Lucid Group's Sales Hiccup: Supplier Glitch & Recall
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Lucid Groups 2025 ended on a high, doubling EV production and increasing sales by 55%. However, Q1 2026 saw a sales drop due to a supplier issue causing a 29-day delivery halt and a recall of over 4,000 vehicles. Despite this, January and March sales remained strong. Lucid aims to produce 25,000-27,000 vehicles this year, a potential 47% increase from 2025. Theyre preparing for a new affordable model to compete with Rivian R2, Tesla Model Y, Model 3, and Chevy Equinox EV.
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