American automobile manufacturer Lucid Engines It recently received $ 1 billion from Arab investors to replenish working capital, and this, combined with the availability of $ 5.03 billion, allows not only to increase the production volume of the first Air model, but also to count on the introduction of the electric crossover Gravity. on the market until the end of this year. The company’s losses are gradually decreasing, but senior vice president Mike Bell (Mike Bell) leaves it.

According to Electrek’s report, Lucid Motors produced 1,727 Air electric sedans last quarter and delivered a record 1,932 units; This represents a 13% sequential increase in shipments. As announced by the company management, Lucid Motors expects to launch approximately 9,000 electric cars this year, while last year this number was limited to 8,428 copies.

Deliveries of the long-awaited Gravity electric crossovers will begin before the end of this year. The brand’s third model will later be a mid-sized electric car and will be offered with at least two main modifications. The company is optimizing costs while also increasing production volumes. The company managed to reduce its operating loss from 772.2 dollars annually to 729.9 million dollars in the first quarter, and also reduced its net loss from 779.5 dollars to 680.9 million 7 million dollars. Sedan Air dropped 27% to 1,727 units. The 2024 model year brought them some updates and a reduced price.

There were also personnel losses. Apple veteran Mike Bell (Mike Bell), who managed to work at Intel before Lucid Motors, will leave his post as the company’s senior vice president of custom software by mid-August. His duties will be temporarily handed over to Derrick Carty, who has extensive experience at Apple. It is not stated where Mike Bell will use his talents and experience in the future.