Only a few years ago, an array of EV start-ups appeared poised to revolutionize the auto industry. Today, many have vanished while others struggle for survival. There have been a few success stories but the shake-out is likely to continue, reports Headlight.News.
The struggling Lucid Group revealed another series of setbacks once again announcing cuts to its full-year production plans. Revenues fell well short of expectations, as well, though it did beat earnings forecast. Headlight News has more.
Among only a handful of EV startups to make it into showrooms, Lucid has delivered an impressive first product with the Air sedan. Among the various trims, the Air Touring may be most impressive from the bang-for-the-buck factor, but we did find room for improvement. Check it out at Headlight.News.
Production initially limited, but long-term plans target substantial growth for the Saudi-backed EV maker. Get more details about the new facility at Headlight.News.