#CCIV CONFERENCE CALL FULL#

The Company confirmed its 2.85M square foot expansion of the Casa Grande, Arizona manufacturing facility is on track, and it announced plans to build a new manufacturing facility in the Kingdom of Saudi Arabia. Lucid has also taken over 25,000 customer reservations as of today, reflecting potential sales of more than $2.4B. Lucid delivered 125 cars to customers in the fourth quarter, with total production exceeding 400 vehicles to date and over 300 deliveries to customers. The Company’s Q4 revenue was $26.4 million, including $21.3 million from initial deliveries of its innovative Lucid Air Dream Edition, which began in October.

#CCIV CONFERENCE CALL FULL#

(NASDAQ: LCID), setting new standards with the longest range, fastest charging electric car on the market, today announced financial results for its fourth quarter and full year ending December 31, 2021.

2.85 million square foot expansion of Casa Grande, Arizona manufacturing facility on track announced plans for new manufacturing facility in the Kingdom of Saudi Arabia.Selected to the Nasdaq-100 Index in December, issued $2B in green convertible bonds, and bolstered balance sheet to over $6.2B cash on hand at year-end.Updating 2022 production outlook for Lucid Air to a range of 12,000 to 14,000 vehicles.Production exceeds 400 vehicles as of February 28, 2022, with 125 customer deliveries as of year-end 2021 and over 300 deliveries to date.Inaugural customer deliveries of the 2022 MotorTrend Car of the Year®, the Lucid Air, are underway, starting with the sold-out Dream Edition.Customer reservations now exceed 25,000, reflecting potential sales of more than $2.4B.

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