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Lucid's new CEO, Silvio Napoli, stated that the EV maker launched its first two car models before they were ready, leading to customer dissatisfaction. As a result, the company is delaying the launch of its third model to ensure quality.
Lucid Group has appointed global leadership veteran Silvio Napoli as its permanent CEO, following the completion of a leadership transition.
Electric vehicle maker Lucid Motors has secured $750 million in new funding, including investments from Uber and Saudi Arabia's Public Investment Fund. The company also announced the appointment of Silvio Napoli as its new CEO.