Hyperdrive
Lucid Motors CEO Rawlinson Confronts ‘Havoc’ in Supply Chain
- Electric-car maker looks for new chip suppliers amid shortage
- Company exected to raise $4.4 billion through SPAC merger
This article is for subscribers only.
Lucid Motors Inc., the Saudi-backed electric-vehicle startup waiting to go public via a blank-check company, is facing supply chain disruptions and delays amid a global chip shortage that’s impacting its path to production.
The Newark, California-based company is looking at alternative semiconductors and evaluating if those chips can work in Lucid’s existing systems, Chief Executive Officer Peter Rawlinson said in an interview with Bloomberg Television. Other parts suppliers to the startup are falling behind schedule and Lucid’s ability to assess the quality of key components has been limited by the pandemic.