Lucid Group (LCID) announced another record quarter, with both deliveries and EV production rising in Q3. Despite the growth, it may still not be enough to hit its annual goal for 2025.
Lucid announces Q3 2025 EV deliveries and production
After overcoming the supply chain hurdles that slowed output in the first half of the year, Lucid said that it was on track to “significantly increase production” in the second half of 2025.
Although Lucid reported record delivery and production numbers in Q3, Wall St was looking for even more. Lucid delivered 4,078 vehicles, marking its seventh straight quarter with higher deliveries.
The EV maker produced 3,891 vehicles in the third quarter. That doesn’t include the more than 1,000 vehicles Lucid built that will be shipped to Saudi Arabia for final assembly.
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Lucid’s CEO, Marc Winterhoff, said the company “manufactured close to 5,000 vehicles in the quarter ever, the most ever.”
Winterhoff said the company made “significant progress ramping production of the Lucid Gravity through Q3,” including adding a second manufacturing shift.
Q1 2025
Q2 2025
Q3 2025
Year-to-date
Production
2,212
3,863
3,891
9,966
Deliveries
3,109
3,309
4,078
10,496
Lucid Group (LCID) EV deliveries and production by quarter 2025
Through the first three quarters, Lucid has now produced 9,966 vehicles at its Casa Grande, Arizona, plant. After cutting its production goal for the year from a firm 20,000 to a range of 18,000 to 20,000 earlier this year, Lucid may struggle to meet its target.
Lucid will need to build over 8,000 vehicles in the final three months of 2025, more than double its production in any quarter, just to hit the lower end of its target.
The Lucid Gravity debuts in Europe (Source: Lucid)
The company expects its new Gravity SUV to account for the majority of production and deliveries in the second half of the year, but will it be enough?
According to data compiled by Bloomberg, analysts had expected Lucid’s third-quarter production to be around 5,621 units, far from the 3,891 units it actually reported.
Lucid’s vehicles currently sell in the $70,000 to $80,000 range, but it plans to launch its new midsize platform in late 2026, which will unlock prices closer to $50,000. The platform will wear at least three “top hots,” including a crossover SUV and a more rugged variant. The third has yet to be announced, but is rumoured to be an electric sedan that would rival the Tesla Model 3.
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US President Donald Trump, left, and Doug Burgum, US secretary of the interior, in the Oval Office of the White House in Washington, DC, US, on Monday, Oct. 6, 2025.
Bloomberg | Bloomberg | Getty Images
Shares of U.S.-listed minerals explorer Trilogy Metals jumped as much as 205% in premarket trade on Tuesday, shortly after the White House said it would take a 10% stake in the Canadian company.
The stock was seen trading 183% higher in premarket deals at 9:54 a.m. London time (4:54 a.m. ET).
The White House on Monday announced a partnership with Trilogy Metals as part of a push to unlock domestic supplies of copper and other critical minerals in the Ambler mining district in Alaska.
The partnership included a $35.6 million investment, which makes the U.S. government a 10% shareholder in Trilogy Metals.
Trilogy Metals welcomed Trump’s decision to grant permits to enable the development of critical minerals in Alaska, saying the Ambler mining district is “home to some of the world’s richest known copper-dominant polymetallic deposits.”
The company said in a statement that Trump’s order, which reverses the Biden administration’s rejection of the Ambler Road project, “reflects a renewed federal commitment to responsible resource development in Alaska and highlights the Ambler Road as critical infrastructure under federal policy.”
It added that the move would help to secure domestic supply chains for minerals including copper, cobalt, zinc and lead, highlighting the importance of these resources in energy infrastructure, defense technologies and manufacturing.
On today’s budget-conscious episode of Quick Charge, we’re building up to the reveal of a new, more affordable Tesla Model Y tomorrow that will almost definitely not be a cheap pile of misaligned plastic body parts with inconsistent panel gaps that’s utterly incapable of turning the tide on Tesla’s global decline.
Plus, we’ve got news that Tesla is in hot water with California over its alleged mishandling of its insurance business, revisit the lies told about Cybertrucks drag racing Teslas, and look at the incredible 110% increase in EV sales over at GM that’s driving Cadillac’s renaissance.
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Waev Inc. has just unveiled the GEM eX, a new electric utility vehicle designed to bridge the gap between street-legal low-speed vehicles (LSVs) and true off-road work machines. The company calls it the most versatile electric work UTV yet.
Unlike most golf cart–based UTVs or high-speed recreational rigs, the GEM eX is purpose-built for commercial, industrial, and government fleets that need to move between city streets, job sites, and rough terrain, all while staying emissions-free.
The vehicle features a top speed of 25 mph (40 km/h) and is said to be DOT street-legal as an LSV on roads up to 35 mph (56 km/h), giving it a clear advantage over most off-road-only competitors.
Power is provided by a 6.5 kW motor in a rear-wheel drive setup with a limited-slip rear differential. An 8 kWh battery provides enough juice for a claimed maximum range of 85 miles (137 km).
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The eX comes with several fleet-focused safety and utility upgrades, including 3-point seat belts, roof crush protection, backup camera, mirrors, pedestrian noise emitter, and a robust bumper system. It rolls on street, winter, or all-terrain tires, and the chassis features 9.5 inches (24 cm) of ground clearance, 6.5 inches (16.5 cm) of suspension travel, and a 50-degree approach angle for climbing curbs or crossing uneven work terrain.
Hill-hold assist and single-pedal descent control make it easy to handle on slopes, while a limited-slip differential helps maintain traction without chewing up turf.
In the back, a 1,250 lb (567 kg) composite dump box can fit a full-sized pallet and comes with gas-assist or electric lift options, while towing capacity matches that at 1,250 lb (567 kg). Optional hard doors, roll-down windows, and HVAC with heat and A/C turn it into a true all-weather workhorse.
The lithium iron phosphate battery pack is said to provide a long lifespan for extra durability in extreme climates from –20°F to 140°F (–29°C to 60°C). Charging is flexible via 120V, 240V, or J1772 public stations, and Waev backs the battery with a 7-year warranty – on par with many passenger EVs.
“We field-tested the GEM eX everywhere from Arizona deserts to Minnesota winters,” said Sven Etzelsberger, Waev’s Director of Engineering. “Every piece of customer feedback went back into this vehicle. The result is a work UTV that’s refined, reliable, and ready to go.”
The GEM platform has expanded significantly over the years, from its humble beginnings as a simple people mover to more recent adaptations into everything from ambulances and emergency vehicles to the new GEM eX electric UTV.
Priced at $24,955, the higher purchase price may be one of the few downsides to the quieter, cleaner, and easier to maintain alternative to traditional gasoline-powered UTVs.
Electrek’s Take
Waev’s new GEM eX seems to hit a sweet spot that’s been missing – a street-legal, electric work UTV tough enough for real jobs yet affordable and easy to maintain. For fleet managers juggling both paved and off-road environments, this could be a serious game-changer.
At the same time, there are still more affordable options like those from KANDI that offer more power for a lower price. However, without GEM’s storied brand legacy and increased national support, cheaper options may not have the staying power to compete.
So sure, it’s expensive, but at least I’m glad to see more options coming to the market, especially from brands that have been around for years. Here’s to hoping for more affordable options in the future.
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