| 2:33 PM EST

Lucid Motors Breaks Ground on Arizona Factory

Electric vehicle startup Lucid Motors aims to have the first phase of construction completed within a year for its assembly plant in Arizona.
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Electric vehicle startup Lucid Motors Inc. has broken ground at the site of its planned factory in Casa Grande, Ariz., and aims to have the first phase of the facility completed within a year.

The plant initially will encompass 82,000 sq ft. Lucid eventually hopes to expand the facility to 21 million sq ft with annual capacity to build 130,000 vehicles, according previous reports.

The company’s first model will be the high-performance Air electric sedan (pictured), which claims a top speed of more than 200 mph and a 400-mile-plus driving range. Lucid currently is building prototypes of the EV at its Newark, Calif., headquarters.

Last year Lucid secured more than $1 billion from Saudi Arabia’s Public Investment Fund.

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