Lucid Group, the prominent electric vehicle maker, announced several pivotal changes in its leadership and production strategy. On January [date], the company revealed that it produced 9,029 vehicles and delivered 10,241 cars in 2024. CEO Peter Rawlinson is stepping down from his role amid these developments. Marc Winterhoff, the current Chief Operating Officer, will assume the position of interim CEO. Rawlinson will remain with the company as a strategic technical advisor to the chairman of the board.
In the fourth quarter of 2024, Lucid Group produced 3,386 units and delivered 3,099 vehicles, reflecting a steady performance. The company released these figures in January, demonstrating a commitment to transparency as it navigates significant changes. Looking forward, Lucid Group expects to more than double its vehicle production in 2025, aiming for an ambitious target of 20,000 units.
Peter Rawlinson's decision to step down comes as part of the company's strategy to adapt to anticipated shifts in production and delivery numbers. Under his leadership, Lucid has made substantial strides in the electric vehicle market. However, with the company's sights set on substantial growth, Rawlinson will now focus on providing strategic technical advice to support the company's long-term objectives.
Marc Winterhoff, who will step in as interim CEO, brings a wealth of experience to his new role. As COO, Winterhoff has been instrumental in managing operations and will now guide Lucid Group through this transitional phase. His leadership is expected to drive the company's efforts to meet the ambitious production goals set for 2025.
The electric vehicle industry is witnessing rapid growth, and Lucid Group's plans to more than double its production are a testament to its commitment to innovation and expansion. With Rawlinson's continued involvement in a strategic capacity and Winterhoff at the helm, Lucid aims to solidify its position as a leader in the market.