Electric car startup Lucid Motors plans to invest $700 million to build a new production facility in Casa Grande, Ariz., the automaker said today.
The Silicon Valley automaker — which recently changed its name from Atieva — will begin construction in 2017; it plans to begin work on its unnamed production car by late 2018.
“We chose Arizona because you showed genuine interest in our company from the outset,” Brian Barron, Lucid’s director of global manufacturing said at a press conference that included Arizona Gov. Doug Ducey.
