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09 May
13:11

Lucid Motors trims production guidance as net loss widens

Luxury EV start-up Lucid Motors has trimmed its 2023 production guidance forecast, after reporting a 33.7% quarterly decline in Q1 production volumes, Kallanish reports. The California-based carmaker says it expects to produce “more than 10,000 vehicles” this year, with volumes increasing if market conditions allow. The previous guidance was 10,000-14,000 vehicles this year. Manufacturing at its flagship Arizona plant fell from 3,493 units in Q4 202…
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