Lucid Motors has drastically lowered its manufacturing goal, once more

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Luxurious EV startup Lucid Motors modified its yearly manufacturing goal once more, decreasing it to an anticipated output of between 6,000 and seven,000 automobiles, the corporate introduced as we speak. That’s solely a fraction of the 20,000 vehicles that Lucid initially promised to ship in 2022. The Tesla competitor has solely produced 1,405 automobiles to this point this yr, giving it a mere 4 months to construct hundreds of recent vehicles.
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 various 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 manager group, and restructuring our logistics and manufacturing group.”
On prime of ongoing manufacturing struggles, this Might the corporate was compelled to recall all of its 2022 Air EVs resulting from wiring points — a complete of over 1,000 vehicles. Such challenges have not appeared to impression demand for the luxurious automobiles. Up to now, there have been 37,000 reservations for Lucid Motor’s all-electric sedan, the Lucid Air, the corporate disclosed within the name. On prime of that, Lucid plans to promote over 100,000 vehicles to the federal government of Saudi Arabia — which poured over $1 billion into the corporate and owns a 62 % stake.All merchandise beneficial by Engadget are chosen by our editorial group, impartial of our father or mother firm. A few of our tales embrace affiliate hyperlinks. In the event you purchase one thing via one in every of these hyperlinks, we might earn an affiliate fee.

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