Electrical luxurious car maker Lucid Group mentioned it produced simply over 7,100 autos in 2022, barely greater than anticipated. The corporate advised traders in August to anticipate manufacturing of between 6,000 and seven,000 autos for the total 12 months.

Lucid mentioned in a press release that it produced 3,493 autos at its Arizona manufacturing unit within the fourth quarter and delivered 1,932, bumping its complete manufacturing to 7,180 for the total 12 months. Lucid’s fourth-quarter manufacturing complete was up 53% from the third quarter, when it produced 2,282 Air sedans and delivered 1,398.

Lucid warned in November that its supply totals have been prone to lag its manufacturing for the following few quarters because it labored via logistics challenges. The corporate delivered a complete of 4,369 autos in 2022.

Lucid’s 2022 manufacturing beat its steering, however that steering was a lot diminished from the corporate’s unique plan for the 12 months. Lucid had initially anticipated to construct 20,000 of its Air electrical luxurious sedans in 2022, nevertheless it was pressured to decrease that focus on twice – as soon as in February amid international provide chain disruptions, and once more in August, when it cited these logistics challenges.

Lucid did not present an replace on its complete variety of reservations.

Lucid’s most up-to-date reservations replace was as of Nov. 7, when it mentioned it had “over 34,000” reservations for the Air. Lucid mentioned in April that Saudi Arabia’s authorities had agreed to purchase as much as 100,000 of its autos over the following 10 years; these autos aren’t included in its reservation totals.

Lucid will report its fourth-quarter and full-year monetary outcomes on Feb. 22.

Correction: Lucid produced extra autos than anticipated in 2022. An earlier headline misstated the corporate’s information replace.