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 ...
Even after laying off nearly a fifth of its workforce, the luxury EV maker is losing money at an unsustainable rate. After a disappointing Q1 finish, Lucid Group Inc. executives ... thus far, the ...
Electric vehicle startups are approaching a make-or-break moment. As legacy automakers increasingly ramp production of ...
PHOENIX — Lucid USA, an electric vehicle builder with manufacturing operations in Casa Grande, is slashing its Arizona workforce by over ... The move to cut jobs comes despite the company ...
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 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 ...
But yet another cut could materialize, with Lucid gently tempering expectations of its 2023 output totals. The EV startup now faces growing worries about a slump in demand, the first telltale ...
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 ...
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 ...
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 ...
