In the 2023 fiscal year, U.S.-based electric vehicle manufacturer Lucid Motors invested more than 937 million U.S. dollars in research and development. This figure represents a significant increase of 14.1 percent compared with the previous year. The majority of the company's R&D expenditures are related to developing new products and services as well as upgrading existing ones.
Lucid Motors’ research and development expenses between FY 2019 and FY 2023
(in 1,000 U.S. dollars)
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Lucid Motors. (February 27, 2024). Lucid Motors’ research and development expenses between FY 2019 and FY 2023 (in 1,000 U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1306293/research-and-development-expenses-lucid-motors/
Lucid Motors. "Lucid Motors’ research and development expenses between FY 2019 and FY 2023 (in 1,000 U.S. dollars)." Chart. February 27, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1306293/research-and-development-expenses-lucid-motors/
Lucid Motors. (2024). Lucid Motors’ research and development expenses between FY 2019 and FY 2023 (in 1,000 U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1306293/research-and-development-expenses-lucid-motors/
Lucid Motors. "Lucid Motors’ Research and Development Expenses between Fy 2019 and Fy 2023 (in 1,000 U.S. Dollars)." Statista, Statista Inc., 27 Feb 2024, https://www.statista.com/statistics/1306293/research-and-development-expenses-lucid-motors/
Lucid Motors, Lucid Motors’ research and development expenses between FY 2019 and FY 2023 (in 1,000 U.S. dollars) Statista, https://www.statista.com/statistics/1306293/research-and-development-expenses-lucid-motors/ (last visited November 21, 2024)
Lucid Motors’ research and development expenses between FY 2019 and FY 2023 (in 1,000 U.S. dollars) [Graph], Lucid Motors, February 27, 2024. [Online]. Available: https://www.statista.com/statistics/1306293/research-and-development-expenses-lucid-motors/
