Luxury EV maker Lucid Group has opened its first international factory in Saudi Arabia, the home of its largest shareholder. The factory, located in Jeddah, will have initial capacity to assemble 5,000 Lucid vehicles annually, according to the company….
Lucid Group said Tuesday it has started testing pre-production versions of its all-electric Gravity SUV on public roads in the United States, a signal of progress for an automaker with just one model in its portfolio. Lucid currently produces several versions of the Air, an all-electric luxury sedan that came to market in 2022. The…
Lucid Group, the U.S. automaker that produces the luxury all-electric Air sedan, is cutting its workforce by 18% as part of a restructuring, the company disclosed in a regulatory filing. The layoffs, which will affect 1,300 employees, will be completed by the end of the second quarter. Lucid expects to incur about $24 million to…
Lucid Group issued a recall for hundreds of Air sedans over a flaw that could cause the vehicles to lose power and increase the risk of a crash, according to a filing with the National Highway Traffic Safety Administration. Newark, California based automaker first filed a recall notice with NHTSA in February for 273 model…
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