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.
5 articles
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 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.
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.
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