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Lucid Motors has announced the departure of CEO Peter Rawlinson, who will transition to a strategic advisory role. Marc Winterhoff, COO, steps in as interim CEO. The company aims to produce 20,000 vehicles in 2025, doubling output from 2024, while ramping up the Gravity SUV production and expanding its technology licensing.12

Lucid Motors reported $234.5 million in Q4 revenue, exceeding expectations, alongside record deliveries of over 3,000 vehicles. The company also narrowed losses and ended 2024 with $6.13 billion in liquidity. With plans to launch midsize EVs by 2026, Lucid remains focused on scaling production and advancing its powertrain technology.34

Lucid’s new Gravity SUV has seen strong demand, with orders surpassing expectations despite limited marketing. The company is poised to grow further in 2025, aiming to expand test drive availability. Meanwhile, the EV maker’s leadership change comes as it balances scaling production and pursuing technology licensing deals.15