NEWARK,
Calif., Oct. 17, 2023 /PRNewswire/ -- Lucid Group,
Inc. (NASDAQ: LCID), setting new standards for luxury electric
experience with the Lucid Air, winner of the 2023 World Luxury Car
Award, today announced production and delivery totals for the
quarter ended September 30, 2023.
Lucid produced 1,550 vehicles during Q3, plus over 700 additional
vehicles in transit to Saudi
Arabia for final assembly. The company delivered 1,457
vehicles during the same period.*
Lucid will host a conference call to discuss its third quarter
2023 financial results on Tuesday, November
7, 2023, at 2:30 pm PT /
5:30 pm ET. Prior to the conference
call, the company will issue an earnings press release with a link
to the live webcast on its investor relations
website, https://ir.lucidmotors.com.
To enhance engagement with the company's shareholder base and
facilitate connections with its investors, Lucid is partnering with
Say Technologies to allow retail and institutional shareholders to
submit and upvote questions, a selection of which will be answered
by Lucid management during the earnings call.
Starting on October 24, 2023, at
2:30 pm PT / 5:30 pm ET, shareholders can submit questions by
visiting: https://app.saytechnologies.com/lucid-group-2023-q3/.
This Q&A platform will remain open until 2:30 pm PT / 5:30 pm
ET on November 6th.
Shareholders can email support@saytechnologies.com for any support
inquiries.
Earnings Call Details:
Date: Tuesday, November 7,
2023
Time: 2:30 pm PT /
5:30 pm ET
Webcast: https://ir.lucidmotors.com (live and replay)
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy
by creating advanced technologies and the most captivating luxury
electric vehicles centered around the human experience. The
company's first car, the Air, is a state-of-the-art luxury sedan
with a California-inspired design.
Lucid Air Grand Touring features an official EPA estimated 516
miles of range. Assembled at Lucid's factories in Casa Grande, Arizona, and King Abdullah
Economic City (KAEC), Saudi
Arabia, deliveries of Lucid Air are currently underway to
customers in the U.S., Canada,
Europe, and the Middle
East. the Middle
Investor Relations Contact
investor@lucidmotors.com
Sign up for investor email alerts:
https://ir.lucidmotors.com/ir-resources/email-alerts
Media Contact
media@lucidmotors.com
Trademarks
This communication contains trademarks, service marks, trade
names and copyrights of Lucid Group, Inc. and its subsidiaries and
other companies, which are the property of their respective
owners.
*Lucid's net income and cash flow results will be announced
along with the rest of its financial performance when Lucid
announces third quarter earnings. Lucid vehicle production
and delivery numbers represent only one measure of the company's
operating performance and should not be relied on as sole
indicators of quarterly financial results, which depend on a
variety of factors.
Forward-Looking Statements
This communication includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"shall," "expect," "anticipate," "believe," "seek," "target,"
"continue," "could," "may," "might," "possible," "potential,"
"predict" or other similar expressions that predict or indicate
future events or trends or that are not statements of historical
matters. These forward-looking statements include, but are not
limited to, statements regarding Lucid's expectations related to
production and delivery volume outlook and Lucid's finalized
production and delivery totals for the quarter ended September 30, 2023. These statements are based on
various assumptions, whether or not identified in this
communication, and on the current expectations of Lucid's
management. These forward-looking statements are not intended to
serve as, and must not be relied on by any investor as, a
guarantee, an assurance, or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and may differ from these forward-looking
statements. Many actual events and circumstances are beyond the
control of Lucid. These forward-looking statements are subject to a
number of risks and uncertainties, including those factors
discussed under the heading "Risk Factors" in Part II, Item 1A of
Lucid's Quarterly Report on Form 10-Q for the quarter ended
June 30, 2023, as well as other
documents Lucid has filed or will file with the Securities and
Exchange Commission. If any of these risks materialize or Lucid's
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that Lucid currently does not know or that
Lucid currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Lucid's expectations, plans or forecasts of future events
and views as of the date of this communication. Lucid anticipates
that subsequent events and developments will cause Lucid's
assessments to change. However, while Lucid may elect to update
these forward-looking statements at some point in the future, Lucid
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing Lucid's assessments as of any date subsequent to the
date of this communication. Accordingly, undue reliance should not
be placed upon the forward-looking statements.
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SOURCE Lucid Group