Lucid Motors lowers production targets for 2022

E-car maker Lucid Motors has to lower its 2022 production targets. Again. Only 6,000 to 7,000 vehicles are to be produced in 2022. This is the second time that expectations have been revised downward.

Lucid Motors lowers production targets: “Challenges in supply chain”

Due to “extraordinary challenges in the production chain and logistics,” electric carmaker Lucid Motors has had to revise its self-imposed production targets for 2022 downward for the second time.

From the original 20,000 vehicles produced, they went down already in February this year to 12,000 to 14,000 models and now expects only 6,000 to 7,000 electric cars. Among them is the Lucid Air sports car, which is still to be offered in various versions in Europe at the end of the year.

Lucid Motors has now revealed this in a press release, in which they also share details of financial results from the second quarter of 2022. In addition to marketing-ready PR terms, the automaker reveals that a total of 679 vehicles delivered during the corresponding period brought $97.3 million into the company’s coffers.

Deliveries are sluggish

Demand for the Lucid Air model in particular remains strong, at least the manufacturer claims. The carmaker has around 37,000 reservations for the “longest-range, fastest-charging electric car on the market” at the current time.

However, just 1,405 vehicles rolled off the production line in the first half of 2022. Only recently, the Lucid Air was already affected by a recall for the second time, which should certainly not be very useful for the sales figures either.

Around 1,117 Lucid Air 2022 vehicles had to be ordered back to the workshop in June 2022 due to a display wiring fault. In February, the first recall involved problems with a small ring inside the wheel suspension. Not too good conditions, then, for the targeted market launch in Europe at the end of 2022.

Still, Peter Rawlinson, CEO and CTO of Lucid Motors expresses confidence. He says they have identified the bottlenecks in the production chain and logistics and have taken appropriate action. Logistics would now be done in-house, while the company’s own logistics and manufacturing departments would be restructured. “I remain confident that we will get through these near-term challenges,” Rawlinson said.

The hatchback sedan with electric motor, Lucid Air, for example, is offered in a premium Dream Edition and presents itself as a direct competitor to the Tesla Model S or Mercedes EQS.

A whopping 1,111 hp in the Lucid Air Dream Edition ensures acceleration from 0 km/h to 100 km/h in 2.5 seconds. The top speed, on the other hand, is “only” 260 km/h. This is significantly less than in the case of the Tesla Model S Plaid, which has finally been available for order in Europe for a few days.