Luxury EV maker Lucid confirms it's on track to meet conservative 2022 production targets

Electric luxury conveyance shaper Lucid Group confirmed connected Wednesday that it remains connected way to nutrient betwixt 6,000 and 7,000 vehicles successful 2022, successful enactment with the much blimpish guidance it provided to investors successful August.

Lucid's shares were up astir 3% successful premarket trading pursuing the news.

Lucid said successful a connection that it produced 2,282 vehicles astatine its Arizona mill successful the 3rd quarter. It delivered 1,398 vehicles to customers during the aforesaid period.  

Lucid has doubly chopped its accumulation guidance for 2022. The California-based startup had primitively expected to physique 20,000 of its Air electrical luxury sedans this year. It cut that people to betwixt 12,000 and 14,000 vehicles successful February, saying astatine the clip that planetary proviso concatenation issues had hampered its quality to get basics similar solid and carpet.

Lucid cut its guidance again successful August, to betwixt 6,000 and 7,000 vehicles for the year, citing logistics challenges arsenic good arsenic ongoing proviso concatenation issues. At that time, Lucid said it had astir 37,000 reservations for the Air.  

Lucid volition study its afloat third-quarter results aft the U.S. markets adjacent connected Tuesday, November 8.