Lucid Group Inc at Nasdaq London Investor Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Edouard Aubin - Morgan Stanley - Analyst : Maybe, Marc, if I can start with a relatively broad question, which is where -- how does Lucid position itself within the overall EV segment?

Question: Edouard Aubin - Morgan Stanley - Analyst : Okay. Wonderful. Thank you so much. Would it be fair to say that Lucid is no longer a start-up, but really, properly a scale-up now? And I guess related to that, what's the strategic advantage does the majority ownership of PIF gives Lucid? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 10, 2025 / 11:30AM, LCID.OQ - Lucid Group Inc at Nasdaq London Investor Conference

Question: Edouard Aubin - Morgan Stanley - Analyst : Great. Thank you so much. Talking about your model. So Gravity was the first SUV you launched. It was, I guess, basically same time last year, November '24, if I'm not mistaken. Could you give us a bit of an update in terms of the ramp-up you had over the past 12 months? I think you had some production and suppliers issue initially. But to what extent you overcome these issues and things are running smoothly? And also in terms of the, again, the production, the volume in the second half of the year and next year?

Question: Edouard Aubin - Morgan Stanley - Analyst : In a week. Okay. Impressive. Thank you. So I think one of your next projects you've talked about is you going -- the launch of the midsize. So you have advanced sedan in terms of EV, one of the most advanced in the market in the SUV, you talked about it. What's the next step with the midsized vehicle? It's a more competitive segment of the market? Why is it an opportunity for you? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 10, 2025 / 11:30AM, LCID.OQ - Lucid Group Inc at Nasdaq London Investor Conference

Question: Edouard Aubin - Morgan Stanley - Analyst : And in the Mid-sized segment, will competition be tougher with the Chinese competitors or with the local domestic players?

Question: Edouard Aubin - Morgan Stanley - Analyst : Got it. Moving on to autonomy, which is a very exciting development, obviously, for the industry. So I guess one of the interesting development is the robotaxi. So you signed an agreement with Uber. I think they are going to deploy, if I'm not mistaken, 20,000 Lucid Gravity vehicles equipped with the Nuro drivers over the next six years. I think they are starting in the Bay Area next year. If you could talk a little bit about why the deal, the economics to start with on the robotaxi, that would be helpful.

Question: Edouard Aubin - Morgan Stanley - Analyst : Okay. We'll open it up to the audience in a few minutes. I'm sure you're going to get more questions on that because that's a very exciting development. Just to finish on the autonomy, on the consumer autonomy front, so Lucid announced a strategic collaboration with NVIDIA to co-develop the next-gen L4 autonomous driving tech that will integrate NVIDIA DRIVE AF system. So yeah, could you, again, come back on the deal, why the deal and what the opportunities could be generated?

Question: Edouard Aubin - Morgan Stanley - Analyst : Okay. Wonderful. I don't know if there's a mic or if there are questions from the audience. Any questions? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 10, 2025 / 11:30AM, LCID.OQ - Lucid Group Inc at Nasdaq London Investor Conference Unidentified Participant Just wondering if there's any -- if you could provide some comments on the capabilities that you have regarding the ADAS and autonomous vehicles. What really -- I mean, as an EV player, how did you decide to go after this? And maybe relative to a Google who are Waymo who had a head start, where do you position? And what do you have to do to catch it?

Question: Edouard Aubin - Morgan Stanley - Analyst : Other questions? Just maybe related to that and the way you grow by partnering with some other players. In terms of coming back on the robotaxi, as you said, you have big ambitions going forward. Should we -- are you in discussion -- obviously, you're limited in terms of what you can disclose, but are you in discussion with other market participants? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 10, 2025 / 11:30AM, LCID.OQ - Lucid Group Inc at Nasdaq London Investor Conference

Question: Edouard Aubin - Morgan Stanley - Analyst : Got it. Sorry, another question. Unidentified Participant I guess conceptually, we're now seeing the pace of rollouts across cities, across in the States and also in Europe faster. They seem to have accelerated. So what is the gating factor for your partnership with Uber in San Francisco expanding more broadly? Is it availability of vehicles? Or is it regulation? Maybe you could just explain how that evolves?

Question: Edouard Aubin - Morgan Stanley - Analyst : Okay. Maybe one last question, if any. No? Okay. I think it's noon. So noon, I mean, if delegate could please head upstairs for lunch. I think it's the Danzig suite. Lunch will be served. Thank you so much. Thank you.