Lucid Motors recently held an official ground-building ceremony at its long-awaited manufacturing facility in Casa Grande, Arizona with Arizona Governor Doug Ducey.
The first phase of factory construction represents an investment of more than $300 million and is scheduled for completion in late 2020 with production of the Air to start soon after. Not only did the recent ceremony celebrate the start of construction but it also showcased Lucid’s plan for future growth and additional products.
A Long Time Coming: This Is The Factory Lucid Motors Is (Finally) Building In Arizona
“The Lucid Air is a cutting-edge electric vehicle designed, engineered and destined for manufacture entirely in America,” Lucid chief executive and chief technology officer Peter Rawlinson said. “We are proud to be moving forward on our commitment to manufacturing the Lucid Air in Casa Grande. With supportive investors, an outstanding team of designers and engineers, and a product strategy that extends well beyond the Air, we expect today to be just the start of a longstanding presence in this dynamic city.”
“Attracting a high-tech automotive manufacturer like Lucid Motors to Arizona is a testament to the talent, business environment, and geographic location our state has to offer innovative companies to help them succeed,” Arizona Governor Doug Ducey said. “I congratulate Lucid Motors, Casa Grande, and Pinal County on achieving this milestone and look forward to seeing the first vehicles roll off the production line.”
The facility will create approximately 4,800 direct and indirect jobs by 2029 and is estimated to produce $32 billion in revenue for the city and county over 20 years. It will also generate $35.5 million in tax revenue to the city and county as well as $22.2 million in tax revenue to local school districts over the coming two decades.
The land where the Lucid factory will be located is owned by Pinal County and will be rented to Lucid Motors for $1.8 million each year. The electric vehicle manufacturer will have the opportunity to purchase the land in five years.
The car manufacturer had hoped to build the site back in 2017 and commenced production of its first model in 2018 but a host of delays pushed back those plans. A $1 billion funding injection from Saudi Arabia’s sovereign wealth fund last year has played a significant role in getting the company back on track.