EV pre-orders pick up as production tightens

Lucid Motors cuts 2022 production volume

© Can Stock Photo / epantha

Electric vehicle pre-orders picked up in the second quarter at major EV manufacturers as production continues to lag behind demand.   At Newark, Calif.-based luxury EV manufacturer Lucid Motors, reservations rose 23.3% sequentially to 37,000 vehicles in Q2, representing potential sales revenue of about $3.5 billion, according to the company’s Wednesday earnings release. That’s compared to […]

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