China's economy experienced a significant slowdown in August, with declines in industrial output, retail sales, and fixed-asset investment, raising concerns about a potential further deceleration in the second half of 2025. Despite recent weak data, policymakers remain cautious about implementing major stimulus measures, focusing instead on stabilizing employment and markets amid external uncertainties and internal challenges like overcapacity and deflation.
Lucid reported a record second quarter with 3,309 vehicle deliveries, up 38% year-over-year, and a nearly 50% increase in first-half deliveries, driven by new models like the Gravity SUV. Despite surpassing previous records, the results slightly missed Wall Street expectations, and the stock rose modestly. The company aims to produce around 20,000 vehicles in 2025, with a significant portion still to be manufactured in the year's second half.
Lucid reported a record second quarter with 3,309 vehicle deliveries, up 38% year-over-year, and nearly 50% growth in the first half of 2025, driven by new models like the Gravity SUV. Despite this growth, the company missed Wall Street expectations of 3,600 vehicles for the quarter. Shares remained relatively stable, though the stock has declined about 25% over the past year.
