New lucid electric cars are guaranteed in front of a Lucid studio exhibition hall in San Francisco on May 24, 2024.
Justin Sullivan | Getty images
Electric vehicle manufacturer Lucid group On Tuesday, the CEO Peter Rawlinson will move, the company, the company is planning to produce double vehicle this year at 20,000 units.
Lucid said that Marc Winterhoff, currently director of the company’s exploitation, would intervene as an acting CEO. Rawlinson will serve as a “strategic technical advisor to the chairman of the board of directors, moving from his previous roles,” said the company.
“I am incredibly proud of the achievements that the Lucid team has made together thanks to my mandate for the past twelve years,” said Rawlinson in a statement.
Rawlinson’s departure is unexpected. As one of the largest shareholders in the company, Rawlinson, who was also director of technology, has regularly praised his passion and participation in the car manufacturer.
Lucid’s board of directors launched a research to identify a new CEO, said the company.
The objective of change and production of the CEO was announced jointly with the financial results of the fourth quarter of the automaker. For the closed period on December 31, the company declared a net loss attributable to ordinary shareholders of $ 636.9 million, a loss of 22 cents per share, on a turnover of 234.5 million dollars.
The analysts interviewed by LSEG expected a loss of 25 cents per share on a turnover of $ 214 million.
During the same period of last year, Lucid declared a net loss attributable to ordinary shareholders of $ 653.8 million, a loss of 29 cents per share, on a turnover of 157.2 million dollars.
The production target for 2025 announced Tuesday is compared to the production of 9,029 vehicles and deliveries of 10,241 reported for 2024.
Lucid’s shares were around 10% higher during negotiations after hours on Tuesday.
From the closing of the market, the actions of the company fell by around 13% this year in the middle of the slower than expected adoption of all electric and uncertainty vehicles as to federal support for electric vehicles under the Trump administration. The title decreased by around 28% last year.
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