Lucid reported the production of 2,314 vehicles and the delivery of 1,406 units in Q1, down from 3,493 and 1,932, respectively, in Q4. The EV company laid off 18% of its staff (~1,300 employees) in March as it restructured to cut costs.
The average price for an electric vehicle in the U.S. went up by $323 to $58,940 in March versus the previous month, according to Kelley Blue Book. But there may be a change in EV prices in April, as Tesla lowered the Model 3 by $1,000 and the Model Y by $2,000.
Boeing reported that its production volume would be reduced as a parts supplier, Spirit AeroSystems, notified the aircraft company of a "non-standard" manufacturing process used on two fittings in aft fuselages for the 737 Max 8, among other models. Boeing delivered 130 aircraft in Q1.
Renault announced an agreement with Verkor for 12 GWh of battery cells for its planned premium EVs. In March, the automaker was negotiating with banks in relation to the initial public offering of its EV brand, Ampere.
The U.K.'s Local Electric Vehicle Infrastructure Fund is investing £35.7M (~$44.6M) in EV charging in London. The city expects to have between 40,000 and 60,000 EV chargers by 2030.
Chinese real estate group Evergrande's New Energy Vehicle division is seeking $4.2B to maintain operations. The EV division laid off 320 of its 340 employees in March.
JetBlue is cutting its flights between Newark Liberty and Boston Logan to zero for July and August, from 45 this month. The FAA is allowing airlines to request a reduction in airport slots to ease flight congestion this summer.