Lucid Motors today is breaking ground on its manufacturing facility. Last September, Lucid Motors secured $1 billion from Saudi Arabia’s sovereign wealth fund, which the company stated at the time would be used to fund the commercial launch of the Lucid Air.”The Lucid Air is a cutting-edge electric car designed, engineered, and destined for manufacture totally in America,” said Peter Rawlinson, CEO, and CTO, Lucid Motors.
Lucid Motors today is breaking ground on its production facility. Found in Casa Grande, Arizona, the factory will be used to develop the Lucid Motor Lucid Air electric sedan. According to the business, production will
start in late 2020. This groundbreaking is the most recent action taken by Lucid Motor towards getting the Lucid Air on the streets. Previously this year, the business worked with Peter Hochholdinger to direct its production operations. Hochholdinger concerned Lucid Motors after a two-year stint at Tesla, where he oversaw its Fremont, CA factory along with other sites around the world. Before < a class="crunchbase-link"href="https://crunchbase.com/organization/tesla-motors"target =" _ blank "data-type="organization"data-entity="
tesla-motors”> Tesla, he was a senior director of production at Audi. Last September, Lucid Motors protected $1 billion from Saudi Arabia’s sovereign wealth fund, which the business stated at the time would be utilized to finance the business launch of the Lucid Air. Lucid Motors it will invest over $700 million into the Casa Grande factory by the mid-2020s.
“The Lucid Air is a cutting-edge electric vehicle designed, crafted, and predestined for manufacture entirely in America,” said Peter Rawlinson, CEO, and CTO, Lucid Motors.”We are happy to be progressing on our dedication to manufacturing the Lucid Air in Casa Grande. With encouraging investors, an impressive team of designers and engineers, and an item technique that extends well beyond the Air, we expect today to be simply the start of a longstanding existence in this dynamic city.”
Lucid Motor’s Casa Grande center is stated to result in roughly 4,800 direct and indirect tasks by 2029. It’s likewise estimated to produce $32 billion income impact for the city and county over 20 years.
Arizona Governor Doug Ducey said in a rebased declaration that attracting a high-tech automotive company such as Lucid Motors is a testimony to Arizon’s skill, organisation environment, and geographical location.
Lucid Motors says it picked this location after a search that consisted of 13 US states and 60 websites. It states that it chose the location based on organisation environment, facilities, talent, area, and the Arizona-Sonora area’s automobile supply chain.
Lucid Motors was founded 10 years ago with a various name and mission. Called Atieva, the company focused on electrical automobile battery technology until 2016 when it altered its name as it moved to producing electric cars.