![]() ![]() ![]() In the first six months of the year Lucid has only been able to deliver just 1,405 vehicles to new customers. Lucid Air stock is up 21 since the start of September. Lucid Air production in Q2 2023 amounted to 2,173 cars, which is 204 percent more than a year ago. In 2017, the company said that entry-level versions of the. Lucid can meet its ambitious 2023 production target of nearly 1,000 cars per week. So blaming short of cash for layoffs and slow production is not a good explanation. Lucid is raising 3 billion via a secondary stock offering, including about 1.8 billion from the Saudi fund that controls the automaker. Peel is now working for Nikola as their Director of Advanced Manufacturing according to his Linkedinprofile, and the publication was able to confirm the other departures after reviewing internal memos.Īfter initially hoping to deliver 20,000 Lucid Air sedans this year, the automaker has successively cut its production targets, now estimating it will only hand over between 6,000 and 7,000 cars this year.Įven without these departures that number might be difficult to achieve. Lucid has said that it will also confirm the final production specifications, options and pricing. EV maker Lucid announces 3 billion raise from Saudi public wealth fund and stock offering. affordable cars and mass produce them and really help the environment. Lucid Motors said it has started production of the luxury EV. We invited guests to our AMP-1 factory to see the production of LucidAir as we. When reached for comment by Business Insider, only Champion confirmed he is no longer with Lucid. After roughly five years of work, the Lucid Air is finally close to reaching customers garages. The problems keep getting worse for Lucid, as a new report says six high-level manufacturing executives have departed the company in the last few weeks.Ĭiting anonymous current and former Lucid employees, Business Insider reports that the six executives were responsible for strengthening production at the company’s manufacturing facility in Casa Grande, Arizona.Īmong those who departed was Peter Hochholdinger, the VP of global manufacturing, who earlier this year in a shuffle of executive responsibilities lost his duty of overseeing manufacturing quality.Īccording to the sources, others to depart include VP of programs Ralph Jakobs Head of Arizona operations Mike Boike Head of new product introduction, program management David Peel Senior manager, logistics engineering Chris Barber and Director of operational excellence Keith Champion. ![]() It is no secret that Lucid has been struggling through a difficult production ramp since rolling the first Lucid Air luxury electric sedans off the production line last year. ![]()
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