Electric-vehicle maker Lucid Group Inc said on Tuesday it would lay off about 18% of its workforce, or around 1,300 employees, to cut costs as ... of cheaper EV models from traditional automakers ...
Electric vehicle startups are approaching a make-or-break moment. As legacy automakers increasingly ramp production of ...
While Lucid's first vehicle, the Air sedan, has impressed reviewers and won several important industry awards, demand for the high-priced EV appears ... when Lucid cut 18% of its workforce ...
Lucid Motors cut its production forecast to "over 10,000 ... the Gravity crossover, this year and to start accepting reservations. Production of the three-row crossover is on schedule to start ...
Lucid Motors is expected to face difficult questions about its future when the electric vehicle startup posts first ... and BMW with their new EV sedans. Lucid cut about 1,300 employees in March ...
SAN FRANCISCO, Feb 1 (Reuters) - Rivian Automotive is laying off 6% of its workforce in ... are expected to hurt EV upstarts such as Rivian, Lucid Group and British startup Arrival, which Monday ...
Swedish electric vehicle (EV) maker Polestar said ... on the already cash-strapped start-ups. Advt Polestar peers such as Lucid and Fisker, have both cut their production forecasts, with Lucid ...
Young automakers Lucid, Fisker, and Nikola have all failed ... Additionally, Tesla, the leading EV startup, is using its profit margins to decrease prices, putting pressure on newer startups.
According to a regulatory filing Tuesday, the Silicon Valley luxury EV carmaker will cut about 1,300 ... according to Rawlinson. As Lucid downsizes its workforce, the startup plans to ramp up ...
Electric-vehicle maker Lucid Group Inc said on Tuesday it would lay off about 18% of its workforce, or around 1,300 employees, to cut costs as ... of cheaper EV models from traditional automakers ...
