Transportation
Lucid EV Production Falls 54% as Inventory Reset Continues
Lucid Motors produced 2,954 EVs in the third quarter, down 54% from the previous year, as the company cuts output and works through existing inventory.
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Lucid Motors produced 2,954 EVs in the third quarter, down 54% from the previous year, as the company cuts output and works through existing inventory.
Volkswagen’s Mission Efficiency EV prototype achieved about 279 MPGe on a 794-mile trip, thanks to advanced aerodynamics, a lightweight design, and a compact battery.
Lucid Motors has denied reports that it is considering Chapter 11 bankruptcy, saying it has sufficient liquidity to support operations well into next year.
Lucid Motors says it remains uncertain about how many electric vehicles it will produce this year amid market challenges and shifting demand.
Lucid says a seat supplier issue affected Q1 sales, leading to a dip in deliveries and highlighting ongoing supply chain challenges in EV production.
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