Lucid CEO Peter Rawlinson said the job cuts will hit “nearly every organization and level, including executives.”
Asia, especially China, is an area of certainty amid global uncertainty, according to an annual economic outlook report released at the Boao Forum in Hainan.
Ratings agency Moody’s said Wednesday it maintained a “negative” outlook on China’s banking sector due to a drawn out recovery from Covid controls.
The company plans to deliver 10 million fully electric vehicles by 2030.
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