Lucid Motors is changing CEOs for the first time in nearly six years. The company announced Tuesday that Peter Rawlinson is stepping down from the CEO and

The firm has set a production target of around 20,000 vehicles for 2025, up from 9,029 vehicles reported in 2024.

Lucid said COO Marc Winterhoff will be chief executive on an interim basis. The company’s stock rose 6 percent in after-hours trading on the news.

Lucid Group (LCID) reported market-beating results for its fourth quarter of 2024 on Wednesday, Feb. 26. In the earnings release, the company also revealed plans to produce 20,000 vehicles this year – more than double the number of units it produced in 2024.

Electric-vehicle maker Lucid Group said on Tuesday that CEO Peter Rawlinson is stepping down. Lucid forecast its vehicle production will more than double this year.

Lucid Motors founder and CEO Peter Rawlinson will step down, as the luxury EV company sets its sights on doubling production over the next year.

Peter Rawlinson, the CEO of EV maker Lucid, announced he would be stepping down after more than five years in that role.

Lucid Group named Operating Chief Marc Winterhoff as its interim chief executive officer, succeeding Peter Rawlinson, who has stepped aside from the company’s top role.

Peter Rawlinson is stepping down from the operational management of electric car manufacturer Lucid. Rawlinson will remain on board as a strategic and

Peter Rawlinson, who has led Lucid for more than a decade, cited the successful launch of the Lucid Gravity SUV as the right moment for his transition to a new advisory position.