Lucid Motors is facing a slower-than-expected production ramp-up for its first-ever SUV, the Lucid Gravity. In the Q2 results call with investors, the company announced it was trimming its annual production forecast, pointing to supply chain troubles, including a shortage of critical magnets from China. The company now expects to produce between 18,000 and 20,000 vehicles in 2025, down from… Read more…
Lucid hits production snag with Gravity SUV, still posts record deliveries
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Lucid hits production snag with Gravity SUV, still posts record deliveries
Lucid Motors is facing a slower-than-expected production ramp-up for its first-ever SUV, the Lucid Gravity. In the Q2 results call with investors, the company announced it was trimming its annual production forecast, pointing to supply chain troubles, including a shortage of critical magnets from China. The company now expects to produce between 18,000 and 20,000 vehicles in 2025, down from… Read more…
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