Lucid Group Inc
NASDAQ:LCID
Lucid Group Inc
Revenue
Lucid Group Inc
Revenue Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Revenue | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Lucid Group Inc
NASDAQ:LCID
|
Revenue
$807.8m
|
CAGR 3-Years
210%
|
CAGR 5-Years
181%
|
CAGR 10-Years
N/A
|
|
|
General Motors Co
NYSE:GM
|
Revenue
$187.4B
|
CAGR 3-Years
14%
|
CAGR 5-Years
6%
|
CAGR 10-Years
2%
|
|
|
Thor Industries Inc
NYSE:THO
|
Revenue
$9.5B
|
CAGR 3-Years
-14%
|
CAGR 5-Years
1%
|
CAGR 10-Years
9%
|
|
|
Ford Motor Co
NYSE:F
|
Revenue
$185B
|
CAGR 3-Years
11%
|
CAGR 5-Years
3%
|
CAGR 10-Years
3%
|
|
|
Rivian Automotive Inc
NASDAQ:RIVN
|
Revenue
$5B
|
CAGR 3-Years
349%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Tesla Inc
NASDAQ:TSLA
|
Revenue
$97.7B
|
CAGR 3-Years
22%
|
CAGR 5-Years
32%
|
CAGR 10-Years
41%
|
|
Lucid Group Inc
Revenue Breakdown
Breakdown by Geography
Lucid Group Inc
|
Total Revenue:
807.8m
USD
|
|
North America:
598m
USD
|
|
United States:
587.3m
USD
|
|
Middle East:
194.1m
USD
|
Breakdown by Segments
Lucid Group Inc
|
Total Revenue:
807.8m
USD
|
|
Reportable Segment:
807.8m
USD
|
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 Revenue?
Revenue
807.8m
USD
Based on the financial report for Dec 31, 2024, Lucid Group Inc's Revenue amounts to 807.8m USD.
What is Lucid Group Inc's Revenue growth rate?
Revenue CAGR 5Y
181%
Over the last year, the Revenue growth was 36%. The average annual Revenue growth rates for Lucid Group Inc have been 210% over the past three years , 181% over the past five years .
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