Lucid Group Inc-A 2024年度报告

Letter toStockholders Dear Stockholders, As we gather for our annual meeting, I want to take a moment to reflecton the progress we’ve made together and provide you with an updateon the Company’s vision, strategic direction, and the important stepswe are taking to build a sustainable and thriving future. Turqi AlnowaiserB OARD CHAIRMAN A Vision That Is Unchanged First and foremost, the core vision of the Company is unchanged.Lucid’s mission remains clear — to advance the state-of-the-art of EVtechnology for the benefit of all. While leadership transitions are anatural part of a company’s evolution as it matures, we continue to beguided by the same fundamental principles that have shaped oursuccess — a relentless focus on innovation, cutting-edge technology,and a dedication to sustainability. Our technological vision for the future is firmly in place and we aredeeply committed to creating a world where electric vehicles are notjust a viable alternative but the superior choice. Commitment to Stability and Value Creation As Chairman of the Board, I want to emphasize the Board’s unwaveringcommitment to ensuring organizational stability and stockholdervalue creation. Our focus has been, and will continue to be, onmaintaining a solid foundation that supports long-term growth and apath to profitability. Our commitment to you, our valued stockholders, is clear: we willmaintain a focus on delivering both stability near-term and sustainablegrowth over the long-term. Looking Forward As Chairman of the Board, I am deeply optimistic about the future ofour company. I believe we are in the early stages of a transformationalgrowth journey, backed by a strong vision, unmatched technology, acommitted leadership team, and the continued trust of our stakeholders. The Board and I are excited about the future, and we thank you foryour continued trust and support. Sincerely, Turqi AlnowaiserChairman of the Board Letter toStockholders Dear Stockholders, This is an exciting time at Lucid Group — our journey to advance thestate of the art of EV technology for the benefit of all continues. In 2024,we achieved noteworthy milestones and gained significant momentum.We expanded our production capabilities, introduced groundbreakingadvancements in EV technology, launched the Lucid Gravity, achievedfour consecutive record quarters of deliveries, and saw significantimprovements in several financial metrics. The Lucid Air continues toset new standards in range, performance, and efficiency and we arehighly enthusiastic about the early reception of the Lucid Gravity. Marc WinterhoffINTERIM CHIEF E XECUTIVE OFFICER These significant achievements would not have been possible withoutbreakthroughs in our Lucid powertrain, engineering, design, andsoftware technologies, which enabled us to further grow our leadagainst competitors. Our journey to redefine electric mobility has beenmarked by relentless progress and I am proud of the technology andbusiness advancements we continue to make. Looking ahead, our focus remains on scaling production, optimizingefficiencies, expanding our partnerships, and continuing to innovate atthe highest level. Our midsize vehicles represent the next phase ofour mission and our teams are hard at work to bring these vehicles andtheir supporting technologies to the market. We also remain fully focused on the long-term goal of creating superiortechnology to provide solutions that not only meet the needs oftoday’s consumers but also exceed their expectations. We arecommitted to bringing to market vehicles that are not justenvironmentally friendly but also technologically advanced, offeringunmatched performance and user experience. I want to extend my deepest gratitude to our employees for theirdedication, our customers for their trust, our stockholders for yourconfidence in our mission, and the Public Investment Fund for theircontinued long-term support and partnership. Together, we are shapingthe future of electric mobility. Thank you for being a part of this journey. Sincerely, Marc WinterhoffInterim Chief Executive Officer Lucid Group, Inc. Notice of Annual Meeting of Stockholdersto Be Held on June 5, 2025 Dear Stockholder: You are cordially invited to attend the 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of Lucid Group, Inc.,a Delaware corporation (“we,” “us,” “Lucid Group,” “Lucid” or the “Company”). The Annual Meeting will be held virtuallyon June 5, 2025 at 9:00 a.m. (Pacific Time) to consider and vote on the following proposals: 1.To elect the eight nominees to serve as directors, to hold office until the 2026 annual meeting of stockholders anduntil their successors are duly elected and qualified, or until their earlier death, resignation or removal; 2.To ratify the selection of KPMG LLP as our independent registered public accounting firm for the fiscal year endingDecember 31, 2025; 3.To approve, on an advisory basis, the compensation for our named executive officers;