Lucid Motors breaks ground on its $700 million Arizona factory
Lucid Motors today is breaking ground on its manufacturing facility. Last September, Lucid Motors secured $1 billion from Saudi Arabia’s sovereign wealth fund, which the business stated at the time would be used to finance the industrial launch of the Lucid Air.”The Lucid Air is a cutting-edge electric car developed, engineered, and predestined for manufacture entirely in America,” said Peter Rawlinson, CEO, and CTO, Lucid Motors.
Lucid Motors today is breaking ground on its manufacturing facility. Last September, Lucid Motors protected $1 billion from Saudi Arabia’s sovereign wealth fund, which the company said at the time would be used to finance the business launch of the Lucid Air.”The Lucid Air is an advanced electrical lorry developed, engineered, and predestined for manufacture completely in America,” stated Peter Rawlinson, CEO, and CTO, Lucid Motors.