Tesla Rival Lucid Motors CEO Peter Rawlinson Interview on Musk, Supply Chain - Bloomberg
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.
“Covid has wrecked havoc with our process,” Rawlinson said. “There are always going to be weak links when you have an international supply base of notionally 250 suppliers.”
Rawlinson said his supply-chain managers recognized the shortage of chips early on in the crisis. Lucid is targeting lower volumes of production, so it doesn’t need large volumes of parts. However, that means the company also has less buying power than legacy automakers because its yet to deliver a single car.
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