Lucid halves full year 2022 output forecast – report

Lucid Motors is halving its estimated production total for the full year 2022 to 6,000 to 7,000 units after supply chain issues plus manufacturing and logistical issues escalated, a media report said.

According to TheDetroitDesk.comLucid has halved its production estimate to 6,000 to 7,000 vehicles after encountering several manufacturing and logistical issues.

The company delivered just over 300 vehicles in the first quarter and 679 in the second, said Lucid CEO Peter Rawlinson. However, when the company tried to increase production speed, it started to run into several problems.

The ItDetroitDesk said the automaker initially forecast production numbers between 12,000 and 14,000 for 2022, but Rawlinson said that “revised outlook reflects the logistical challenges I described as we began to scale, which exposed the immaturity of our logistics processes.”

According to the report, Rawlinson said the company faced sporadic shutdowns of its production line due to supply chain issues, but also experienced difficulties in speeding up the production line to build more vehicles. He said the company was initially unable to feed the right parts on the line at the right time and cadence. This affected the build quality, he said.

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