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Benzinga
Benzinga
World
Rachit Vats

Lucid To Hike EV Prices From June, Sticks To Lowered 2022 Target As Supply Issues Linger

Lucid Nasdaq Lucid Group, Inc. Supply chain electric vehicles

Lucid Group Inc (NASDAQ: LCID) said on Thursday it would increase the prices of its electric vehicles from June and stick to its lowered production target for 2022 that it had provided in March due to supply chain issues.

What Happened: The premium EV startup said it would honor the current pricing for existing reservation holders, as well as any new reservations made until May 31.

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