Silvio Napoli - GoKawiil

Lucid Motors' EV production drops to lowest since early 2025

Lucid Motors produced 2,954 electric vehicles in the third quarter, marking a 54% decrease from the previous year and the lowest output since early 2025. The company also delivered 3,806 EVs, remaining steady from the previous quarter but below expectations, amid ongoing struggles to attract buyers for its luxury models. CEO Silvio Napoli has initiated cost-cutting measures, including layoffs and factory adjustments, while delaying the launch of a more affordable model, the Cosmos.

techcrunch.com · 2026-10-05

Lucid and Bolt sign non-binding deal for 25,000 robotaxis in Europe

Lucid Motors and European ride-hailing platform Bolt announced a partnership under which Bolt aims to deploy at least 25,000 fully autonomous vehicles built on Lucid's upcoming mid-size EV platform. The vehicles would use Nvidia's Hyperion compute and sensing system, though no autonomous driving software provider was named, and no orders or payments have been finalized yet.

techcrunch.com · 2026-09-17