company is on track to deliver around 12,500 vehicles this year, which would eclipse 2024’s figures.
With a robust liquidity position of $5.76 billion, Lucid is well-positioned to fund its operations through the second half of 2026, at which point it plans to introduce a highly anticipated midsize platform, designed to compete directly with models from Tesla.