EV Maker Lucid Cuts Production Outlook in Half

Electric-vehicle maker

Lucid Group Inc.


LCID 4.21%

said it expected to make half as many cars as previously forecast this year, citing supply-chain and logistical challenges that have troubled the wider auto industry.

The California-based company on Wednesday slashed its 2022 production target for the second time this year. Lucid now projects making between 6,000 and 7,000 vehicles. It first lowered a…

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