Operating reset advances as Lucid reduces vehicle inventory and aligns production with near-term demand

NEWARK, Calif., Oct. 5, 2026 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:LCID), maker of the world's most advanced software-defined vehicles and technologies, today announced production and delivery totals for the quarter ended September 30, 2026.

Lucid produced 2,954 vehicles and delivered 3,806 vehicles during the third quarter of 2026.1 Deliveries exceeded production as the company continued to execute its planned inventory reduction, converting existing vehicle inventory into customer deliveries as part of the previously announced operating reset targeting $1.4 billion of cash flow improvements in 2026. Demand for the Lucid Gravity continued to regain momentum.

As part of its operating reset, Lucid continued to align production with near-term demand. Production declined sequentially, consistent with the previously announced elimination of a second shift at AMP-1 in June, while deliveries were above production as the company reduced existing vehicle inventory.