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 ...
It cut about 900 employees in February, or about 6% of its workforce. It's also working ... of the most attractive among the universe of start-up EV automakers because it has class leading ...
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 ...
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 ...
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 ...
The Model Y from Tesla retails for at least $54,990 after recent price cuts, Rivian's R1S SUV is priced around $78,000 and Lucid sells its Air Pure sedans for about $87,400.
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 ...
