Lucid Motors CEO Peter Rawlinson is stepping down. In an official press launch, it was introduced that he’ll proceed to be concerned with the corporate because the Strategic Technical Advisor to the Chairman of the Board, however will quit his CEO tasks instantly.
This information has shocked many, together with these inside the firm. The Board of Administrators has appointed Chief Working Officer Marc Winterhoff because the interim CEO whereas a seek for a everlasting substitute is carried out.
Rawlinson has been with Lucid since its official launch in 2016. He didn’t present particular causes for his choice to step down, however indicated that it was merely time to take action. “Now that now we have efficiently launched the Lucid Gravity, I’ve determined it’s lastly the precise time for me to step apart from my roles at Lucid,” mentioned Rawlinson. He expressed satisfaction within the achievements of the Lucid workforce over his tenure, noting that the corporate has reworked from a small startup with formidable targets into a frontrunner in sustainable mobility know-how. He emphasised that Lucid’s success has all the time been a workforce effort, and it’s now time for him to move the management to that workforce.
His departure coincides with the approaching supply of the long-awaited Gravity, which was first revealed in 2020. The manufacturing model made its debut in late 2023, though it has not but reached dealerships. Orders are presently open for the Grand Touring trim, beginning at $94,900, whereas the Gravity Touring, beginning at $79,900, shall be obtainable in late 2025.
Rawlinson’s resignation comes throughout a time of uncertainty relating to the way forward for totally electrical autos, mixed with a possible decline in demand. However, he leaves the corporate on a excessive observe, with gross sales having reached 10,241 items—a rise of 71 % in comparison with 2023.
Interim CEO Marc Winterhoff commented, “Lucid’s know-how management is now well-established and our roadmap well-defined. I’m honored to step into this position as we enter the following stage in our transformational journey, and I look ahead to capitalizing on the great alternative this presents. Our workforce stays centered on ramping up manufacturing of the Lucid Gravity, making ready for the launch of our three midsize platform autos, and persevering with improvement of our low-cost Atlas drive unit whereas aggressively lowering prices.”
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