Lucid Motors has once more considerably lowered its manufacturing goal

Luxury EV startup Lucid Motors has changed its annual production target again, lowering it to an expected output of between 6,000 and 7,000 vehicles, the company announced today. That’s just a fraction of the 20,000 cars Lucid originally promised to deliver in 2022. Rival Tesla has produced just 1,405 vehicles so far this year, leaving it with just four months to build thousands of new cars.

The company claims supply chain woes and shortages of parts and raw materials are to blame for the slow output. In a call to investors, said the CEO of the California-based company Peter Rawlinson said it is planning some structural changes to increase production. “Our revised production guidance reflects the extraordinary supply chain and logistics challenges we faced,” said Rawlinson. “We have identified the key obstacles, and are taking appropriate steps – bringing our logistics operations in-house, adding key hires to the executive team, and restructuring our logistics and manufacturing organization.”

In addition to the ongoing production difficulties, the company had to last May recall all of its 2022 Air EVs due to wiring issues – over 1,000 cars in total. Demand for luxury vehicles seems unaffected by such challenges. So far, there have been 37,000 reservations for Lucid Motor’s all-electric sedan, the Lucid Air, which the company unveiled in . In addition, Lucid plans to sell more than 100,000 cars to the government of Saudi Arabia – which fell through into the company and has a 62 percent stake.

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