01
Mar
15:58
Lucid cuts production forecast, reveals Saudi strategy
Electric vehicle start-up Lucid Group has severely cut its production forecast for 2022 even as the company highlights its growth plans in Saudi Arabia.
Lucid plans to produce about 12,000-14,000 vehicles this year, down from its initial estimate of 20,000, the company says in its year-end earnings review. The company lost a total of $4.8 billion in 2021 with 300 vehicles delivered, though it claims a pipeline of 25,000 reservations - worth about $2.4 billio…
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Anonymous
Very good overview of the weekly steel market.
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