Lucid Cuts 2022 Production Forecast Once Again To 6,000-7,000 EVs via insideevs.com
Lucid Group has slashed its production forecast in half for this year, estimating it will manufacture between 6,000 and 7,000 Air electric sedans after a difficult second quarter caused by supply-chain issues.
. Now, the company has cut that revised production forecast in half, with CEO Peter Rawlinson blaming the""Our revised production guidance reflects the extraordinary supply chain and logistics challenges we encountered. We've identified the primary bottlenecks, and we are taking appropriate measures – bringing our logistics operations in-house, adding key hires to the executive team, and restructuring our logistics and manufacturing organization.
The production numbers are far from impressive considering the 37,000 reservations Lucid claims it has. Still, we have to remember that Lucid's only product at the moment is the Air luxury sedan which starts just under $90,000 for the Pure trim and can cost as much as $180,000 for theLucid also said it ended the quarter with $4.6 billion in cash, cash equivalents and investments, which is expected to fund the company"well into 2023." The company's Q2 revenue was just $97.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Lucid Motors has drastically reduced its production target, again | EngadgetLucid Motors has drastically reduced its production target, again
Lire la suite »
Lucid Motors has drastically reduced its production target, again | EngadgetLucid Motors has drastically reduced its production target, again
Lire la suite »
BMW Group profits rise to £13.5bn despite sales dip | AutocarGerman firm warns that rising costs and supply issues will hamper 2022 production targets
Lire la suite »
Worst Resale Value Cars for 2022: EVs and Luxury SedansThese cars are worth the least five years after they leave the dealership. Does your car make the list?
Lire la suite »
2022 Kia EV6 GT Is a Genuine Rival for High-Output EVsThe brawny, 577-hp EV crossover is set to undercut much posher alternatives—and it boasts a drift mode.
Lire la suite »
'Dancing With the Stars' Sets Season 31 Premiere Date on Disney PlusThe dance battle for the Mirrorball Trophy will soon be kicking off once again!
Lire la suite »