Lucid Group, Inc. (LCID) Research & Development Expenses
The r&d expense for Lucid Group, Inc. (LCID) is $1.21 Billion with a year-over-year change of +2.97%. Research and Development (R&D) expenses represent the costs incurred by a company in developing new products, services, or processes.
LCID R&D Expense Chart
Current R&D Expense
$1.21B
$1.21 Billion
Year-over-Year Change
+2.97%
vs. $1.18B prior year
Historical Data
7
Years of data available
Annual R&D Expense History
| Year | R&D Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.21B | +$34.94M | +2.97% |
| 2024 | $1.18B | +$239.44M | +25.55% |
| 2023 | $937.01M | +$115.50M | +14.06% |
| 2022 | $821.51M | +$71.33M | +9.51% |
| 2021 | $750.18M | +$239.07M | +46.78% |
| 2020 | $511.11M | +$290.89M | +132.09% |
| 2019 | $220.22M | — | — |
About Lucid Group, Inc.
Operating at the intersection of technology and the automotive industry, Lucid Group, Inc. specializes in the development of electric vehicle (EV) technologies. The company is responsible for the complete cycle of designing, engineering, and manufacturing electric vehicles, including their vital powertrain and battery systems. By the end of 2021, Lucid had expanded its physical presence to twenty retail studios across the United States. The company was founded in 2007 and is headquartered in Newark, California.
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- CEO
- Marc Winterhoff