Lucid Motors confirms a late-2024 production start for the Gravity SUV, its second EV to launch, this as the company reports larger-than-expected losses.
Lucid had some good and some bad news for investors when it announced its results for the first quarter of 2024. The bad? The fledgling EV maker posted larger-than-expected losses for Q1 of this year.
“Our sales momentum is building, our focus upon cost remains relentless, and we believe Gravity is on track to become the best SUV in the world,” said Lucid CEO Peter Rawlinson. He confirmed that production of that SUV should begin towards the end of 2024. Lucid hopes to produce 9,000 EVs in 2024. In 2023, it produced 8,428 of them and 6,001 were delivered to customers.
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