Lucid Motors founder and CEO Peter Rawlinson will step down, as the luxury EV company sets its sights on doubling production over the next year.

Electric-vehicle maker Lucid Group said on Tuesday that CEO Peter Rawlinson is stepping down. Lucid forecast its vehicle production will more than double this year.

Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson has stepped down. The company expects to more than double vehicle production this year to 20,000 units. For the period ended Dec.

Shares of Lucid Group Inc. shot up in after-hours trading Tuesday after the luxury EV maker narrowed its quarterly loss and announced a CEO change.

Lucid Motors chief executive Peter Rawlinson has stepped down from the Saudi-backed electric-vehicle maker as it prepares to double production and introduce an SUV model in an effort to reverse a steep decline in its share price.

Lucid Motors is changing CEOs for the first time in nearly six years. The company announced Tuesday that Peter Rawlinson is stepping down from the CEO and

In a surprising move, Lucid Motors CEPO Peter Rawlinson stepped down before the Q4 2024 earnings call, as the company reported widening losses

In recent years, Lucid chief executive Peter Rawlinson has become the face of the innovative electric vehicle brand, but soon after the Gravity SUV was launched, the British engineer stepped aside. Current chief operating officer Marc Winterhoff will replace him on an interim basis as Lucid’s board looks for a permanent new CEO.

Lucid Group named Operating Chief Marc Winterhoff as its interim chief executive officer, succeeding Peter Rawlinson, who has stepped aside from the company’s top role.