Electric car maker Lucid Group Inc. cut its 2022 vehicle-production target, underscoring the twin challenges of global supply-chain snags and the transition from startup to mass production.
Lucid said Monday that it expects to build 12,000 to 14,000 of its luxury Air sedans this year, down from a previous estimate of 20,000 vehicles. The company cited supply-chain constraints and logistical challenges, without providing specifics.
