economy
EV maker Lucid plans to adjust production, citing elevated vehicle inventories
Lucid Group said it will make moves to better align its production with customer demand for its luxury all-electric vehicles.
TL;DR
- Lucid Group will take steps to align production with anticipated deliveries and customer demand.
- The company has an 'elevated inventory' of vehicles.
- There are no current plans to idle Lucid's sole U.S. plant in Arizona.
- Lucid produced 5,500 vehicles and delivered 3,093 in the first quarter of 2026.
- A seat supplier issue affected deliveries of the Lucid Gravity SUV.
- Lucid reported a 144% increase in North America order intake from February to March.