Rivian, Lucid 2024 production targets disappoint as EV demand wanes

Lucid Gravity during testing 2023 — Lucid will launch production of its Gravity SUV later this year.

By:

Reuters

February 22, 2024 10:58 AM

Electric-vehicle startups Rivian and Lucid forecast 2024 production well below analyst estimates on Wednesday as persistently high borrowing costs keep consumers from buying relatively pricier battery-electric vehicles.

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