Lucid CEO resigns, new CEO takes over

Lucid CEO Peter Rawlinson has resigned from his position to become a strategic technology advisor to the chairman of the board. His position will be taken over by Chief Operating Officer Marc Winterhoff. Lucid plans to launch three mid-size electric vehicles, of which the design and engineering plans for the first two have been approved. The first mid-size vehicles will begin production in the second half of 2026.