Electric car maker Lucid on track for 2022 production target, CEO says


FILE PHOTO: CEO Peter Rawlinson speaks with a reporter at the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. REUTERS/Caitlin O'Hara/File Photo

CASA GRANDE, Ariz. (Reuters) - Luxury electric car maker Lucid Group is on track to meet its production targets for 2022 and 2023 and is pushing to achieve this year's goal of 577 vehicles, its chief executive said.

The California-based startup, which went public via a shell company this year, has secured $4.4 billion it needed until the end of next year but would not wait until then to raise more cash, Peter Rawlinson told Reuters.

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