Hello, tech enthusiasts! Big news is buzzing around the electric vehicle world today as Lucid Motors makes a significant leadership change.

After almost six years at the helm, Peter Rawlinson is stepping down from his roles as CEO and CTO. This announcement marks a crucial transition for the company, which has been striving to make its mark in the competitive EV market.

Marc Winterhoff, who previously served as the chief operating officer, will step in as the interim CEO while Rawlinson takes on the role of a strategic technical advisor.

Lucid Motors is at a pivotal moment, having just launched its highly anticipated Gravity SUV, which the company hopes will boost its sales figures significantly. However, the Air sedan, its first vehicle, has faced challenges in meeting sales expectations.

Rawlinson expressed pride in the team’s achievements over the past twelve years, stating, “We grew from a tiny company with big ambitions to a technological leader in sustainable mobility.” Under his leadership, the company has indeed evolved, facing highs and lows along the way.

In terms of financial health, despite delivering over 10,000 EVs last year, Lucid Motors suffered substantial losses totaling around $2.7 billion. The company is aiming to double its production numbers in 2025, eyeing a target of around 20,000 electric vehicles.

As this leadership change unfolds, all eyes will be on how Lucid Motors navigates its path forward in this rapidly evolving industry.