EV Maker Lucid Cuts Production Outlook in Half

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

The California-based firm on Wednesday slashed its 2022 manufacturing goal for the second time this 12 months. Lucid now tasks 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.