Lucid Motors Files Plans for Arizona Factory
Silicon Valley-based electric vehicle startup Lucid Motors Inc. has formalized plans with local authorities to construct its $675 million manufacturing facility in Casa Grande, Ariz., The Verge reports.
Groundbreaking at the 500-acre site, which has been delayed several times, now is expected to take place by year-end. Lucid says it will launch production at the facility by the end of 2020.
The initial factory will encompass 82,000 sq-ft and employ about 750 people, according to plans filed with the city planning department. Lucid aims to eventually expand the facility to 21 million sq-ft with capacity to build 130,000 EVs per year. The carmaker agreed to lease the site from the county for $1.8 million per year.
This summer Lucid hired Peter Hochholdinger as vice president of manufacturing. Hochholdinger previously was a production manager for Tesla and Audi.
Lucid’s says its five-passenger Air electric sedan will have a range of more than 400 miles and a top speed of about 200 mph.
The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).
The Tesla Model 3 is certainly one of the most controversial cars to be launched in some time, with production models (a comparative handful, admittedly) presented on a stage with a throng of people treating it like it was an event with Beyoncé, Taylor Swift and Ed Sheeran, all at the same time.
Sandy Munro and his team of engineers and costing analysts at Munro & Associates were contacted by UBS Research—an arm of the giant banking and investment firm—and asked whether it was possible to do a teardown and cost assessment of the Chevrolet Bolt EV.