Lucid Group jumped more than 3% in premarket trading as the number of customer bookings increased to 13,000

Lucid Group jumped more than 3% in premarket trading as the number of customer bookings increased to 13,000.The data shows that Lucid's revenue in the third quarter was 232,000 US dollars, down 31% from 334,000 US dollars in the same period of last year; The net loss in the third quarter was 524 million US dollars, compared with 161 million US dollars in the same period last year; The basic and diluted loss per share was $0.43, compared with $6.64 in the same period last year.

In the third quarter, the number of customer bookings increased to 13,000, and the estimated order amount exceeded 1.3 billion US dollars; In the third quarter, Lucid's advanced manufacturing plant (AMP-1) in Casa Grande, Arizona was put into operation, with an annual output of 34,000 vehicles.

Lucid started the capacity expansion of AMP-1, which is expected to reach 90,000 vehicles per year by the end of 2023. The second phase of expansion is expected to increase the production area by 2.85 million square feet and further vertically integrate the production process.