Newark, California, USA, October 5th / PRNewswire / -- Lucid Group, Inc. (Nasdaq ticker: LCID), a company that claims to create the world's most advanced software-defined vehicles and technologies, today announced its production and delivery figures for the quarter ending September 30, 2026.

Lucid indicates that a total of 2,954 cars were produced and 3,806 cars were delivered in the third quarter of 2026. The company stated that the higher delivery volume than production was due to its continued implementation of an established inventory reduction plan, which involved converting existing vehicle inventories into customer deliveries as part of a previously announced operational reset. The goal of this reset is to achieve a $1.4 billion improvement in cash flow by 2026. Lucid Gravity demand continues to rebound.

As part of the operational reset, Lucid continues to align production with recent demand. The company stated that the decrease in output is consistent with its previous decision to cancel the second shift at the AMP-1 factory in June; at the same time, due to the company reducing its existing vehicle inventory, the delivery volume exceeds the output.

2026 Third Quarter Financial Report Conference Call

Lucid will hold a teleconference on November 9, 2026, to discuss the financial performance for the third quarter of 2026 and to update on the progress of its key initiatives.

Details of the phone call

• Date: Monday, November 9, 2026
• Time: 2:30 PM Pacific Time / 5:30 PM Eastern Time United States
• Live Streaming: https :// ir.lucidmotors.com (Live Streaming and Playback)

Prior to the teleconference, the company will release a financial report press release and provide a live broadcast link on its investor relations website https :// ir.lucidmotors.com.

To enhance interaction with the shareholder community and promote communication with investors, Lucid is collaborating with Say Technologies to allow individual and institutional shareholders to submit and vote on questions. Some of these questions will be answered by the management of Lucid during the financial report conference call.

Starting from 2:30 PM Pacific Time / 5:30 PM Eastern Time on October 23, 2026, all shareholders will be able to access https :// app.saytechnologies.com / lucid-group-2026-q3 to submit questions. This Q&A platform will be open until 2:30 PM Pacific Time / 5:30 PM Eastern Time on November 6, 2026. Shareholders who have support-related inquiries can send emails to [ email protected ].

Note 1: The net profit and cash flow results for Lucid will be released along with the rest of the financial performance in the third-quarter financial report published under Lucid. The vehicle production and delivery volumes for Lucid represent only one measure of the company's operational performance and should not be considered as the sole indicator of quarterly financial results; quarterly financial results depend on various factors.

About Lucid Group

Lucid Group, Inc. (Nasdaq ticker: LCID) is a technology company that creates exceptional travel experiences through innovation, driving the world forward. Leveraging Lucid proprietary technology and software-defined vehicle architecture, the company's award-winning model lineup serves the high-end segments of the global automotive market under the "Compromise Nothing ™" philosophy. Lucid completes product design and engineering development in-house, and assembles the vehicles at its vertically integrated factories located in Arizona and Saudi Arabia, thereby fostering continuous innovation in vehicles, software, advanced driver assistance systems, and capabilities for autonomous driving.

Investor Relations Contact Person

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Media Contact

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Trademarks

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Forward-looking Statements

This communication contains “forward-looking statements” as defined by the “Safe Harbor” provisions of the 1995 U.S. Private Securities Litigation Reform Act. Forward-looking statements can be identified by words such as “estimate,” “plan,” “project,” “predict,” “intend,” “will,” “should,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “may,” “perhaps,” “possible,” “potential,” “forecast,” “arrange,” “aim,” “target,” “focus,” “strategy,” or other similar expressions. These statements predict or indicate future events or trends and are not statements of historical fact. Such forward-looking statements include, but are not limited to, Lucid’s expectations regarding production and delivery volumes, as well as the final production and delivery totals for the quarter ending September 30, 2026. The above statements are based on various assumptions, whether explicitly stated in this communication or not, and also on the current expectations of Lucid’s management. Forward-looking statements are not intended to be, and should not be regarded by any investor as, guarantees, warranties, or statements of fact or probability. Actual events and circumstances may be difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those discussed under the “Forward-Looking Statements” and “Risk Factors” sections in Lucid’s annual report for the year ended December 31, 2025 (10-K report), subsequent Form quarterly reports (10-Q reports), and Form 8-K reports, as well as in other documents that Lucid has submitted or will submit to the U.S. Securities and Exchange Commission. If any of these risks materialize, or if Lucid’s assumptions prove incorrect, the actual results may differ significantly from those implied by the forward-looking statements.Lucid There may currently be other unknown risks, or risks that are not considered significant at present but could potentially lead to actual results different from the forward-looking statements. Furthermore, the forward-looking statements reflect Lucid's expectations, plans, predictions, and opinions regarding future events as of the date of this communication. Lucid It is anticipated that subsequent events and developments will cause changes in its assessments. However, although Lucid may choose to update these forward-looking statements in the future, the company explicitly states that it has no obligation to do so. These forward-looking statements should not be regarded as representing Lucid's assessment on any date after the date of this communication. Therefore, undue reliance should not be placed on these forward-looking statements.