Research and development expenses of Lucid Motors 2019-2023
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.