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Lucid blames dip in Q1 sales on seat supplier issue
Lucid Group's Q1 2026 vehicle sales fell to 3,093, a 42% drop from Q4 2025, attributed to a supplier quality issue with second-row seats causing production delays. Despite recent record growth, the company issued a recall for over 4,000 SUVs. Lucid maintains its production target of 25,000 to 27,000 vehicles for the year, and plans to release a new lower-cost EV model soon.
Key points
- Lucid sold 3,093 vehicles in Q1 2026, down 42% from Q4 2025.
- Production was higher at 5,500 vehicles, indicating a gap between production and sales.
- Sales dip is not due to demand but supplier quality issues with second-row seats.
- Supplier issue disrupted deliveries of the Gravity SUV for 29 days and led to a recall of over 4,000 units.
- Lucid's spokesperson confirmed that supplier changes caused a sales halt for the Gravity in February.
- The company has addressed the issue, maintaining production guidance of 25,000 to 27,000 vehicles for 2026.
Why it matters
- This recall and production issue reflect broader challenges in the EV supply chain, similar to those faced by other manufacturers.
- Lucid's upcoming lower-cost EV, aimed at the mass market, targets competition with Tesla and Rivian, highlighting the growing importance of affordable electric vehicles in the industry.
Despite a temporary setback due to supplier issues, Lucid Group is poised to rebound with strong production goals and plans for a competitively priced model, reflecting the ongoing evolution in the EV market.