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.
16 articles · page 1 of 2 · showing 1 to 12
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.
Lucid Motors and Bolt partner to develop autonomous vehicles for a potential European robotaxi fleet using Lucid’s future EV platform.
Lucid Motors has delayed its affordable Cosmos EV until 2027 as the company prioritises quality, cuts costs and advances its turnaround strategy.
Lucid Motors has outlined a turnaround strategy centred on $1.4 billion in cash savings, robotaxis, its Saudi factory and a delayed mid-size EV.
Saudi billionaire Prince Al Waleed bin Talal has acquired a 5% stake in Lucid Motors, adding to Saudi Arabia’s substantial investment in the US electric vehicle maker.
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 has named a new chief financial officer as CEO Silvio Napoli continues reshaping the company’s leadership team. Learn what the executive changes mean for the EV maker’s future.
Lucid Motors has reduced its workforce by 18% as new CEO Silvio Napoli restructures the EV maker to improve efficiency, reduce costs, and strengthen long-term competitiveness.
A key Lucid Motors executive has departed as the company’s new CEO continues restructuring the leadership team. Learn what the executive change could mean for Lucid’s future strategy…
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.
Lucid Motors recalls over 4,000 Gravity SUVs due to improperly welded seat belts, raising safety concerns and prompting corrective action.
Written by the reporters who cover each beat. Unsubscribe in one click.