© Reuters. FILE PHOTO: CEO Peter Rawlinson speaks with a reporter on the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. REUTERS/Caitlin O’Hara
By Hyunjoo Jin
SAN FRANCISCO (Reuters) -The chief govt of Lucid Group Inc on Wednesday expressed concern about chip provides from China attributable to COVID-19 pandemic-related lockdowns, including that the U.S. electrical car startup is taking measures to mitigate the affect.
“My largest concern most likely is semiconductors from China and the affect of COVID in that a part of the world,” Lucid CEO Peter Rawlinson stated at a convention held by the Monetary Occasions.
He stated Lucid has distributed the situation of chip provides as a part of mitigation measures.
China’s “zero COVID” coverage has positioned a whole lot of thousands and thousands of individuals throughout dozens of cities underneath numerous levels of motion restrictions, most dramatically in Shanghai, inflicting important financial harm in China and past.
Factories in Shanghai which can be attempting to return to full swing have had their efforts difficult by authorities within the metropolis tightening a lockdown to stamp out outbreaks of COVID-19.
Tesla (NASDAQ:)’s plant in Shanghai was working effectively under capability earlier this week attributable to logistical and provide line points.