Lucid Group completed 2025 on an upswing — constructing twice as many EVs because the earlier 12 months and reporting a 55% uptick in gross sales. Then the primary quarter of 2026 arrived.
The corporate, which makes the Air sedan and Gravity SUV, reported Friday that it sold 3,093 vehicles within the first quarter, a 42% drop from the earlier quarter and about 0.5% decrease than the identical interval final 12 months. It had constructed many extra, about 5,500 in complete.
Lucid mentioned the gross sales dip, and the hole between manufacturing and deliveries, will not be a requirement downside. As an alternative, the corporate blames a provider high quality subject with its second-row seats, which disrupted deliveries of the Lucid Gravity for 29 days.
The provider subject additionally prompted Lucid to recall greater than 4,000 Gravity SUVs. Lucid advised the Nationwide Freeway Site visitors Security Administration that it found among the anchors for the SUV’s second-row seat belts weren’t correctly welded.
Lucid spokesperson Nick Twork confirmed to TechCrunch that the lower in gross sales was tied to issues with the provider. He mentioned that attributable to an unapproved change made by a provider, the corporate issued a cease on Gravity gross sales that lasted most of February to make sure correct car high quality earlier than restarting them. Twork made a degree of noting Lucid’s newer success, saying that “following eight document quarters, we confirmed robust ends in each January and March which very almost achieved year-over-year progress on their very own.”
Lucid mentioned in its securities submitting Friday that the problem has been addressed, and the corporate appears assured that disruption received’t have an effect on its manufacturing targets.
Lucid reaffirmed its beforehand announce manufacturing steering of between 25,000 and 27,000 autos this 12 months. Lucid constructed 18,378 EVs in 2025. That might characterize a rise of as a lot as 47% from final 12 months.
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Lucid’s seat provider troubles come as the corporate prepares to begin constructing its first car on a brand new lower-cost platform aimed on the mass market. Lucid has mentioned that first car will value round $50,000, a value level that may put it in direct competitors with the upcoming Rivian R2 SUV, in addition to current merchandise just like the Tesla Mannequin Y, Tesla Mannequin 3, and Chevrolet Equinox EV.
