08
Nov
12:57
Lucid cuts 2023 production outlook as Q3 losses grow
US electric vehicle manufacturer Lucid Group has cut its 2023 EV production target to 8,000-8,500 vehicles from the previous estimate of over 10,000 units. The move was meant to “prudently align [production] with deliveries,” the company said in its Q3 results statement.
On Tuesday, the luxury EV company reported third-quarter revenues of $137.8 million, a roughly 30% year-on-year drop compared to $195.5m in Q3 2022. The announcement comes after Lucid …
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Anonymous
Very good overview of the weekly steel market.
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