EV Maker Lucid Cuts Production Outlook in Half

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Electrical-vehicle maker Lucid Group mentioned it anticipated to make half as many automobiles as beforehand forecast this 12 months, citing supply-chain and logistical challenges which have troubled the broader auto business in addition to the corporate’s personal issues.

The California-based firm on Wednesday slashed its 2022 manufacturing goal for the second time this year. Lucid now initiatives making between 6,000 and seven,000 automobiles. It first lowered a earlier estimate of 20,000 automobiles to between 12,000 and 14,000 in February.

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