Lucid lays the foundation stone for its new factory in USA

Lucid lays the foundation stone for its new factory in USA, where the American car company “Lucid Motors” recently announced its desire to expand globally by establishing its own factories in order to manufacture its upcoming electric cars, and it seems that USA was the first station of the emerging American company.

Lucid lays the foundation stone for its new factory in USA

Lucid lays the foundation stone for its new factory in pursuit of global expansion, as the LUCID brand announced the establishment of a new factory in the of USA. On May 18, Lucid announced the signing of a development lease contract with Emaar the Economic City for a period of up to 25 years, at a value of 113.5 million

LUCID has already started the construction of its new plant, which will be a very important hub for the global expansion strategy of the emerging electric car maket,

It is worth noting that Lucid had announced late on the completion of a new deal for it to sell 100,000 electric cars to the government of the USA over the next ten years.

The idea of ​​establishing a new factory for the electric car company Lucid, a direct competitor to Tesla , comes nearly five years after the establishment of its first factory in the US state of Arizona, and thus, under this deal, which amounted to more than one billion dollar.

On the sidelines of the deal signing ceremony, the CEO of the LUCID brand, “Lucid Peter Rawlinson,” thanked the Public Investment Fund, which provided all means of support to achieve the goals, at a time when the company lacked the financial capacity.

The new Lucid plant in USA is expected to meet the growing demand for its cars, by increasing the company’s production capacity in the middle of the current decade to 500,000 electric vehicles annually, in addition to providing financial incentives with a total value of $3.4 billion over the 15 years. coming.

Lucid’s new factory supports the auto industry in USA

The manufacturing facility will be able to produce 155000 vehicles a year, and will initially serve the local market, the luxury car maker said.

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