Lucid expects to produce more than 10, 000 cars this year, before it is expected to produce 14000.

FAP, May 9 / PRNewswire-FirstCall-Asianet /-- after poor performance at the beginning of the year, U.S. electric car maker Lucid Group Inc. Car production is expected to reach only the lower edge of its annual production plan this year, in the latest setback for the electric carmaker, which is grappling with job losses and supply chain problems. The company will produce "more than 10,000" luxury cars this year, according to a statement released on Monday, detailing first-quarter results. Lucid had expected to produce as many as 14000 cars. The revised plan came after lower-than-expected output at the start of the year. Lucid said last month that it had produced 2314 electric vehicles during that period, below Wall Street expectations.