"Lucid's Gravity SUV launch has been delayed by supply chain crises and global trade instability, company officials said on on an earnings call. Production setbacks and export shifts hurt Q3 results despite Lucid's efforts to adapt. The company faces a tougher EV market and needs the Gravity to succeed before its 2026 midsize EV arrives. The Gravity SUV is crucial for Lucid Motors."
""I've said before that our delayed ramp-up of the Gravity is mainly due to a small number of suppliers not able to ramp as expected," Winterhoff said. "On top of that, we had to cope with a number of extraordinary external headwinds that threatened to shut our production down several times throughout the year. That's why we are not where we want to be.""
Lucid's planned Gravity SUV rollout has been delayed by underprepared suppliers and consecutive industry supply crises, including magnets, aluminum and chips, alongside global trade instability. Production setbacks and export shifts reduced third-quarter performance despite company adaptation efforts. Interim CEO Marc Winterhoff attributed the slowed Gravity ramp to a few suppliers failing to scale and to extraordinary external headwinds that nearly halted production multiple times. The Gravity is critical because consumer demand favors SUVs over expensive sedans, and Lucid needs the SUV to drive growth and set up success ahead of its 2026 midsize EV.
Read at insideevs.com
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