March 28 (UPI) --Electric vehicle startup Lucid Motors is planning to lay off about 18% of its workforce as the company restructures to cut costs amid weaker-than-expected demand for its EVs.
Electric vehicle manufacturers like Lucid, Lordstown Motors and Faraday Future were big winners of the stock boom two years ago. Now all three companies’ shares have fallen dramatically.
Fisker is failing and Lucid could be next. The entire electric vehicle (EV) industry is in the midst of an unexpected ...
California-based electric vehicle startup Lucid Motors is planning to invest $10 million and create 260 jobs at a new engineering research and development center in metro Detroit, Crain’s has ...
(Reuters) -Vietnamese electric vehicle maker VinFast is cutting its workforce in the United States, the company said on Monday, amid a restructuring in its major overseas market as the startup ...
Electric vehicle startup Lucid Group plans to open a research and development office in Southfield and create at least 262 new jobs. The EV maker, headquartered in Silicon Valley, has said it ...
(Reuters) -EV startup Fisker warned on Thursday it might not be able to continue as a going concern and its shares tumbled 35% after the stock market closed. Fisker said it would cut its workforce ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The boss of Lucid Motors said the US electric car start-up must not rely on the “bottomless wealth” of ...
Lucid Motors’ plan to invest $10 million and create up to 262 jobs in Southfield will be supported by a $6 million state grant. The Michigan Strategic Fund board approved Tuesday the performance ...
TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch ...