Lucid Group, Inc. Overview
Pro stress-test →Lucid Group, Inc., founded in December 2007 and headquartered in Newark, CA, is an American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company produces luxury electric vehicles including the Lucid Air sedan produced at its factory in Casa Grande, Arizona since September 2021, and its second model, the Lucid Gravity SUV, which started production in December 2024.
Strategic Profile
Pro stress-test →The Public Investment Fund, Saudi Arabia's sovereign wealth fund, has been the majority shareholder since April 2019, providing substantial capital support. The company announced an Investor Day on March 12, 2026, where senior leadership will present on the core technology platform for upcoming midsize vehicle programs, software stack advancements, and autonomy strategy, signaling diversification beyond current luxury models.
Competitive Landscape
Pro stress-test →2026 guidance targets 25,000–27,000 vehicles with Gravity SUV leading the product mix and midsize platform ramping late in the year. Lucid competes in the luxury EV segment against Tesla's premium offerings and traditional luxury automakers transitioning to electric. The company also supplies powertrain technology to partners like Aston Martin, creating additional revenue diversification.
Industry Context
Lucid Group, Inc. operates in Automotive - Electric Vehicles (Luxury Segment).
Key facts
Founded: 2007 · Headquarters: Newark, US · Employees: 9,000 (as of March 2, 2026) · Revenue: $1,353.8M for 2025 · Market cap: $3.28B