Lucid Motors reported a narrower net loss and stronger top line for the third quarter of 2025, alongside higher production and deliveries.
The electric vehicle maker posted a net loss of $978.4m for Q3 2025, compared with a loss of $992.5m a year earlier, an improvement of 1.4%.
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Revenue rose to $336.6m from $200m in Q3 2024, an increase of 68.3%.
The company produced 3,891 vehicles in the quarter, up 116% year-on-year, and delivered 4,078 vehicles, a 47% rise.
Lucid said more than 1,000 additional vehicles were built for Saudi Arabia for final assembly.
For the nine months to 30 September 2025, revenue reached $831.1m versus $573.4m in the same period of 2024, up 44.9%. Net loss for the period improved to $1.88bn from $2.31bn.
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By GlobalDataLucid recently outlined plans to integrate Nvidia’s Drive AV platform into its midsize EV range as part of a roadmap toward Level 4 autonomy.
To pursue Level 4 capability, Lucid will adopt Nvidia’s multi-sensor configuration comprising cameras, radar and lidar, and equip its midsize models with two Drive AGX Thor units running the safety assessed DriveOS software.
Lucid interim CEO Marc Winterhoff said: “We maintained strong operational momentum this quarter, delivering solid results in both production and customer deliveries. Our team remains intensely focused on ramping up production and addressing the significant supply chain disruptions impacting the entire industry.
“At the same time, we continue to advance our position in autonomy and intelligent mobility, from our robotaxi partnership to our new collaboration with Nvidia, positioning Lucid to be among the first to bring Level 4 autonomous driving to privately owned passenger vehicles. And as we work toward key milestones in the coming quarters, today’s organizational changes will accelerate innovation, empower decisive action, and ensure Lucid is best positioned for global expansion.”
In September, Lucid Group received a $300m investment from Uber Technologies as part of a collaboration on a next-generation premium global robotaxi programme.
The funding will support development of an autonomous robotaxi platform to be manufactured at Lucid’s Arizona facility and operated exclusively on Uber’s ride-hailing network.
Uber’s plan includes deploying over 20,000 Lucid vehicles within six years, with the service slated to launch in a major US city in 2026.
