Lucid delays midsize EV launch to 2027 as part of turnaround plan

Electric vehicle maker Lucid has announced it is delaying the launch of its midsize EV to 2027 as part of a broader turnaround plan. CEO Silvio Napoli stated: "We will not repeat the mistakes of the past by bringing a product to market before it is ready." The delay is one of several measures aimed at stabilising the company.