Lucid Motors has drastically lowered its manufacturing goal, once more

Luxurious EV startup Lucid Motors modified its yearly manufacturing goal once more, reducing it to an anticipated output of between 6,000 and seven,000 automobiles, the corporate introduced at present. That’s solely a fraction of the 20,000 automobiles that Lucid initially promised to ship in 2022. The Tesla competitor has solely produced 1,405 automobiles to this point this 12 months, giving it a mere 4 months to construct hundreds of latest automobiles.

Provide chain woes and a scarcity of components and uncooked supplies are responsible for the sluggish output, the corporate claims. In a name with buyers, the California-based firm’s CEO Peter Rawlinson mentioned it’s planning numerous structural modifications to amp up manufacturing. “Our revised manufacturing steering displays the extraordinary provide chain and logistics challenges we encountered,” mentioned Rawlinson. “We have recognized the first bottlenecks, and we’re taking acceptable measures – bringing our logistics operations in-house, including key hires to the chief workforce, and restructuring our logistics and manufacturing group.”

On high of ongoing manufacturing struggles, this Could the corporate was compelled to recall all of its 2022 Air EVs on account of wiring points — a complete of over 1,000 automobiles. Such challenges have not appeared to affect demand for the luxurious automobiles. Thus far, there have been 37,000 reservations for Lucid Motor’s all-electric sedan, the Lucid Air, the corporate disclosed within the . On high of that, Lucid plans to promote over 100,000 automobiles to the federal government of Saudi Arabia — which poured over into the corporate and owns a 62 % stake.

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