Lucid Group Inc-A 2025年度报告

Dear Stockholders, As we approach this year's annual meeting,I'd like to reflect onprogress overthelast yearandsharean updateonourstrategipriorities as we continue building a company positioned for longsuccess. Letter toStockholders LeadershipfortheNextChapter Oneof theBoard'smost important responsibilities istoensurelhastherightleadershiptoguidethecompanythroughitsnextsofgrowth.Following a comprehensiveglobal search,we haveappointed SilvioNapoli as Lucid's nextCEO. Silvio brings extensive experience leading global, technology-dorganizations,withaprovenhistoryinmanufacturingexcellencgrowth, and customer service. We are confident in his ability toLucidas weaccelerate toward profitablegrowthand shareholdevaluecreation. We also thank Marc Winterhoff for his leadership during thistransition and are pleased he will continue serving as CoOupoSilvio assuming the CEO role. I'm confident our expanded leadteam and continuity will benefit Lucid and shareholders as weexecute against our strategy. Path to Profitability Wehavetaken importantstepstostrengthenourbalancesheesupport our path to scale and profitability. Lucid has reinforcedicapital position andformed new,capital-efficient strategicpartnerships thataccelerateourspeed tomarket While we continue to navigatea dynamic environment, ourfocuremains on disciplined execution, expanding the reach of the alwinning Lucid Air and Lucid Gravity,thoughtful capitalallocatiorbuilding a resilient business. Software-enabled innovation,autonomy,and broadermobilityapplications also representemerging andpromising opportunities. Looking Forward As weprepareournewMidsizevehiclesdesigned forscale ancefficiency,we believe these products willpropel Lucid into highevolumepremiumsegmentsoftheglobalautomotivemarket. Backed bya clear vision,differentiatedtechnology,and strongleadership,it's clear Lucid has a bright future ahead. We believ.industry-leading innovation, new products and expanding revenopportunitieswill position Lucidforlong-termsuccess. On behalf of the Board, thank you for your continued trust andsupport. Sincerely, Turqi AlnowaiserChairman of the Board Lucid Group, Inc. Notice of Annual Meeting of Stockholdersto Be Held on June 4, 2026 April 23 Dear Stockholder: You are cordially invited to attend the 2026 Annual Meeting of Stockholders (the"Annual Meeting")of Lucid Group, IncJune 4, 2026 at 9:00 a.m. (Pacific Time) to consider and vote on the following proposals: Toelect theninenominees to serveasdirectors,toholdoffice untilthe2027annual meetingofstockholdersandtheir successors are duly elected and qualified,or until their earlier death, resignation or removal;2.December31,2026;3.Toapproveonanadvisorybasis,thecompensationforournamedexecutiveofficers4.Plan; and5. These items of business are morefullydescribed in the proxy statement accompanying this Notice of Annual MeetingStockholders (the"Proxy Statement"). The record date for the Annual Meeting is April 6, 2026 (the "Record Date"). Only stockholders of record of shares of oClass Acommon stock,par value s0.0001per share,shares ofour Series Aconvertible preferred stock,par value $0.(per share,or shares ofour Series B convertiblepreferred stock,parvalue s0.0001 per share at theclose of businessRecord Date may vote at the Annual Meeting or any postponement or adjournment thereof. You will be able to attendtfurther instructions via email, including a unique link that will allowyouaccess to the Annual Meeting andto vote andsquestions.As partof theregistration process,youmustenterthecontrol numberlocated onyour proxycard,votinginstructionform,or Important NoticeRegarding theAvailabilityof Proxy Materials ImportantNoticeRegardingtheAvailabilityofProxyMaterialsfortheAnnual Meetingtobeheldon June 4, 2026 at 9:00 a.m. (Pacific Time) via the internet atwww.proxydocs.com/LCID The Proxy Statement and the Company's Annual Report to Stockholders are available at: www.proxydocs.cLCID. voteand submit questions (both before,andfor aportion of, themeeting)via the internet. In theevent ofanadjournment,postponementoremergencythatmay change theAnnual Meeting'stime ordate,wevmakeanannouncement, issueapressreleaseorpost informationatwww.lucidmotors.comtonotifystockholders,asappropriate.If you have any questions or need assistance in voting your shares,please write to Lucid Investor Relatio7373GatewayBoulevard,Newark,CA94560orbyemailat investor@lucidmotors.com TABLEOFCONTENTS BrianK.TomkielGeneral Counsel&CorporateSecretaryNewark,California NOT YOU EXPECT TO ATTEND THE ANNUAL MEETING,PLEASE COMPLETE,DATE, SIGN AND RETURN THEPROXY CARD,ORVOTEOVERTHETELEPHONEORINTERNET AS INSTRUCTEDIN THOSE MATERIALS,ASPROMPTLYASPOSSIBLEINORDERTOENSUREYOURREPRESENTATIONATTHEANNUALMEETING.EVE Table of Contents Grantsof Plan-BasedAwardsOutstandingEquityAwardsatFiscalYear-EndOptionExercisesandStockVested15Potential Payments Upon Termination or Change inControl23DirectorCompensationCEOPayRatio24PayVersusPerformanceSecurityOwnershipofCer