KORE Power to build $500 million manufacturing facility in Buckeye

In May, KORE Power had three possible suitors for a manufacturing facility for its lithium-ion battery cells: Arizona, Florida and Texas. Today, the company made its final decision. “At the end of the day, we selected Arizona,” KORE Power CEO Lindsay Gorrill said.  The facility will be built in Buckeye, near MC 85 and Interstate … Read more

Mesa a “natural choice” for US headquarters of Canadian-based Exro Technologies

Exro Technologies, a power technology firm based out of Calgary, Alberta, has announced it will establish its U.S. headquarters in Mesa — evidence of the company’s momentum and growth.  Canadian-based Exro is a leading clean technology company that has developed a new class of power electronics for electric motors and batteries. Its Coil Driver technology … Read more

Lucid Motors debuts on Wall Street after fluke with merger vote, plans to expand Arizona factory

Lucid Motors

It didn’t go according to the original plan, but Lucid Motors Inc. began trading as a public company on Monday, after shareholders approved a merger with a special-purpose acquisition company (SPAC) last week. Lucid and Churchill Capital Corp. IV, the SPAC, are officially merged and are now known as Lucid Group Inc. (NYSE: LCID). The … Read more

Lucid Motors’ Air on track for second half start of production

Lucid Motors

Lucid Motors, the Newark, California-based company that operates a factory in Casa Grande, is on schedule to begin production and deliveries of its debut EVs, like Lucid Air, this year.  Bloomberg reported that Lucid CEO Peter Rawlinson told investors on a call Tuesday that “testing and validation of Lucid Air is progressing well” and the … Read more

GCU grad bringing Tesla battery technology to … longboards

longboards

We know techies love electric cars, but have you ever considered electric longboards? What if you found out you could hit 30 miles per hour? Westin Smith, the founder of Lux Longboards, is making all your kid dreams a reality.  Many entrepreneurs’ ideas stem from a problem to solve. In Smith’s case, he was an … Read more

What’s going on with EV in AZ? Here’s the latest

Arizona is quickly becoming a hub for electric vehicle manufacturing and the rest of the country is taking note.  There’s so much going on with major EV companies here, including Lucid Motor Company, Nikola and Atlis Motor Vehicles, that it’s hard to keep up. Thankfully, we’ve done the work so you can get up to … Read more

22 of Arizona’s major tech developments in May

Arizona saw some big tech developments in May, from expansion, acquisitions and life-saving partnerships to raising millions for local and regional startups. Another possible TSMC expansion in Arizona Taiwan Semiconductor Manufacturing Co., the world’s largest chipmaker, may expand even more in Arizona. Reuters reported in early May that sources familiar with TSMC’s expansion plans said … Read more

Lithium-ion battery recycling plant coming to Gilbert

Li-Cycle, the largest lithium-ion battery recycler in North America, has announced plans to build its third recycling facility in Gilbert.  This “Spoke 3” facility will be able to process up to 10,000 tons of dead batteries and battery manufacturing scrap a year. The company’s other two “spokes,” or facilities, are located in Rochester, N.Y., where … Read more

Lucid Motors on its way to becoming a publicly traded company

Lucid Motors

Lucid Motors announced a merger agreement Monday night with special-purpose acquisition company (SPAC) Churchill Capital IV Corp. (CCIV) propelling the EV company toward an IPO.  After the announcement, CCIV stocks plummeted for two days in a row, closing down 18.5% at $28.70 a share on Wednesday. As part of the deal, Lucid will receive approximately … Read more