and Interim you, CFO. utilize can continuity. you internal of our moment that as Gagan give congratulate maintain to to to to also example on a Gagan him experienced special talent great an seamless promotion his also I want his I'd for incredible of is like his to to for the at in Taoufiq. Officer. addition believe continued the we Thank work a finance Dhingra organization take Finance I Lucid's thank as Taoufiq's set and success up Lucid. in Vice and your forward expanded to Lucid. Accounting Accounting, role as promotion our Gagan's priorities contributions look We continued to Principal President addition strategic Senior accelerating role
the quarters Now charging, a technology, market, gross margin incredible and miles significant XXXX working market year-over-year balance in in kilowatt range, the of turning We Lucid lead We achieving most at for capital on year hour. EV improvements an deliveries, per and business. X X as to record producing the leader our SUVs first the ourselves established fastest longest Lucid. sedans preeminent our our delivered sheet. efficient strengthened was saw consecutive Gravity
work These our I very testament our strategic hard think say it's are to ratio say-do fair PIF. the good. accomplishments the of to a partners team, the was that partner, Lucid support the and our and chain supply
grateful continued support. for their all We are
for In Now in Lucid third this XX,XXX, to numbers. But XXXX, in In best-selling produced we was the the vehicles to put because in were when of the momentum doesn't its including EV you. best-selling the context we according a #X X,XXX with the and the me segment gas-powered year. gained a vehicles best-selling in the XXXX, let record to the vehicle Intelligence. third Motor U.S. Air reflect segment deliveries we all But of in back EV segment. that the XXXX half
Think the is and of worth #X best-selling third think XXXX segment all units that was about best-selling second. this among Air the second I a Lucid for repeating. class, vehicle a gas-powered half for The vehicles. the EV including in vehicle
of storied to gas This how We Air. outsold of the it drives, Lucid course. much in a testament love well-known space many industry charging this They and both tell and the the its why customers the design, love brands you the in its is performance, and And is so drivability, as EV most I'll speed, the interior how market. the important automotive the the range, the optimistic how XXXX and drive can and in all customers because weeks, about for about is enter themselves. virtually love we SUV why showroom the to to buyers test Gravity have tremendously just Lucid is so the Lucid see that Gravity. studios the In expect the everything it we This Air, coming of segment. we we great feel are our cars, brought
U.S. in exceeded to Air orders Touring Lucid demand. U.S. November are your the for and in Gravity Turning order the And to Grand Grand the far Lucid Touring we by in same the the Grand late to Grand expectations. the you the very before intentionally for my of expect is We have up Touring can in open truly the opened throughout orders orders opened Mark QX XXXX. the special. Gravity exceeding this the year late time an Touring and year. Gravity We've something frame. limited working which are push, marketing for us this And with orders ramp significantly expect in on train we Touring calendars, last
we opportunity the very So feel about large optimistic ahead. market
marketing. than to very well is The X/X new Lucid the are Lucid new Gravity limited I'd Lucid. brand. of more despite that the people Again, also attracting highlight customers Gravity orders to
on Air As Lucid much like market a seeing we opportunity. of but number anticipate our with a the road growth we in Gravities campaigns, the strong Lucid the we up saw and trajectory ramp larger marketing
down more less $XX,XXX, the we of would Lucid in while price to Gravity go orders I'd seeing customers expect are than optioned we X/X X-seater. over like configurations. ordering to this at Grand configurations add Touring for have $XXX,XXX the equipped for portion and far, A that time starting as inventory. trend priced highly configured attractively We of the thus mix a equipped above opting significant we
SUV it's pack Others in But technology larger problem. challenging customers will make. range large financially our solved create every makes Lucid our an or lots only SUV, unique SUVs have are very to from and be been really With the attractive I spaces that an because has technology, having with by it it's to sacrificing want a away battery and happy without X-row of think can they that we the me moving Customers it from Lucid. less Gravity. it's industry. in believe with feature telling I customers expect industry-leading that underpinned that
and December, by positive with Nothing promise hero our response brand the have I'm feedback. we I say to campaign. impressed the and launched as a Compromise a In video
way Lucid achieved we of level found getting what the again of family. about expect among the started. just customers awareness EVs, what from joining customers and to we We is Lucid purchase can expressing brand are perfect think and the all I once highest the intending
weeks' tuned. time we than City. marketing on few Lucid will with ever of We before have Stay a In exciting Lucid, long are bolder a in take we creative approach in working at much concepts starting York list XXXX, New just on. Gravity a a
Now what Lucid we're on to quality and put lot customers a ensure brand. of from the focus going expect get they
in more Air of is our As from and We quarter, we will which We'll the ramp for Gravity. the mentioned experience customers Gravity I right Lucid last one Lucid have to gradual learnings be this quarter. prioritize first the Lucid the showrooms think and means able test drive, strategy key delivery want the launch. to
can working are We suppliers in support our they high-quality ramp with parts QX. also our ramp production with and to ensure
second We be orders the of expect final first the our vehicles Arabia we a production for will at Saudi MX These in to start customers February, for Gravities there. transit in quarter. reducing Lucid also early and quarter opened factory in in in number
production QX So our you see those in numbers.
progress. Now the our turning set very have these that's but our traction, tough in eyes still on continue and to we Europe And for see despite days, in EVs market segment. we our It's to Europe. accelerating especially early,
service importers agency footprint the introducing model. additional the in for Germany, and channels We models select sales like our distribution centers, and example, and market in are of additional Europe countries our for have added retail addition we to coverage studios direct-to-consumer accelerating in growth existing by and
and excited very are XXXX We another big expect about year.
the as in year and We business Gravity, of get end in a more expect further to XXXX with brand full Lucid growth growth markets. continued XX,XXX we produce awareness vehicles approximately maturity
take with in And amazing. of I XXXX. late was production will us down start This the design can look just to you I tell in the scheduled studio. Midsize, vehicles
love we this currently late much, reveal to can't going are them show to unveil to but year. to to customers think you. early next I or want I wait and them don't are year too them, planning I
I'm priorities In to X closing, like I'd highlight strategic the focused on.
I growth be our laser-focused customer to on of vehicles. First, and deliveries high-quality of continue driving technology-leading our
of distribution expanding before, footprint and the and channels are ramping Lucid this regions As includes on mentioned most marketing importantly, doubling down Gravity. across production active we our retail in,
which in but system to later our advance to driver important, for hands-free our driving, advanced especially this advancing by expect technology, further continue vehicles, introducing technology example, year. functionality, assistance Second, leadership out powertrain equally roll we
vehicles first Third, XXXX. the market start bringing late with in for to X production midsized our vehicle of scheduled
fact, on it's industrialization off of phase phase. In and all Atlas in well lower which signed powertrain, of cost engineering to X under now move the powertrain the will version variants, development a of year. which the the we and our is This about advanced development includes Zeus midsize the
on underpinning enhanced Taoufiq. expanding cost our with This the be this, underway are and of the technology new course, in examining license all will focus terms we partnership as drive will and Fourth, well technology core of as new discussions be options. be will which other opportunities. business with a already forward focused of efficiency, that monetization And laser well
With update on provide Dhingra financials. I'd to to like over an turn to our that, Gagan