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PIF-backed Lucid Motors constructs first phase of EV factory

RIYADH: Lucid Motors, the Californian electric vehicle (EV) carmaker part-owned by Saudi Arabia’s Public Investment Fund (PIF), has completed the first phase of construction of its factory in Casa Grande, Arizona and is aiming to start production on its first cars in spring 2021.

“We broke ground on the 590-acre Lucid AMP-1 site in Casa Grande on Dec. 2, 2019, and slightly less than a year later we have completed the first purpose-built EV factory in North America,” Peter Rawlinson, CEO of Lucid Motors, said in a press statement.

News source ~ Arab News