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Lucid Group Joins Strategic MINAC Program to Bolster US EV Supply Chain

Aug 1, 2025 (1 days ago)
Neutral
Lucid Group Joins Strategic MINAC Program to Bolster US EV Supply Chain
Lucid Group is partnering in the MINAC program, a U.S. initiative to strengthen domestic automotive supply chains and reduce foreign mineral reliance.

Strategic MINAC Program Partnership

  • Lucid Group (LCID) has entered a Memorandum of Understanding (MOU) to join the Minerals for National Automotive Competitiveness (MINAC) program.1
  • This initiative aims to enhance local automotive supply chains by leveraging U.S. natural resources and reducing dependence on foreign sources.1
  • LCID is collaborating with other mining and processing firms, including Graphite One and Electric Metals USA Inc., within the MINAC framework.1

Government Alignment and Support

  • The MINAC program directly supports the "Immediate Measures to Increase American Mineral Production" Executive Order from March 2025.1
  • The initiative has garnered support from key government officials, including Arizona Governor Katie Hobbs and Senators from Alaska.1

Core Business Operations and Financial Context

  • Lucid Group designs, engineers, manufactures, and sells electric vehicles (EVs), EV powertrains, and battery systems. [Source: 3, 4]
  • The company utilizes a direct-to-consumer sales model, including its retail network and online sales channels. [Source: 3, 4]
  • For the quarter ended June 2025, Lucid Group reported a loss per share of ($0.24), missing consensus estimates.3
  • Revenue for the same quarter was $235.05 million, falling short of analysts' expectations of $250.50 million.3
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