Electric car maker Lucid Group said it would be recalling more than 200 of its premium sedans over possible safety concerns, sending its stock down nearly 5%.
The California-based company said it was possible that the A-pillar damper – a part used in the suspension – in its sedans was improperly assembled by a supplier.
The company is not aware of any failure of any part in its electric vehicles, but it expects said damper to be incorrectly installed in about 1% of potentially affected vehicles.
The company began production of the $169,000 electric sedan last September, after delays caused by quality issues. It has since shipped a small number of electric vehicles.
Source: ixbt
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
