Welcome to the latest edition of the EV Universe Electric Newsletter #013, your go-to source for all things electric vehicles!
In each edition, we take a closer look at the exciting developments in the EV world and dive into the latest news and trends shaping the industry. From the latest makes and models to advancements in electrification, to innovative accessories and technologies, we’ve got you covered.
Join us on this journey. Let’s explore the future of sustainable transportation and its electrifying impact on our world. In this edition, we are covering the Ford reopens F-150 Lightning orders, Faraday Future starts production of FF 91, and Lucid planning cost-cutting efforts.
“Ford Reopens F-150 Lightning Orders with Higher MSRPs: Latest Updates on EV Production and Price Hikes“
- Ford has resumed taking orders for the F-150 Lightning pickup, following a brief halt in production due to a battery issue in February.
- Ford is increasing production of the F-150 Lightning at its Rouge Electric Vehicle Center in Michigan, with plans to produce three times as many Lightnings and twice as many Mach-Es this year as they did last year.
- The MSRP of the F-150 Lightning is increasing due to factors such as rising material costs, market conditions, and supply chain constraints.
- The MSRP of the F-150 Lightning Pro is also increasing.
- Ford aims to produce 150,000 EVs at its Rouge facility by the fall and plans to open retail orders for the F-150 Lightning for the first time in late spring.
“Faraday Future Starts Production of FF 91 Futurist Electric Vehicle”
- Faraday Future has started production of the FF 91 Futurist electric vehicle at its Hanford, California factory.
- Faraday Future faced financial troubles, delaying production and shipping of its first vehicle.
- The FF 91 Futurist has 1,050 horsepower, 381 miles range, and a 0-60 mph time of 2.27 seconds.
- Faraday Future will sell the FF 91 Futurist in the US and China. US deliveries are scheduled to begin in April 2023.
- Faraday Future will hold the FF 91 Futurist’s final launch event on April 26th.
“Lucid Plans to Cut 18% of Workforce in Cost-Cutting Efforts: Latest Updates on Layoffs and Company Challenges“
- Lucid Motors is planning to lay off 18% of its employees.
- The layoffs are due to cost discipline and will impact every organization and level of the company.
- Impacted employees will receive a severance package that includes access to career resources, healthcare coverage continuation, and acceleration of equity.
- Lucid is one of the many tech and mobility startups that are laying off employees to cut costs and manage their bottom lines.
- Lucid has been struggling with manufacturing and production, leading to several internal initiatives to boost sales, marketing, and brand recognition.