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.

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

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.

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

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

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 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.

Peter Rawlinson has stepped down as Lucid Motors’ chief executive as the EV automaker plans to double production in 2025.

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.

Electric-vehicle maker Lucid Group said on Tuesday its Chief Executive Officer Peter Rawlinson will step down from the role, sending the company's shares up 6% in extended trading.