Maritime Social

09:00

APM Terminals Mumbai has achieved a record of handling more than 2 million TEUs throughput in 2018 for the first time since the terminal was commissioned in 2006.

“I am very proud of all our employees, contractors and frontline workforce who have all worked as a

team to achieve this record performance. I am especially happy that this record has been achieved by

ensuring safe operations at all times” says Ravi Gaitonde, COO, APM Terminals Mumbai.

Backed by the growing import-export containerised trade with the world, APM Terminals Mumbai

expects to maintain the growth momentum in the coming years. It is embracing digitisation to keep up with the changing trade dynamics and increasing its efficiency aimed at supporting the Government of India’s initiative for Ease of Doing Business. Last fall, California-based electric vehicle start-up Lucid Motors ($LUCIDMOTORS) picked up a massive billion-dollar investment from the Public Investment Fund of Saudi Arabia. We reported on the deal last month, nothing that Lucid had embarked on a massive hiring spree. At the time, Lucid had already doubled the number of openings at the company.

As of today, however, openings at Lucid are now up more than 300% since the capital infusion.

In October, Lucid Motors was hiring around 50 people. Today, it lists 180 openings across multiple

categories.

The most common category of job openings at Lucid is for Manufacturing followed by Mechanical

Engineers. A brief look at the overall nature of Lucid’s openings and it’s clear that the company is quite busy building its Tesla-rival sedan.

This news also comes in the wake of massive layoffs at General Motors. Interestingly (ironically?), GM says that its labour-force divestments are due to a new focus on autonomous and electric vehicles. So far, however, there has been little to no hiring at GM to indicate that is, indeed, a fact, however.

It’s still too early to say if Lucid Motors will pose a threat — or become a rival at all — to Tesla, Elon

Musk’s EV company that has a major head start and, for scale comparison’s sake, is currently hiring more than 2,300 people. Compared to Lucid’s 80 openings, one can see where the two companies differ in their life cycles. Tesla is already busy servicing second-time customers while Lucid hasn’t put its first vehicle on the road just yet.