Lucid Deliveries Surpass Estimates
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lucrative SUV sectorReuters
•Lucid beats estimates for EV deliveries as price cuts, cheaper financing spur demand
79% Informative
Lucid Group reported record fourth-quarter deliveries surpassing Wall Street expectations.
Saudi Arabia -backed automaker benefited from strong demand for luxury electric sedans.
Lucid has lowered prices and offered cheaper financing to woo customers away from cheaper hybrid vehicles.
Production rose 42% year-over-year to 3,386 vehicles in the reported quarter .
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