Reported 1 day ago
Lucid Group announced that CEO Peter Rawlinson is stepping down after over five years in the role, with the company expecting to more than double its vehicle production to around 20,000 this year. Marc Winterhoff, the operating chief, will serve as interim CEO. Despite ongoing challenges in the EV market and heavy losses, analysts view the production forecast as encouraging, especially with the recent launch of the Gravity SUV aimed at competing with key rivals.
Source: YAHOO