Lucid Motors has waited in recent years to demolish the ground in a brand new factory in Casa Grande, Arizona, and the EV startup was finally able to set things in motion at the end of last year after it had a $ 1 billion financing round from Saudi Arabia locked. Now, The edge has obtained the first images of what that factory will look like after they were submitted to the Planning and Development department of Casa Grande this week.
It is large! And white! Maybe not surprising … it looks like a factory!
In all seriousness, although Lucid Motors looks like it has around 21 million square feet to play with, according to the city's master plan. But it starts on this site with 820,000 square feet of factory space. And instead of a shiny tourist attraction, such as Faraday Future once hoped to build outside of Las Vegas, Nevada, this building seems much more suited to the needs of a cash-hungry car startup trying to get a luxury electric sedan (the Lucid Air ) in production at the end of next year.
Lucid Motors does not own the land on which it will build; instead, Pinal County purchased the nearly 500-hectare site and will lease it to the EV startup, with the goal of ultimately transferring it. Pinal County raised $ 29.94 million through bonds to buy land, and Lucid Motors pays $ 1.8 million a year in rent before they get the chance to buy the land in five years.
Pinal County and the city of Casa Grande count on the plant to deliver 3,230 direct and indirect construction sites during the first five years, according to a third-party economic analysis carried out at the end of 2018. In 20 years, the plant is expected to generate 4,800 direct and indirect jobs, $ 33.5 million in tax revenues to the city and county, and $ 22.2 million in tax revenues to local school districts.
According to the director of Casa Grande, he expects the company to be groundbreaking before the end of this year Casa Grande shipment. Lucid Motors marketing manager David Salguero said the company started reviewing the country, but declined to comment.