Automotive

All-electric vehicles make up 15% of Volvo Cars October sales

By Samuel Grom
November 14, 2022

Volvo Cars reports having sold 54,317 cars in October, up 6.9% compared with the same month last year. The company’s line of Recharge models represented 36.8% of the sales last month, with fully electric vehicles accounting for 15% of total sales.

Volvo Cars’ U.S. sales for the month reached 9,478, up 8.9% compared with October last year, with Recharge models making up 26.7% of the total sales. European sales for October reached 22,030 cars, down 0.4% compared to last year. Sales of Recharge cars accounted for 64.9% of the total sales in the region during the month.

China sales increased by 36.7% in October to 15,048 cars compared to the same month last year, with Recharge models amounting to 6.1% of total sales.

Lucid Group reports positive financial outlook in Q3

Lucid’s Q3 report includes info on a new SUV, COO appointment, closing an Aston Martin deal and adjusting 2023 production from 8,000 to 8,500.

By Christian Hinton
November 22, 2023

Lucid Group released financial results for its third quarter ending Sept. 30, 2023. Lucid reported Q3 revenue of $137.8 million on deliveries of 1,457 vehicles and produced 1,550 vehicles. The company is also adjusting its production outlook for 2023 to 8,000–8,500 vehicles to prudently align with deliveries.

"We delivered on our commitments to complete the Lucid Air lineup on time with Pure RWD and Sapphire, transition general assembly to our Phase 2 factory in Arizona, and open our first plant in Saudi Arabia. We recognize we still have work to do on our customer journey and deliveries," Peter Rawlinson, Lucid's CEO & CTO, said.