Lucid (US:LCID) Xin Lang Cai Jing·2026-01-05 16:46Group 1 - Lucid Group significantly increased production and sales last year, continuing to expand the capacity of its new Gravity SUV model [3][5][8] - The company announced that deliveries will rise to 15,841 units in 2025, representing a 55% year-over-year increase compared to 2024, with fourth-quarter deliveries expected to grow over 70% [3][5][8] - Lucid has adjusted its 2025 production target to approximately 18,000 units, down from an initial forecast of 20,000 units, with actual production expected to be 18,378 units, including 8,412 units in the fourth quarter [3][8] Group 2 - The increase in production is largely attributed to the extended ramp-up period for the Gravity SUV, which has faced challenges primarily due to supply chain shortages [3][8] - The electric vehicle industry is encountering broader challenges, including rising costs due to tariffs, slowing sales expectations, and negative impacts from regulatory policy changes, including the termination of federal consumer purchase subsidies [3][8]