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

Lucid Motors looks to grow workforce from 600 to 1500 employees in Arizona in 2021

Lucid, a Tesla-like EV startup, plans 1,500 jobs in Arizona by the end of this year. The Silicon Valley company currently has three buildings in Arizona, including the main manufacturing facility in Casa Grande.  Arizona provides close proximity to Lucid’s headquarters in Newark, California. The company employs 600 people in Arizona now, but plans to … Read more