🌎 30+ NEW AI-picked share strategies for exciting international marketsUnlock Global AI Picks

EV maker Lucid recalls over 2,000 luxury sedans due to faulty component

Published 12/01/2024, 11:13
Updated 12/01/2024, 16:51
© Reuters. FILE PHOTO: A Lucid Motors facility is pictured in Costa Mesa, California, U.S.,November 1, 2023.     REUTERS/Mike Blake/File Photo

© Reuters. FILE PHOTO: A Lucid Motors facility is pictured in Costa Mesa, California, U.S.,November 1, 2023. REUTERS/Mike Blake/File Photo

LCID
-0.32%

(Reuters) - Lucid Group is recalling more than 2,000 units of its Air luxury electric sedan for potential faults in early versions of a part that could pose a safety risk due to obstructed driver vision.

The recalled units, which include Lucid Air sedans from model years 2022 and 2023, may have faulty high voltage coolant heaters (HVCH), which are responsible for supplying warm air to heat the cabin and defrosting.

"Lack of defrost capability poses a safety risk due to a possibility of obstructed driver vision," Lucid said in a recall report on Friday, adding that the HVCH were supplied by German company Webasto AG.

A software update will be made over-the-air by the middle of this month to identify and warn drivers if the component has failed, the EV maker said, adding that Lucid service centers will replace faulty HVCH parts.

Lucid delivered 6,001 vehicles in 2023 and 4,369 units in 2022.

The EV maker's shares closed at their lowest on Thursday after deliveries and production fell in the fourth quarter from a year earlier.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

LCID: A Bull or Bear Market Play?

Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year..

In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.

With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

So if LCID is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

Unlock ProPicks now

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.