Shares of Lucid Group Inc (LCID) climbed 5.23% in pre-market trading on Thursday, as the electric vehicle maker announced a key promotion within its powertrain division.
Lucid has promoted Emad Dlala to the position of Senior Vice President of Powertrain, effective immediately. Dlala has been with Lucid since 2015 and has played a crucial role in developing the company's cutting-edge powertrain technologies, including the drive units, power electronics, and battery systems for Lucid's vehicles.
The promotion of Dlala, who has over two decades of engineering experience, is seen as a positive development for Lucid. It reinforces the company's commitment to advancing its powertrain capabilities, which are considered among the most advanced in the electric vehicle industry.
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