California-based electric vehicle startup Lucid Motors will be manufacturing cars in Arizona to lower costs, according to the LA Times.
Faraday too said it plans to put an electric vehicle into production within two years, and earlier this year it broke ground on its own factory in North Las Vegas, Nevada.
A news conference announcing the move featured business and political leaders along with top company officials. The as-yet unnamed first model will compete with the Tesla Model S as a luxury sedan, and should boast over 300 miles of range.
"I can't wait to drive one", Ducey said. The company is excited for this venture and aims to start production in the new plant as early as 2018.
Watson said the breaks weren't created for Lucid; they were already on the state's menu for helping companies. Tesla eventually chose a site near Reno instead. "We can stand toe-to-toe in attracting the kind of good-paying manufacturing jobs that every state in the nation is hungry for".
But not all of the facilities planned by the current crop of auto startups may get built.
While Faraday still apparently plans to unveil its first production model at CES in January, work on the factory has stopped, seemingly due to unpaid bills.
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Lucid has not revealed how much money it has raised to date, but the website Crunchbase estimates the total at $131 million.
The company last month changed its name from Atieva, under which it had been operating since 2007.
In a statement acquired by Forbes, Lucid Motors chief technology officer, Peter Rawlinson, said, "What we have is a new type of luxury vehicle. This is a cutting-edge Silicon Valley company". "This is going to be a fine driving machine".
Brian Barron, an 18-year veteran of BMW who helped launch several lines of the German brand's cars produced at facilities in Germany and SC, will head up Lucid's factory program.
Brian Barron, Director of Global Manufacturing at Lucid-formerly known as Atieva-said the company started with a list of 60 cities in 13 states, and ultimately selected the southwestern state because of its talent pool, tax incentives, infrastructure, and location. The actual production prototype is scheduled to be unveiled at Lucid headquarters in Menlo Park, California December 14.
The site selection process began over a year ago, Lucid said.