Hyperdrive
Lucid’s Output of EVs Drops 29%, Putting Output Target at Risk
Lucid Motors headquarters in Newark, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Lucid Group Inc.’s output of electric vehicles fell 29% on the quarter, raising questions about its ability to meet a full-year production target of more than 10,000 EVs.
The Newark, California-based company said in a release it built 1,550 EVs in the third quarter, down from 2,173 in the previous three-month period. Lucid’s deliveries rose to 1,457 vehicles in the quarter ended Sept. 30, up from 1,404 last quarter.