Lucid Group Inc
NASDAQ:LCID
Lucid Group Inc
Accounts Payable
Lucid Group Inc
Accounts Payable Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Accounts Payable | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Lucid Group Inc
NASDAQ:LCID
|
Accounts Payable
$133.8m
|
CAGR 3-Years
48%
|
CAGR 5-Years
60%
|
CAGR 10-Years
N/A
|
|
|
General Motors Co
NYSE:GM
|
Accounts Payable
$25.7B
|
CAGR 3-Years
8%
|
CAGR 5-Years
4%
|
CAGR 10-Years
1%
|
|
|
Thor Industries Inc
NYSE:THO
|
Accounts Payable
$698.7m
|
CAGR 3-Years
-11%
|
CAGR 5-Years
3%
|
CAGR 10-Years
15%
|
|
|
Ford Motor Co
NYSE:F
|
Accounts Payable
$24.1B
|
CAGR 3-Years
3%
|
CAGR 5-Years
3%
|
CAGR 10-Years
2%
|
|
|
Rivian Automotive Inc
NASDAQ:RIVN
|
Accounts Payable
$499m
|
CAGR 3-Years
1%
|
CAGR 5-Years
79%
|
CAGR 10-Years
N/A
|
|
|
Tesla Inc
NASDAQ:TSLA
|
Accounts Payable
$12.5B
|
CAGR 3-Years
8%
|
CAGR 5-Years
27%
|
CAGR 10-Years
32%
|
|
Lucid Group Inc
Glance View
Lucid Group Inc. is carving a niche within the burgeoning electric vehicle (EV) market by focusing on luxury and performance. Founded with a vision to redefine the luxury electric experience, the company has developed its flagship sedan, the Lucid Air, which has received praise for its impressive range, elegant aesthetics, and cutting-edge technology. The core of Lucid's operation revolves around its vertically integrated model, meaning it controls most aspects of production, from design to manufacturing, under one roof. This control allows Lucid to ensure high quality and efficiency, key factors as it positions itself as a premium alternative to industry giants like Tesla. The company's strategy emphasizes innovation, evident in its advanced battery technology and powertrain systems, which contribute not only to the vehicle's superior performance but also to its sustainability credentials. Lucid generates its revenue primarily through the direct sale of its vehicles, and has expanded its offerings with different trims and customization options to cater to a diverse market. Unlike some traditional automakers that rely heavily on dealerships, Lucid takes a direct-to-consumer approach, similar to the model popularized by Tesla. This allows for a more personalized customer experience and greater control over the sales process. In addition, the company is expanding its network of showrooms and service centers to reinforce customer engagement and support. Lucid is also tapping into additional revenue streams through potential future offerings in energy storage solutions and other emerging tech-driven services, leveraging its core technological competencies. As the EV landscape continues to evolve, Lucid Group Inc. aims to accelerate its growth by broadening its product lineup and scaling its production capabilities to meet increasing global demand.
See Also
What is Lucid Group Inc's Accounts Payable?
Accounts Payable
133.8m
USD
Based on the financial report for Dec 31, 2024, Lucid Group Inc's Accounts Payable amounts to 133.8m USD.
What is Lucid Group Inc's Accounts Payable growth rate?
Accounts Payable CAGR 5Y
60%
Over the last year, the Accounts Payable growth was 23%. The average annual Accounts Payable growth rates for Lucid Group Inc have been 48% over the past three years , 60% over the past five years .
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