Lucid CEO steps down; EV maker plans to more than double production in 2025

Core Insights - Lucid Group's CEO Peter Rawlinson is stepping down as the company anticipates more than doubling vehicle production to 20,000 units in 2025 [1] - In 2024, Lucid reported production of 9,029 vehicles and deliveries of 10,241 cars, with fourth-quarter production of 3,386 units and deliveries of 3,099 vehicles [1] Leadership Changes - Marc Winterhoff, the current COO, will take over as interim CEO following Rawlinson's departure [2] - Rawlinson will transition to a role as a strategic technical advisor to the chairman of the board [2]