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.