Lucid Group to recall over 200 cars due to potential safety issue

Lucid is not aware of any instances of parts failing in its vehicles, but it expects that about 1% of the 203 cars potentially affected may have an incorrectly installed part.


Lucid Group to recall over 200 cars due to potential safety issue

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Lucid expects that 1% of the 203 potentially affected cars may have an incorrectly installed part

Electric-vehicle maker Lucid Group said on Tuesday it would recall more than 200 of its premium sedans due to a potential safety issue, causing its shares to drop nearly 5%. The California-based company said there was a chance that the front strut damper — a part used in suspension — was improperly assembled by its supplier.

Lucid is not aware of any instances of parts failing in its vehicles, but it expects that about 1% of the 203 cars potentially affected may have an incorrectly installed part.

In September, it began manufacturing a $169,000 version of its electric sedan after battling with delays caused by quality issues. The company has since delivered a small number of cars.

In recent weeks, Tesla Inc. has filed a recall with the National Highway Traffic Safety Administration for issues related to its driver assistance system and other software issues.

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