- Lucid Motors has broken ground on the first phase of its $700 million facility in Case Grande, Arizona.
- The company plans to begin producing its first car, the Lucid Air luxury sedan, in late 2020.
- The Lucid Air is an electric vehicle intended to be “designed, engineered, and destined for manufacture entirely in America,” says CEO Peter Rawlinson.
- Former senior director of production at Audi, Peter Hochholdinger, will head up Lucid’s manufacturing. More recently, Hochholdinger oversaw Tesla’s factory in Fremont, California.
- The Lucid Air is expected to serve as an alternative to Tesla’s luxury sedans, the Model S and Model 3.
- The company calls this investment “just a start” of what it has planned for its Arizona investments.
- The city, county and state expect 4,800 direct and indirect jobs to come from the investment by 2029, and an estimated $32 billion revenue impact for the city and county over a 20-year period.