Here Come Deliveries: Lucid Motors Has Already Built 74 Pre-Production Vehicles With Production Run for Final Quality Validation Expected To Take Place in June

Lucid Motors, the company behind the ultra-luxury Lucid Air EV, is now entering the home stretch when it comes to formally commencing the deliveries of its electric vehicle. As per the latest Analyst Day presentation filed by Churchill Capital Corp. IV (NYSE:CCIV) with the SEC, Lucid Motors has now built 74 pre-production Lucid Air units. Crucially, the company plans to commence its production run for final quality validation in June. This means that Lucid Motors will likely be able to start delivering the Air EV by July 2021. While the EV manufacturer only plans to deliver a little over 500 vehicles this year, it is ramping up its capacity to target 20,000 deliveries in 2022. By 2026, Lucid Motors expects its annual manufacturing capacity to top 251,000 units.