Close Menu
  • Home
  • AI
  • Business
  • Crypto
  • Entertainment
  • Finance
  • LIfe
  • Market
  • Sports
  • US
  • Tech

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Bosch Ventures is turning attention to North America with a new $270 million fund

May 8, 2025

Trump’s trade teeth lift markets and movement fees evaporate

May 8, 2025

US attacks first trade deal with the UK with “groundbreaking deal” | International Trade News

May 8, 2025
Facebook X (Twitter) Instagram
XMcnx
  • Home
  • About Us
  • Advertise with Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Home
  • AI
  • Business
  • Crypto
  • Entertainment
  • Finance
  • LIfe
  • Market
  • Sports
  • US
  • Tech
XMcnx
Home » Lucid Motors’ gravity SUV dealing with early “hiccups,” says the interim CEO.
Tech

Lucid Motors’ gravity SUV dealing with early “hiccups,” says the interim CEO.

By supportMay 8, 2025No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Lm250408 Gpd 2.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


According to interim CEO Marc Winterhoff, Lucid Motors has been working through several high-quality “hiccups” in the early stages of delivering the much-anticipated electric SUV.

“It’s true that there were some technical issues around software that we had to overcome,” Gravity Heads-Up Display said in a conference call Tuesday. “There were some hiccups. Very frankly, I think this is absolutely normal in the first stage of starting the vehicle.”

In particular, Winterhoff cited supply chain issues with Gravity’s head-up display as the cause of the trouble. The company has regained that option for now while working with suppliers to increase production of parts.

Winterhoff said these early quality obstacles are the slowest reason why Lucid is causing gravity to showroom locations that contain the SUVs that should be used for test drives. However, he said the company is “knocking those (issues).”

“I want to push days or weeks out, rather than putting half-hearted products in front of customers,” he said.

Lucid’s first SUV arrives at a critical time for the company. So far, no air sedans could be sold anywhere near the level they once promised to Wall Street. The total loss so far is now over $13 billion, according to a new regulator’s filing. And in February, the long-term CEO suddenly resigned, leading to the establishment of Winterhoff.

Gravity was originally supposed to be on the market in 2023. The launch was brought back to a year thanks to the disruption caused by the community pandemic. Lucid technically began offering Gravity SUVs in late 2024, but only for employees and people close to the company.

TechCrunch Events

Berkeley, California
|
June 5th

Book now

The SUV, which now starts at $94,000 and has earned the 450-mile range, has begun shipping to patrons in recent weeks. However, progress has slowed down thanks to some of these early production challenges.

Lucid said he does not expect to increase delivery volumes until later this year. And it doesn’t just address early quality issues. Automakers of all sizes tend to address issues, big and small, as they begin construction of new vehicles. Elon Musk once told her in a 2021 interview that he told his friends to wait until Tesla was building a new car on a massive scale before buying it.

Partnership as a Service

Car sales make up the vast majority of Lucid’s business. The company often says it wants to be a supplier of EV tech for other automakers. To date, it only carved out a deal with Aston Martin, but Winterhoff teased other possible partnerships in Tuesday’s call.

The interim CEO said “several players” were reaching out to explore US “co-manufacturing” at the former Nicola plant in Coolidge, Arizona, and Lucid is currently leasing.

“The president and administration want to have a strong manufacturing sector in the United States and are looking at potential ways to leverage the assets,” he said.

Winterhoff also said Tuesday that “a sophisticated discussion with partners who said that Bright Gravity is the most located AV-enabled platform on the market.”

He said aspects such as the advanced sensor suite of gravity, redundant electrical and control architecture, and fast charging capabilities make SUVs attractive in this context. Winterhoff claimed that “multiple L4-focused software and mobility companies are clearly involved in potential collaborations.”

These potential supplementary lines can theoretically provide another revenue stream for the Ming D and its finances, as they will function to deploy vehicles built on medium-sized, more affordable platforms than late 2026.

During the early months of President Donald Trump’s second administration, the global economy became unstable, which could pose risks to businesses like The Moiid. Winterhoff said in a call Tuesday that Lucid is “valuing “its) supply chain branching” to protect vehicle price changes, tariff risk reduction and volatility.

The story previously stated that Lucid Motors has enough cash to reach the launch of a mid-sized EV platform in the second half of 2026. The company says it is liquid enough to reach mid-2026. The story was revised to reflect this.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleThe best cryptocurrency to buy at Trump’s customs warfare
Next Article Trump confirms he will sign a post-duty trade deal with the UK
support

Related Posts

Tech

Bosch Ventures is turning attention to North America with a new $270 million fund

By supportMay 8, 2025
Tech

Apple tries to delay ruling that it will prohibit cutting payments for external apps

By supportMay 8, 2025
Tech

VC Company Insight Partners Review Personal Data Stolen During a January Hack

By supportMay 8, 2025
Tech

Reddit intros new profile tools for business customers

By supportMay 8, 2025
Tech

Blusmart investors are proposing $30 million in new funds to revive Uber rivals

By supportMay 8, 2025
Tech

New court filings show that Meta executives agree that Facebook is losing to Tiktok

By supportMay 8, 2025
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Bosch Ventures is turning attention to North America with a new $270 million fund

By supportMay 8, 2025

Bosch’s venture arm has a new $270 million fund that continues its tradition of investing…

Trump’s trade teeth lift markets and movement fees evaporate

May 8, 2025

US attacks first trade deal with the UK with “groundbreaking deal” | International Trade News

May 8, 2025

US-UK Trade Contract: How is Trump’s global tariff talks formed? | International Trade News

May 8, 2025
Top Posts

Cancelling the Joy Reed Show is “mistakes”

February 26, 2025

Black melodrama has a possibility

February 26, 2025

The “Facts of Life” star died in 83

February 25, 2025

Cara Sophia Gascon joins Oscar despite social media controversy

February 25, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to XMcnx – your trusted source for insightful information about the world of Crypto, Market trends, the latest developments in the US, cutting-edge AI technologies, Tech innovations, and Finance.

At XMcnx, our mission is to provide you with timely, accurate, and relevant news and analyses that empower you to stay ahead in an ever-evolving digital world. We understand the challenges of navigating through the complexities of modern markets, technology, and financial systems. That’s why we’re dedicated to delivering high-quality content that helps you make informed decisions.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Bosch Ventures is turning attention to North America with a new $270 million fund

May 8, 2025

Trump’s trade teeth lift markets and movement fees evaporate

May 8, 2025

US attacks first trade deal with the UK with “groundbreaking deal” | International Trade News

May 8, 2025
Most Popular

TikTok announces it will go dark on Sunday without ‘definitive’ guarantees

January 18, 2025

President Trump mints $31 billion in new official $TRUMP crypto meme coin

January 18, 2025

El Salvador’s secret weapon? Stacey Herbert talks about the company’s extensive Bitcoin education program

January 18, 2025
  • Home
  • About Us
  • Advertise with Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 xmcnx. Designed by xmcnx.

Type above and press Enter to search. Press Esc to cancel.