Lucid Motors completes $700M factory for its first electric vehicle
Electric automaker Lucid Motor has completed the first phase of its $700 million factories to produce its first all-electric luxury air sedan in Arizona.
The factory has the capacity to produce 30,000 vehicles a year and is located about halfway between Tucson and Phoenix. If the company attracts its bid to attract buyers then the factory will expand from its current 999,000 square feet to more than 5 million square feet. Once it is fully built the factory will have the capacity to build 400,000 vehicles a year.
The company is already getting ready to start its construction on the next phase of the factory early next year that will be used to produce its next vehicle, an all-electric SUV in 2023. It is planning to establish the factory that will be of 590 acres in 4 phases through 2028.
Lucid says it has already produced a “full beta prototype test fleet” and is now transitioning to the construction of “production representative” versions of the Air. The company hopes to expand the factory to begin production of its SUV, codenamed “Project Gravity,” by 2023.
Lucid Air electric sedan sales in 2021 ranges 832 km
Earlier the Lucid Motors announced that it aims to commence the sales of its first luxury sedan electric car, Lucid Air in early 2021. The Lucid Air has an estimated range of 517 miles which is 832 km.
Lucid Chief Executive Peter Rawlinson said that the Air in starting will be priced at $100,000 and lower price models will come later on. Lucid is Newark, California based and founded in 2007 as Atieva Inc by former Tesla executive Bernard Tse and entrepreneur Sam Weng.
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