Lucid Motors breaks ground on its $700 million Arizona factory

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Lucid Motorsthese days is breaking floor on its producing facility. Positioned in Casa Grande, Ariz., the factory will be used to build the Lucid Motor Lucid Air electric sedan. According to the company, output will begin in late 2020.

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This groundbreaking is the newest action taken by Lucid Motor toward having the Lucid Air on the streets. Before this yr, the organization employed Peter Hochholdinger to head up its manufacturing operations. Hochholdinger arrived to Lucid Motors following a two-calendar year stint at Tesla, the place he oversaw its Fremont, Calif. manufacturing unit, as nicely as other web-sites around the environment. Right before Tesla,he was a senior director of creation at Audi.

Very last September, Lucid Motors secured $one billion from Saudi Arabia’s sovereign wealth fund, which the business reported at the time would be employed to finance the business launch of the Lucid Air. Lucid Motors stated it will make investments more than $700 million into the Casa Grande manufacturing facility by the mid-2020s.

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“The Lucid Air is a slicing-edge electric vehicle created, engineered and destined for manufacture solely in The united states,” mentioned Peter Rawlinson,CEO and CTO, Lucid Motors. “We are proud to be moving ahead on our commitment to producing the Lucid Air in Casa Grande. With supportive traders, an exceptional group of designers and engineers, and a item strategy that extends properly further than the Air, we anticipate now to be just the commence of a longstanding existence in this dynamic metropolis.”

Lucid Motor’s Casa Grande facility is reported to final result in about four,800 immediate and oblique careers by 2029. It is also believed to produce $32 billion profits impression for the town and county in excess of twenty yrs.

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Arizona Governor Doug Ducey stated in a assertion that attracting a superior-tech automotive company these kinds of as Lucid Motors is a testament to Arizon’s talent, enterprise natural environment and geographical spot.

Lucid Motors says it picked this location after a research that incorporated 13 U.S. states and sixty websites. It claims that it chose the area dependent on company local climate, infrastructure, expertise, place and the Arizona-Sonora region’s automotive offer chain.

Lucid Motors was launched ten decades in the past with a unique identify and mission. Then called Atieva, the corporation focused on electric powered car battery know-how right up until 2016, when it adjusted its title as it shifted to developing electric autos.

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