Lucid Motors Marks Official Start Of Construction Of Its Plant

Through an investment of more than $300 million, Lucid should be able to start production within a year from now.

Lucid Motors, accompanied by Arizona Governor Doug Ducey, announced the start of construction of its electric vehicle manufacturing facility in Casa Grande.

The first phase of the factory construction is scheduled for completion in late 2020 and will cost more than $300 million.

“The event, designated a “ground-building” ceremony because it serves as a symbol of Lucid’s long-term commitment to the region, celebrates not only the start of construction but also Lucid’s plan for continuous growth and future products.”

The company expects that by the mid-2020s, including the following phases, the total capital investment will exceed $700 million.

“The factory is expected to have a positive economic impact on the city, county, and state, including:

  • Approximately 4,800 direct and indirect jobs by 2029
  • Over $700 million in capital investment by Lucid by the mid-2020s
  • An estimated $32 billion revenue impact for the city and county over a 20-year period
  • Training programs and new curriculums at local community colleges”

The first all-electric model from Lucid will be the Lucid Air, but the facility is envisioned to handle the production of “multiple” models.

Taking into consideration the size of the building (visualized below) we are not expecting any high volume of sales though. Lucid aims at the luxury segment, after all.

Lucid Motors’ factory in Arizona (visualization)