Electric car maker Lucid cuts production forecast in half

electric vehicle manufacturer Sober Group The company said it expects vehicle production this year to be half of what it had previously forecast, citing supply chain and logistical challenges that have plagued the broader auto industry as well as the company itself.

The California-based company on Wednesday lowered its 2022 production target for the second time this year. Lucid now plans to produce 6,000 to 7,000 cars. It first revised down its previous estimate of 20,000 vehicles to between 12,000 and 14,000 in February.

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